Member Info for SGD27

Replying to dickiehh on the advfn BB, re the difference between "NAV" and "Fully diluted NAV"; perhaps someone could pass it over?

I believe it's "NAV" that should be compared with the current SP. The diluted version takes into account that in April you'll have the option of buying 1 share at 37.74p for every 5 shares held (see RNS on 04/05/23 for details).

Suppose you bought 5 shares at the current NAV price, 49.29p. In effect you now hold 6 shares, at a total cost of 5 x 49.29p + 1 x 37.74p = 284.19p. Your average is 284.19p/6 = 47.36p, which is the "Fully diluted NAV", the "dilution" being the issuing of the extra shares in April. On the day the option expires, all else being equal the SP should drop accordingly.

I hope this is correct, HL appear to agree as they helpfully chart the "NAV" figure here:

https://www.hl.co.uk/shares/shares-search-results/g/geiger-counter-ltd-npv

Https://stockhead.com.au/resources/great-sprott-five-reasons-to-be-bullish-on-uranium-from-the-famous-mining-oracles/

Yes, I was just about to post that they're already shown as part of the team:

https://angleplc.com/about-us/our-team/

A significant observation by sicilian_kan on the advfn board:

"

You will see in the link below it states: "Please note this fund closed on 27 June 2023"

"

https://www.bailliegifford.com/en/uk/individual-investors/funds/british-smaller-companies-fund/

AGM is Wednesday according to this

https://angleplc.com/investor-relations/financial-reports/#general-meeting-documentation

Looks like Disc have managed to do a Public Offering at $49 :

https://ir.discmedicine.com/news-releases

(At $49, assuming Arix still holds 590k shares, I believe that equates to just under 18p per Arix share.)

Now RNS'd by Arix:

https://www.lse.co.uk/rns/ARIX/portfolio-company-disc-medicine-presents-positive-initial-data-from-phase-2-beacon-trial-at-eha-tp9wgpukofwwj67.html

Disc SP goes up 10%, which should equate to ARIX up ~1.5p. But no, ARIX goes down :-(

Disc latest:

https://ir.discmedicine.com/news-releases/news-release-details/disc-presents-positive-initial-data-phase-2-beacon-trial

Hi skid35, no I'm not in RTW, their discount to NAV isn't ridiculous enough - only ~29% vs ARIX ~43%. There's also currency conversion costs.

Just to add, assuming Arix still hold 590,000 Disc shares (which they did at the end of last year) then those are worth ~14p per Arix share today if I've calculated correctly.

RNS not showing on LSE yet for some reason.

https://www.londonstockexchange.com/news-article/ARIX/unaudited-nav-for-may-2023/15992164

NAV on 31 May was £1.80/share (of which ~80p cash, ~47p listed PF, ~51p unlisted PF).

43.2p at 02/06/2023. They really need to include time of day to be completely clear, i.e. does it include all of the US rises on that day?

https://www.lse.co.uk/rns/GCL/net-asset-values-z0n4jr7y9tpkgzf.html

HL estimate NAV should have risen to ~45p, we'll soon see...

https://www.hl.co.uk/shares/shares-search-results/g/geiger-counter-ltd-npv

Another month, and another ~30% :-)

Not sure, maybe just spot price rising 25c, or maybe people reading this?

https://www.proactiveinvestors.co.uk/companies/news/1016571/uranium-is-on-the-move-but-will-the-mining-sector-follow-1016571.html

Disc seems to be doing pretty well - SP up ~50% in the last month.

https://www.google.com/finance/quote/IRON:NASDAQ?window=1M

https://seekingalpha.com/article/4591610-yellow-cake-nuclear-buying-opportunity

Spotted by grosstonnage on a d v f n. Dated today:
https://igbiosystems.com/news-updates/

https://www.brrmedia.co.uk/broadcasts/63dd2b1c52611c376881fed4/yellow-cake-video-update-from-cape-town-2023/

Well, Simon Thompson thinks the cash is still £123.3 even after the Twelve Bio/Ensoma £7.2m financing.
SP up today following his perennial recommendation:
https://www.investorschronicle.co.uk/ideas/2023/02/09/bargain-shares-2023/

Berenberg target up from 543.0p to 552.0p :
https://www.sharecast.com/news/broker-recommendations/berenberg-slightly-raises-target-price-on-yellow-cake-following-timely-acquisition--12250430.html