Over the six months to the end of March 2016 Geiger Counter’s net asset value rose by 28.9%. The Company’s share price lagged the increase in the net asset value rising 11.5 per cent over the six months. As a result the discount widened to reach 25.7 per cent at the end of March. The uranium spot and term prices declined approximately 22% to US$28.1/lb and by 7% to US$41/lb over the half year.
The company says the period saw some merger and acquisition transactions, particularly in the Western Athabascan area of Canada where Chinese state and private entities took significant stakes in some of the attractive regional explorers.
GCL : M&A activity delivers positive outcome for Geiger Counter
