Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
To deliver attractive returns to shareholders principally in the form of capital growth, through investment in companies involved in the exploration, development and production of uranium to supply the nuclear power industry.
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yes, a good interview overall and insight into one person's thinking on the bigger economic picture:
Nations'Debt will be dealt with by inflation
The cost of most stuff is heading higher and higher
Interest rates bound within 1 - 4 % range for many years
Exit cash & invest in junior miners, upstream global energy stocks, Nasdaq plus uranium. I opened a modest position Friday in GCL and found I had to buy with a set limit as little stock available. DYOR but reckon its sage opinion.
Nice to see a recent video of Jonathan Davis not only explaining the uranium narrative, but highlighting that GCL is the only uranium fund outside of North America/Canada. He goes onto recommending GCL as a way to gain diversified exposure to the uranium market.
The full video is very interesting, but the uranium specific commentary starts on 50:14.
link: https://www.youtube.com/watch?v=F96Cd3m-dXM&t=3014s
With the big moves over in the Canadian uranium plays such as Nexgen and Cameco that GCL have big holdings in, I thought it was only a matter of time before GCL was trading back above 40. Well done to those that we able to hoover up shares below 40, there is a chance it may not trade below 40 again.
Has been (unusually) running behind NAV this week, usually it's 5-10% above. Another tick in US equities this afternoon should do the trick
After this week’s bounce in uranium equities, I think we’ll see further upward revisions of the NAV here, the July selloff has provided a good entry point here.
The sale is truly here with huge value on offer as we enter the 7th week of the correction in uranium equities, with traders and weak hands firmly flushed out. Sprott Physical Uranium Trust also made it's debut yesterday trading up +6.65% and brought 100,000lbs of uranium.
SPUT first trading day - link: https://money.tmx.com/en/quote/U.UN
Hope you're right about NXE, it's doing quite well so far today.
You could add "family offices" to your list of buyers - see my YCA posts.
The whole sector is down and GCL's largest holding, NXE is at it probable lows. Stochastics are at the lows from where significant rises occurred over the last few months at the end of month rise in the sector's share prices is nearly upon us. Note how Sprott 's listing on the US market will taken place over the next few weeks and the uranium spot price is likely to rise with buying pressure from producers, uranium funds, hedge funds , junior developers and finally the utilities entering the contracting cycle in the third and/or fourth quarter.
I'm not saying there will not be a longer hiatus at some point for a longer consolidation and perhaps wider a correction in the main markers but l doubt this will happen now.
Hi Dog & Monkey,
NAV is down today (RNS'd at 37.43) but I'm wondering the SP fall is partly just due to institutions having an end of half year tidy-up. So I've also grabbed what I hope will turn out to be a bargain @38.7.
why the sale? anything we don't know?
The sale will not last long. Grabbed a bargain today! Next stop, 50p.
totally agree
They will come flooding back once Nexgen makes it next move.
These shares are going dirt cheap in my opinion.
I'm waiting for Senx news next week then I will be selling my entire holding to add to GCL. I just hope the price stays at this level until then.
GCL will then be the largest holding I've ever had and I will take full advantage of the offer next April with the view to hold out for a least another 12 months after that.
Massive opportunity here with GCL as the world is starting to realise that Nuclear energy is the only realistic solution to reducing the worlds carbon footprint! The uranium bull run is just getting started.
Imagine dropping your load after hearing yesterday's false news on nuclear? Poor sod.
Over hyped news!
Factory is still in production.
Panic sellers selling like headless chickens will all be chasing the stocks to buy back tomorrow. Crazy fools!!!
Hate to disappoint, but when there are two identical sized trades in rapid succession, it usually just means someone moving shares "sideways", e.g. from one account to another, or a spreadbet rollover.
2no £302.4k buys. I'll Follow the money! DYOR
Uranium spot heading steadily north now
Fantastic new video from Justin Huhn from Uranium Insider and Jake Ducey detailing some of the intricacies of the Sprott Physical Uranium Trust and the implications for both the sector and the uranium price. It is really interesting to hear that SPUT purchases of uranium will be short dated, so they will be buying the uranium available for delivery in the next 30-60 days, not accepting delivery for multiple months down the line like many of the juniors that brought physical uranium recently have been forced to do because of the lack of available uranium for delivery in the near future. It will get really interesting when SPUT goes live later in the year and potentially lists on the NYSE.
link: https://www.youtube.com/watch?v=Qt3q0_NoAcQ
Also nice to see YCA put in a new high today as well as Uranium Participation Corp also putting in a new high and breaking through that CAD$6.00 level. URNM/URA/HURA all breaking out substantially. Looking very good for uranium and we have Sprott Physical Uranium Trust to look forward to later in the year. UK investors will wake up to uranium at some point and they will flock to GCL.
Uranium stocks still flying and gcl SP still sitting only just above NAV. Mind blowing!
Move up imminent!
GCL's stocks are on the up, sp should follow today after catching its breath recently.
Good video that MTM. Thank you!
Things are only just warning up in the sector.
Australian U. stocks closed well again.
More of the same from Nex, iso and DNN today hopefully. GCL heading for 50p :)