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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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.
It sure will be interesting when ESG fund flows start getting into the uranium space. Expecting this will be a popular bb in a few months time.
Reddit Uranium Squeeze, small group but growing . Very interesting uranium information on the site.
https://www.reddit.com/r/UraniumSqueeze/
Got gcl, and efr (Uuuu, energy fuels) and nxe. Uranium is starting to look very exciting.
This could be the start of the much anticipated bull market, after a long 10 year bear market, the conditions are ripe for a major recovery. US/Canadian/Australian uranium producers and explorers were up strongly yesterday and breaking out to multi-year highs
Agree, look at ARGO as a similar story when the herd finally arrives, this has miles to go with supply deficit, mine closures and the whole ESG backdrop starting to come to the forefront of investors thoughts
I really like there being very little chat despite GCL and the uranium plays doing great.
A sign we haven't even started yet.
When uranium spot increases people will wake up (after smart money has already made 2-5x their money invested).
This is going to be a fun ride. Enjoy!