Geiger Counter Ltd Geiger Counter Ltd : Net Asset Value(s)
06 December 2017 - 2:01AM
UK Regulatory
TIDMGCL
GEIGER COUNTER LIMITED
Date of
Announcement: 05/12/2017
Net Asset Values per share as at: 04/12/2017
The unaudited net asset value (NAV) of the company
is noted below in pence per share.
Pence per share
Geiger Counter Limited 23.66
Kazatomprom announced further production cuts, intending
to cut production by 20% for 3 years from Jan 18.
This is an increase from the 10% cuts in 2017 and
they have also stated for a longer 3 year period.
This was not expected and isn't in the industry leader
UXC's supply/demand projections.
Kazakhstan produces 40% of global production, so this
equates to an 8% cut in global production, taking
the market firmly in to deficit. This action is likely
because Kazatomprom intends to IPO in 2018 so want
to see an improved Uranium price. It remains unclear
how that this will be distributed between producers,
with the Russian operated deposits having previously
pushed back on making cuts. It may be suggestive of
a natural pick up decline rates for Kazakhstan's production.
In addition to Cameco shutting the MacArthur River
mine, this will focus utilities attentions on supply
chain risk for Uranium, hopefully supporting a restock.
Net asset value as at 04.12.2017 of
Geiger Counter Ltd
(TIDM: GCL):
NAV-bid........... : 23.66 GBp
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Geiger Counter Ltd via Globenewswire
(END) Dow Jones Newswires
December 05, 2017 10:01 ET (15:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Geiger Counter (LSE:GCL)
Historical Stock Chart
From Apr 2024 to May 2024
Geiger Counter (LSE:GCL)
Historical Stock Chart
From May 2023 to May 2024