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Berkeley Resources Share Discussion Threads
Showing 1276 to 1296 of 1300 messages
|Just done aborted fake SELL. Was offered 68 - to sell!
You can't tell anything from the trade stream with this!
|73p close Australia bought 50000 this morning not showing up on trades|
|Buy and Hold BKY to see its share price to rise to at least £1 a share within a year and up to £1.60 within 18 months.
Many doomsters were selling Anglo American when its share price had fallen to £2.20 with a downside target of £1. Anglo American has since reversed from that point onwards to rise 6 times higher.
I am citing Anglo American as an example to illustrate that the trend is your friend. Follow the trend until it reverses.
Good luck. I will hold BKY for 18 months at least. I suspect that the company will be taken over when it generates strong profit and cash flow.|
|The rally has hardly begun. Taking profits at this stage is missing a trick imho|
It would be more user friendly if you would shortened that URL of 384 characters
|When you see a solid stock with long-term upside, buy and hold strategy is the best strategy.|
|Can't blame people for taking profits and well done to them. With a rise such as we have seen there will be others who would not want to risk loosing what may be substantial paper gains. However there is plenty of near term news to drive this further and my profit is only a modest 10%. I realy see this as a buy and hold for me with a relatively short wait to production and plenty of pieces slotting together to make this a must hold.|
|I somewhat agree with the retrace, chart-wise & dynamics.
Peeps wouldn't buy shares if they couldn't take a profit.
After other minerals, uranium is flavour of the month, but for good reason.
Price of ETFs still one third of contract prices being signed...... ask BKY -
They've just forward contracted at US$43...& the mine won't produce for a year or two yet!|
|Taken profits this morning sold 15000 x 2 but not showing up on trades, finished down in Australia, good luck all..solid long term bet here, but I am a trader and i think we could see a small retrace from here.|
|Thanks for that GG...plenty of news pointing towards uranium emerging as a hot commodity again|
|News articles today "Uranium soars after Kazakh cutback", spot uranium prices rose 10% after Kazakhstan , which produces 40% of world supply announced a reduction in production of about 3%.|
|Nice jump on ASX today to $1.10 ~68pence..|
|Storming ahead on ASX!|
|The feature in the Telegraph is sponsored so presumably written by the company's PR machine rather than an independent financial journalist.
It's nothing we don't know and that isn't priced in already.|
|New video from BKY posted on Twitter
Berkeley Energia: Find Out How it Secured a Contract for US$43 Uranium
|BKY Feature in Telegraph:
Uranium mine heralds new energy era
Major new mines in post-industrial Europe are rare enough. One dedicated to a commodity currently wallowing close to historic low prices, amid global oversupply, is surely unique.
The Salamanca mine, three hours’ drive west of Madrid, currently in construction by Berkeley Energia, is the only new mine of its kind and size being developed in the world today. Its quarry is uranium, and when it is operating will be Europe’s only major source of the element.
Uranium has had a tough time of late. Nearly all production is used as reactor fuel, and so the commodity has tracked the varying fortunes of the nuclear power industry. Early optimism in the 1960s cooled off rapidly in the 1970s owing to increasing costs and public resistance; nearly two-thirds of new reactors commissioned by 1970 were eventually cancelled. The uranium mining industry, which had developed on the promise of strong growth in power generation, found itself oversupplying the market and stockpiling reserves; mines closed and production was scaled back.
However, things are changing. Governments’ reticence about commissioning replacement plants and expansion of nuclear power capacity has changed, largely because of increased demand for electricity bolstered by decarbonisation treaties. But building new reactors takes time, so the Salamanca project finds itself alone at the new uranium mine party.
But it has good reasons to exist. Its unique circumstances promise uniquely low production costs. The uranium ore is high-grade and very near the surface – only four metres in places – and located in an area of Europe that has already had considerable investment in communication and power grids.
Paul Atherley, Berkeley Energia chief executive, says: “European citizens have already invested in a modern infrastructure, so they might as well get a return on that”. He says the mine’s pre-production capital expenditure of $100m (about £81m at current rates) will be under half that of industry norms.
Mr Atherley says operating costs of $13.30 per pound of uranium make it among the world’s lowest-cost producers, very economic even with the current spot price at 12-year lows of around $18 per pound. Uranium prices look like they are about to turn this corner, with industry giant Cameco’s share price jumping 40pc in the past few weeks after a multiyear decline. If predictions for future uranium demand materialise – a Cantor Fitzgerald report says that oversupply will end by 2020 and there will be a major supply deficit for the next decade – then Mr Atherley expects Salamanca will become a key producer.
He says: “Currently two-thirds of demand comes from OECD countries and three-quarters of supply from Kazakhstan, Russia and Niger. Having a reliable long-term new supplier in the heart of the European Union is proving to be very attractive to the US and EU utilities who are looking to diversify supply away from the non-OECD suppliers.”
This is not the first time uranium has been mined in this area of Spain, although the previous state-owned mine ran from the early 1970s and closed in the early 2000s before the full geological potential of the new site was known. About 60 million pounds of uranium have been confirmed, with a further 30 million expected – offering a possible 4.4 million pounds produced annually through to 2032. Such bounty could produce enough cash flow to cover capital expenditure and move to profit by 2019; until then, the company is funded by a mix of strategic partnerships and equity, and is listed on the London Alternative Investment Market and in Australia.
The local population also stands to benefit. The company received more than 20,000 applications for the first 200 jobs and says the fully active mine will create about 450 direct jobs and more than 2,000 indirect ones, with local communities gaining from training and recruitment, and local suppliers being supported. Development of infrastructure such as community Wi-Fi are among the advantages.
When the mine is fully operational, its predicted output will make it one of the top 10 global producers, with enough uranium to supply the equivalent of the UK’s total power requirements for more than four years. It will bring Europe’s domestic production (currently just 3pc of demand and met by the by-products of other industrial processes) up to 10pc.
The company is keen to stress the quality of production from Salamanca compared with the likes of Niger and Kazakhstan. Europe has high regard for strict health and safety, advanced environmental regulation and strong labour laws. Mr Atherley says: “People want fair-trade coffee and clothes, so why not fair-trade uranium from sources that respect workers and the environment?”
Nuclear energy looks set to take an important role in a carbon-free energy market.
Berkeley Energia will be opening a mine in Salamanca, Spain, to supply uranium for the world's nuclear power.|
"INN: What do you expect for the uranium market in 2017?
TOC: For uranium, you can sense the bottom is here. No producers can make money at current spot uranium price and demand will continue to increase due to new reactor builds and more re-starts expected in Japan. Existing and future producers are starting to contract again, at above $40 per pound prices, which is well above both the published spot, and term uranium prices
CP: Leading indicators are pointing to a resurgent bull market. The downturn we have been through has seen little invested in new supply and less in exploration than should have been and this coupled with an improving global outlook for business growth suggests to me that we may be about to enter a bull market that may put the last one in the shade."|
|....prefer Carole Kirkwood BBC weather girl Shavian...now thats a class act.
Must say I was not so impressed with the lady's presentational skills but certainly a good plug for BKY. Her points (no pun intended) were certainly very valid on uranium generally.|
|Her comany Paternoster has had its fair share of disastrous investments in the past, hence their enormous discount to NAV. Almost all their present investments are in the 'jam tomorrow' category, with no early prospects of income. A prime example is their continuing devotion to Andiamo, since linked to Ortac, a basket case if ever I saw one ( I have the scars to prove it). I think she has a winner in BKY though, as well as a pleasing figure|
|That lady knows f all about mining, she like petrpavlosk ffs|