AuGment
23 Oct 2017
Re: Unexpected fall in sp Agree - its a waiting game. At some point in the next 3 years Uranium miners will have their day & I'm happy to sit tight until that happens. The companies that GCL is invested in have demonstrated resilience in the face of a decade long downturn in the market and are not likely to go out of business now. I'm not so fortunate with my entry price having bought into last years failed rally. Still my average of around 23p is likely to be insignificant when this finally takes off.I'm also invested in BKY having bought the dips over the last 7 years. With an average around 30p I'm already into profit but will hold as I believe there's much more to come when the market finally turns.
casabanker
23 Oct 2017
NAV GCL's net asset value is still falling and now stands at 18.81p,~Casa.
casabanker
12 Oct 2017
Re: Unexpected fall in sp Hello AuGment,The future shortage of Uranium is the reason I bought GCL and I have averaged down over time. My current price is 19.47 and the NAV today has fallen to 19.24. It might not happen but I am expecting the sp to fall tomorrow (Friday) and I might well top up again. The over supply of Uranium will not last as there are more and more nuclear power stations being built. I just hope I live long enough to witness the forseeable change.Casa.
AuGment
11 Oct 2017
Re: Unexpected fall in sp Recent drop most likely a result of Cameco downgrade ( and risk that the dividend will go) and Cantor Fitzgerald recent update on the Uranium market as a whole ( still oversupplied and could be for some time). What keeps me a holder here is the fact that the market cannot sustain this position beyond 2020. With many of the higher cost producers choosing to meet their contracted positions through the spot market rather than through production, the spot excess is likely to run down significantly during 2018. Many higher cost producers will go out of business as predicted increases in interest rates mean they can no longer sustain their "zombie" status. When the market moves into deficit and there is not the capacity in the current supply chain to meet demand, there will be a correction on biblical proportions. My view is that downside risk here on is limited while upside over 3-5year time frame could be quite spectacular.HOLD and buy incrementally on dips
Dingledangle
10 Oct 2017
Re: Unexpected fall in sp Its tempting but if the fund announced a dividend I would look much more favourably into it.
casabanker
09 Oct 2017
Unexpected fall in sp At 17p. GCL's now at a 15% discount to NAV. It looks like a buying opportunity but watch out for the falling knife.it's very tempting nevertheless.Casa.
casabanker
27 Mar 2017
A big sp fall this morning This fall in the sp could provide another buying opportunity. However, I am biding my time to see if it's a general market influenced fall or a more serious sector one. I'm watching closely this week. Casa.
AuGment
15 Feb 2017
Re: No news and no comments Unfortunately I'm another who bought in recently having done very well on BKY ( of of the smaller GCL constituents) and used the profit to get wider exposure to the sector. I'm happy i did!Having done a fair bit of reseach into this fund, the global x uranium trust and the uranium market as a whole I'm reasonably confident there's more to come. The market cap of GCL has also doubled over the last few weeks suggesting i'm not alone. I know this one is going to be highly volatile and I need to the temptation to buy/sell when big swings occur. If U235 supply does go into deficit over the next 2 years ( as many knowledgeable people in the industry are predicting)I think we'll see the spot price and long term contracts being many multiples of current figures.
Rhigos
15 Feb 2017
Re: No news and no comments This fund been going up sharply of late. Suppose price of yellow cake gone up. SP gone up 200% in the last 12 months. Unlike Dingledangle and casabanker I bought a long time ago. Feb 2011 at 131.49p then there was the tsunami that struck Japan and nuclear power's popularity crashed along with SP of GCL. Averaged down on 6 Aug 2013 buying at 28.65p doubling number of shares held. SP fell some more to a low of 10.75p closing price. Still sitting on a loss of about 60% on average gross purchase price.Well done for those who bought around a year ago or even at the end of last year.
