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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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Here is a really interesting and in depth video about the uranium market and how things could unfold in the coming years.
link: https://www.youtube.com/watch?v=0iLKRy8OdZI
The ASX was flying today, I think the US session will be really interesting as you say. Nice to see a good bump up in GCL today up +6.61% at 43.71.
Some big movers down under. Expecting the next leg up for Nexgen today and in turn GCL should make its next move up towards 50p. Its great to see the price holding up so well with big profit taking recently.
I expect this morning could be the last chance to top up or buy in the low 40's but I will continue to buy on the dips here as the uranium bull run is just getting started and GCL are holding a fantastic basket of stocks to ride this boom!
I can see GCL being in the 60-80p zone before the cavalry arrive and realise where this beast is heading!
Good luck
I am also completely baffled that there isn't more UK private investor interest in physical uranium and uranium stocks. They seem to be the best risk to reward proposition on the market. I guess we are still very early on this one and we have a long way to go before the generalist investor picks up on the opportunity. I see the spot price moving being a big catalyst for the world to wake up, but the smart money that knows is definitely moving into the space now. Seeing the price action of Cameco recently has been very telling!
Hi MTM, I posted that on Thursday, just to note it passing 40. Friday was 40.59. But your point is still valid of course.
Like you, I'm puzzled that there hasn't been more chat-board interest shown both here & YCA. Maybe people are wanting to keep it under the radar till they take up their positions?! Anyway, we should probably be grateful - when the 'herd' arrive these chat-boards tend to become less pleasant.
I can't help with your questions (re Namibia & HPX) but maybe you could email them? As fund managers they ought to be happy to answer questions from their customers. There's a "General Enquiries" email address here:
https://ncim.co.uk/contact-us/
That NAV was calculated at 2:30 today before us markets opened. Nexgen is +5%, Denison +4%, Cameco +8% since markets opened. The share price to nav gap is closing and my guess is GCL is due a move up soon.
NAV now at 40.3p
Was really surprised to see this open sub 40p today when you consider most major uranium companies booked double digit gains yesterday. With the likes of Cameco +10%, Nexgen +13.8%, Paladin +19%, Boss Energy +29%, Bannerman +29.6% putting in stellar gains on the day.
Kevin Bambrough conceived of the idea for UPC back in the mid 2000s and he has shared his recent thoughts on the recent updates regarding Sprott managing UPC going forward and the implications for UPC getting listed on the NYSE and being able to do "at the market" capital raisings. His take is fascinating and highlights just how important this recent event is on the uranium market going forward. Truly pivotal moment. I would encourage anyone interested in the space to read the two threads linked below.
Thread 1 - https://threadreaderapp.com/thread/1387526429416509441.html
Thread 2 - https://threadreaderapp.com/thread/1388105079245451268.html
I will start by saying that I am very bullish uranium and am already heavily invested in the space, but am considering investing a chunk into GCL as I like the basket of stocks it holds and would bring some needed diversification to my current portolio of uranium stocks.
I have been researching the holdings and the one stock that I don't quite understand is the fund's High Power Exploration-Phys at 8.66% of the fund. It is an interesting company, holding some interesting prospects / IP and with Robert Friedland as chair, I can see the potential. However doesn't seem to be very relevant to uranium and I am curious to why it is included in the fund. Is the company's IP used in a lot of uranium exploration? If anyone has any info on this, it would be greatly appreciated as I couldn't figure this one out.
So it is, Thanks Larus! I'm in for the long haul anyway.
First subscription date is 30/4/22
I’ve doubled my holding over the last 2 days.
Hoping to add again tomorrow before offer deadline.
Nuclear power is the future. The wise are accumulating uranium stocks. UP we go this week!
https://www.reuters.com/business/environment/china-us-agree-need-stronger-climate-action-commitments-statement-2021-04-18/
https://www.ft.com/content/46c63e13-142b-4e18-b141-b621023e8073
The boom is only just beginning. GLC mentioned:
https://www.google.co.uk/amp/s/moneyweek.com/investments/commodities/industrial-metals/602982/how-to-profit-as-uranium-prices-head-for-a-melt-up%3famp
https://moneyweek.com/investments/commodities/603075/nuclear-power-good-time-to-invest-in-uranium
Should be a strong day today for GCL, looking at North American uranium stocks yesterday
Looking at the history of premium/discount to NAV here in GCL is a good indicator of how strong the bull market in uranium is. From 2011 to 2017, GCL was trading with a discount to NAV the majority of the time. From 2017 to early 2020, it was a mixed bag trading both below and above NAV. However post pandemic, GCL has notably traded at a premium to NAV for the majority of the time. Really interesting to see this transition.
GCL also putting in another high today at 42.6.
GCL value to NAV charts can be viewed here: https://www.hl.co.uk/shares/shares-search-results/g/geiger-counter-ltd-npv
Forecast looks good
https://www.fnarena.com/index.php/2021/04/07/uranium-week-uranium-price-rise-forecast/
YCA is sadly harder to get hold of than some. I've had my eye on it for a while, but Halifax won't trade it and it seems like a faff to set up another platform when GCL is the better option...!
I am more surprised that both YCA and GCL don't have more interest on these chat boards, maybe UK private investors have not yet woken up to what could unfold in the sector over the next few days. Some fantastic movement in GCL today with a new high printing.
Does anyone know why GCL has no weighting in its fund towards Namibia uranium assets, like Paladin, Bannerman, Deep Yellow, Marenica ect? It seems surprising considering that China is the biggest driver of uranium demand and Namibia is the only major uranium producing country in which China can purchase controlling stakes in uranium companies.
Uranium set to rally. GCL very well positioned to ride the wave.
https://oilprice.com/Alternative-Energy/Nuclear-Power/Uranium-Prices-Poised-To-Rally.html
Surprised to see the YCA chat board more active than on here... if you believe Uranium price is going to 50$/lb+ then surely you may as well get some leverage to it via GCL than simply (theoretically) tracking the price via YCA. YCA was a good option when it was trading at a big discount, for a much lower risk, but now it is at a premium, don't see the attractiveness of YCA vs GCL.
Just bought in today, I like this companys Trusts. My SIPP does not allow me to buy US and Canadian commodity companies directly so I hold here and GPM also.