Overview

Geiger Counter’s results for the year ended 30 September 2014 show the net asset value falling from 31.3p to 26.9p and the share price flat at 24.75p. The Uranium price has improved (it was $43 when they wrote their statement, having touched a low of $28) and they believe this is a reflection of where the breakeven production price is and also the absence of Russian production from the world market as they restricted exports.

The manager’s statement makes no mention of how individual stocks in the portfolio performed.

GCL : Geiger Counter positive on Uranium price rise

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