George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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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Life changing gains will be made in this sector over the next 2 to 3 years.
Anybody know why there is an 8% drop today?
Iso -18%, NXE -10%, DNN -6.5%... There will be a buying / top-up opportunity in GCL Monday late morning / early afternoon, then I expect the Canadian and US stocks to gap up.... but as always you never know.. DYOR.. good luck!
The Sprott squeeze continues.
We might consolidate for a few days but this baby is not going down.
Given the share issuance by the manager, and at a premium, it would be interesting to know if he is using the new cash to buy up more of the blue chip names, like the overweight position in NXE, or if he is buying up some of the more volatile juniors, or if he is topping up all existing holdings proportionally.
Just looking at my Jan 21 post. Haha. Cooking now, got the Ready Brek glow coming off this bulletin board although to be fair most of the insane rises in the last couple of weeks have been off LSE.
As the market can absorb those 3 extraordinary large sales with barely a blink in the sp, it bodes well for underlying strength of the recent rise in share price. With activity of an expanded Sprott ( and Yellowcake) buyer of Uranium, feels like a significant rerating of both Uranium and GCL has just begun. Who knows where, but a doubling to $80 spot price could be on the cards within 6 months if utilities think they might otherwise not have sufficient U ?
Looks like they have issued a load more shares to buy in the Market. Seems to have lit up the sector. Might need to buy some more GCL on Monday.
Over a year ago I read that a shortage of processed uranium for nuclear was developing.
Why did I only dip in at £1K then ?!
Took a small position this morning @ 51.5p.
Not sure if it will drop back much to allow me to add more, but looking to add when some cash comes free next week.
Looked at Yellow Cake, but the RSI suggested it is a bit too hot. GLC give a broader spread bar the 22% in Nexgen.
Not much too add so back to watching and reading up more.
Huge stake in nexgen, it’s certainly a very big future play, 22% of the portfolio!! Let’s see how this plays out, gla
uk PIs asleep on commodties!, some in but lets be honest the market is being driven by other sectors especially in the usa and this will have its time and moment. going for a 6 week upswing, sell and then await re-trace
Gcl going vertical here this morning and no excitement here at all? UK PIs still sleeping on uranium.
Might have that by month end if Sprott doesn't relent :-D
Working out well, so far. Circa 70p by year's end?
UK market is sleeping on uranium. I am sure that will change soon.
And only two posts today. Unreal.
And only two posts today. Unreal.
At last. Lets hope its a long ride.
Choo choo
Totally agree. Inflation has arrived and commodities + energy prices are increasing. With government debt levels at such high levels in the US and Europe they won't be able to raise rates the way they did in the 70s to combat inflation, because the governments won't be able to pay the interest to service the debt, with high interest rates. So with rates staying sub 4%, inflation will be here to stay. Uranium is a great hedge against this, with outsized gains if the sector takes off.
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