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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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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 :)
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/