Berkeley Energia Share Discussion Threads

[piedro] 22/6/2016 16:37

The latest ...

Sin acuerdo en los juzgados entre Berkeley y Stop Uranio
Miércoles, 22 de junio de 2016,
...
El Juzgado Número 1 de Ciudad Rodrigo convocó a José Ramón Barrueco y a Jesús Cruz, miembros de STOP Uranio, que son los demandados por Berkeley para que, junto con el directivo de Berkeley, Javier Colilla, pudieran llegar a un acuerdo en el acto de conciliación celebrado hoy, aunque, como han explicado las partes, no ha habido acuerdo.
En la demanda del acto de conciliación formulada por Berkeley, la empresa denunciante asegura que José Ramón Barrueco y Jesús Cruz han "vendido falsedades en los medios de comunicación, respecto al proyecto -la mina de uranio- promovido por la empresa". ....


- no agreement

[mikeroot5] 22/6/2016 13:24

Good times ahead I think! Number of small caps are waiting for Brexit it to blow over before releasing news. Think newsflow will be strong in a couple of weeks!

[piedro] 22/6/2016 04:16

Thank you
:-)

[herlat1] 22/6/2016 01:50

Piedro i think this is what you were trying to highlight. Middlemas converted his options into ordinary shares and put $1.8 million into the Company and now holds 9.3 million shares. No. of securities held prior to change A: 5,300,000 B: 4,000,000 ClassA: Ordinary SharesB: Unlisted Options exercisable at $0.45 each on or before 30 June 2016 Number acquired A: 4,000,000 B: Nil Number disposedA: NilB: 4,000,000 Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation $1,800,000 No. of securities held after changeA: 9,300,000 B: Nil

[rvsy38] 21/6/2016 22:01

Piedro - You clearly don't understand the figures.

[rvsy38] 21/6/2016 21:05

I see that last Friday Ian Middlemas ( non executive chairman) exercised his option to buy 4 million shares at $0.45 per share bringing his holding to almost 5% of the company's listed shares. That looks like quite a vote of confidence in the project.

[langostino] 21/6/2016 20:29

hxxp://vozpopuli.com/economia-y-finanzas/84540-los-ayuntamientos-afectados-se-rebelan-contra-una-mina-de-uranio-que-bendijo-canete

[snickerdog] 21/6/2016 18:05

Great to hear Justin Waite and the Sharepickers podcast still so keen on BKY. PA talks about a highly profitable project and future Uranium demand. Very robust against low prices too and will be highly leveraged to any of the expected rises in the underlying commodity 506 - DekelOil and Berkeley EnergyThe Vox Markets Podcast with Justin Waitehttps://audioboom.com/boos/4728570

[laptop15] 20/6/2016 22:26

Looking forward to hearing the results mike :)) could get a nice rise in the share price too!

[mikeroot5] 20/6/2016 17:58

Conversation with PA - "milestones just around the corner" he says just at the end and that DfS study should be out in a few weeks... Seems to be upbeat about ithttp://tradertim.co.uk/berkeley-energia-talking-paul-atherley-bky/

[mr macgregor] 20/6/2016 13:14

The low level radioactive material is present in the ground. Berkeley will be removing it. A benefit to the local environment.

[snickerdog] 20/6/2016 12:55

Very interesting read for those looking at any Health and Safety / environmental queries regarding the project, covers the rehabilitation and restoration plan and how they will be working closely with the local Juntas on this, working with the Nuclear Safety Council to monitor exposure levels which will most likely be fairly insignificant. Again referencing the amount of job applicants backing up the local government support for development for wider socio-economic benefits.

[snickerdog] 20/6/2016 12:29

www.berkeleyenergia.com/wp-content/uploads/2016/06/EL-Pais-Paco.pdf



El Pais: Berkeley: A sustainable mining project


Berkeley Energia’s project is defined by its commitment to economic and social development and its respect for health and the environment


Berkeley Energia is now developing its ambitious project mining for uranium in Salamanca, near Cuidad Rodrigo, the same area that Enusa was extracting uranium until 2001.

Berkeley, an Australian company, has invested more than 60 million euros to date in the development of this project, and mining will begin at the Retortillo-Santidad deposit, situated in the Retortillo and Villavieja de Yeltes areas.

“Berkeley’s total investment in this project is around 400 million euros over the life of the mine, from initial investment to operating costs and money earmarked for the restoration of the land” Francisco Bellón, General Manager of Operations at Berkeley.

As uranium is found near the surface, the mining of the deposits will be open pit and at carried out at staggered depths. Additionally, open pit mining, rather than underground, is preferable for the safety and health of those working in the mine. Also, the type of mining proposed by Berkeley, which will be based on the principle of ‘transfer mining’, will allow for the rehabilitation of the affected areas throughout the early phases, therefore minimising the impact, and complying with the methodology preferred both by Spain and the rest of the world.

“The restoration plan for the Retortillo deposit has been approved and will be carried out so as to ensure the recovery of the entirety of the affected area. We will invest more than 32 million euros in this and the Junta of Castilla and Leon will ensure we follow through on these promises” added Francisco Bellón

The mining plan developed by Berkeley places significant importance on the restoration plans. The plan aims, once the area has been mined, that the 236 hectares of affected land will fully recover. The Environmental Impact Statement relating to the project includes a plan of action which, with the supervision of the Ministry of Environment of the Junta de Castilla and Leon, will ensure compliance with all steps to guarantee proper rehabilitation of the affected areas.

The Mining Plan for the uranium deposits of Retortillo and Santidad includes a restoration plan, designed to ensure the land is returned to its original state. This concern for the environment is mirrored in the company’s concern for the security and health of its workers.

They have carried out meticulous surveillance plans approved and monitored by the Nuclear Safety Council. Among these plans are ones to monitor the maximum exposure to which workers would be exposed, and the resulting levels are much lower than the legal limits. They are in fact similar to the levels of radiation one is exposed to if you have one chest x-ray a year.

All of this reinforces Berkeley’s promise regarding the development of the local community, especially in the areas surrounding the project.

The project that Berkeley is developing is extremely important, both a national and international levelt, as it forms part of the EU policy seeking to promote selfsufficiency of raw materials within the Union.

“The project that we are developing, once at full production, will be capable of supplying 130% of uranium consumption at Spanish nuclear power plants, which is the same as almost 30% of electricity generated by the nation” commented Francisco Bellón

One of the main promises made by Berkeley was to ensure that, when developing the project, its sustainability compared favourably with others in the sector. Not surprisingly, Berkeley is one of the few mining companies in Spain that has Sustainable Mining Management (UNE 22470/UNE 22480) and Environmental Management (UNE_EN-ISO 14001) certificates.


A RESEVOIR OF JOBS


Berkeley’s industrial plan will generate huge investment and will have important economic and social benefits for the area. One of the most important of these is job creation. It is thought that the mining of the Retortillo - Santidad deposits will create around 200 direct jobs (including permanent contracts), to this figure one must add the number of indirect jobs created.

According to the University of Salamanca, who have carried out studies of similar projects, there is usually a ratio of 5.2:1 for indirect to direct jobs. This means that the number of people employed in jobs related to the project will be over a thousand. This job creation will be vital for the area, as many of the regions have been effected by rural desertification.

According to the Adecco employment offices that opened in Retortillo, Berkeley has already received more than 20,000 job applicants, many of whom come from towns in the area, including those from the neighbouring Cuidad Rodrigo, where the old uranium mines were in operation years ago. Also among the applicants are numerous graduates and technicians from the University of Salamanca.

[herlat1] 20/6/2016 12:23

So Piedro it is great that you are monitoring the regional Spanish press so closely.Are you saying that the Mayors are in the dock for spreading falsifications?

[piedro] 20/6/2016 11:06

En Cuidad Rodrigo
Berkeley se reúne con los alcaldes del Yeltes y avanza que empezarán a construir las infraestructuras no radiactivas de la mina a finales de año
Miércoles, 15 de junio de 2016


No Troll newspaper this one - refreshing reading
- seems not all the Mayors are convinced
- and the plant permission has yet to be granted

AIMHO.

[piedro] 20/6/2016 10:50

En Cuidad Rodrigo
El Juzgado de Ciudad Rodrigo ordena investigar al exalcalde de Retortillo y a sus tres concejales por la mina de uranio
Jueves, 26 de mayo de 2016,


- 28 of June, the ex-Mayor and his three councillors are to declare in the case of the accusations by 'Stop Uranio'
- 22 of June, two members of 'Stop Uranio' are called to conciliate with Berkeley for selling falsifications regarding the project. Berkeley is asking for 500,000 Euros in damages

[snickerdog] 16/6/2016 08:27

Uranium prices set to double by 2018




With prices set to double by 2018, we've seen the bottom of the uranium market, and the negative sentiment that has followed this resource around despite strong fundamentals, is starting to change.

Billionaire investors sense it, and they're always the first to anticipate change and take advantage of the rally before it becomes a reality. The turning point is where all the money is made, and there are plenty of indications that the uranium recovery is already underway.

It's been a very tough few years for uranium. But it now looks like we've reached the bottom, and the future demand equation says there's nowhere to go but up—significantly up.

Uranium analyst David Talbot of Dundee Capital Markets is forecasting 6 percent compound annual demand growth through 2020, which is enough, he says, to "kick-start" uranium prices up to and beyond 2007 levels. Morningstar analyst David Wang predicts prices will double within the next two years.

MINING.com expects "the period from 2017-2020 to be a landmark period for the nuclear sector and uranium stocks, as the global operating nuclear reactor fleet expands."

"It's impossible to find another natural resource that is so fundamentally necessary and yet has carried such negative sentiment as uranium. The market has been skewed by negative sentiments that ignore the supply and demand fundamentals," says Paul D. Gray, President and CEO of Zadar Ventures Ltd., a North American uranium and lithium explorer.

But the toxicity levels have dissipated, and nuclear energy is rebounding as a cleaner power source with next generation safeguards. The fundamentals are again ruling the day, and this will be the key year for uranium," Gray told Oilprice.com.

Why Sentiment is Changing: Born in Chernobyl, Raised in Japan

The negative sentiment on uranium was largely made in Japan. The 2011 disaster at Fukushima created an irrational disconnect between sentiment and uranium fundamentals.

Now that enough time has passed since Fukushima, this negative sentiment is losing steam as it appears that Japan has succeeded in bringing some of its reactors back online – four of its reactors have already restarted operations. So the world is refocusing on what are arguably brilliant fundamentals, which actually have been there all along.

First and foremost, the world is building more nuclear reactors right now than ever before, despite Fukushima. A total of 65 new reactors are already going up, another 165 are planned and yet another 331 proposed.

Powering all of these developments will require an impressive amount of uranium. Right now,existing nuclear reactors use 174 million pounds of uranium every year. That will increase by a dramatic one-fifth with the new reactors under construction. But in the meantime, uranium producers have reduced output due to market prices and put caps on expansion. As a result, supplies are dwindling.

Currently, the world is increasingly recognizing nuclear energy as the cheaper, cleaner, and greener option—as indicated by the number of reactors being built.

As the specter of nuclear accidents wanes in the aftermath of Fukushima and climate change fears move to the top of the chain, uranium is set for a global sentiment transformation.

As Scientific American opines, "Nuclear energy's clean bona fides may be its saving grace in a wobbling global energy market that is trying to balance climate change ambitions, skittish economies and low prices for oil and natural gas."

According to Bloomberg, in Asia alone, approximately $800 billion in new reactors are being developed.

The market hasn't quite caught on yet to what this massive nuclear development means for uranium because it's still stuck in the Fukushima sentiment–but the cracks are showing and it's about to break free.

At the same time, the uranium industry is not producing the uranium needed to feed the hundreds of new reactors slated to come online. Not even close. The uranium is not being produced because producers can't turn a profit at today's spot prices.

The minute the market catches on to the massive amount of reactors coming online combined with the pending uranium supply shortage, uranium will experience a price surge like no other commodity before it.

Up to 20 percent of the uranium supply needed to operate the world's existing 437 nuclear reactors for the rest of this year and next is not covered, according to uranium market analyst David Talbot.

The market has recognized the pending lithium boom, for instance, as heralded by the electric vehicle (EV), battery storage and powerwall push. But the market is sleeping when it comes to uranium, which has even more obviously bullish fundamentals. That's why when this sleeping giant awakens suddenly with the start-up of new reactors around the world, it will be with a roar that rewards those savvy enough to sneak around the irrational sentiment.

Determining when the break-out will come, exactly, is part and parcel of playing this rally with an eye to massive returns (for which you can thank the negative sentiment if you're already onto uranium). But all bets are that this year we'll see the first new reactors come online, and then it will snowball from there, transforming from a buyers' market into a sellers' market.

The Billionaires' Sixth Sense

Billionaire investors are lining up behind uranium with major acquisitions, betting that they are on the edge of a price break-out.

Earlier in June, Hong Kong billionaire investor Li Kashing, though his CK Hutchinson Holdings and CEF holdings, said he would buy $60 million in convertible bonds from NexGen Energy targeting uranium projects in Canada's Saskatchewan province.

"The current spot prices seem low, but the fundamentals indicate there's going to be a very large demand and supply gap — that's what you're making a call on," NexGen CEO Leigh Curyer said of the deal. NexGen is slated to start production in the 2020s.

Mr. Li's $60-million bet on Saskatchewan uranium is near another uranium company, Zadar Ventures Ltd, which has four projects in Saskatchewan and one in Alberta, and stands to benefit from the high-dollar renewed focus on this resource.

The Athabasca Basin is elephant country in terms of uranium deposits. It represents the world's highest-grade uranium deposits and is the home to all of the major uranium producers, developers and explorers.

If your going to look for the world's next uranium mine, the Athabasca Basin is the place to do so.

Considering that nearly half of the U.S.' 57 million pounds of uranium imports last year came from Canada and Kazakhstan, with Canada providing 17 million pounds—these producers are extremely well-positioned for what comes next.

Talbot predicts that the Uranium pound price could reach $65 within two years, and notes that some mines will be extremely profitable at this price—particularly those in the Athabasca Basin and in the western and southwestern U.S., while development of uranium deposits in Africa will require higher prices.

The Athabasca Basin is precisely where Zadar and NexGen operate, along with other promising contenders, including Cameco Corp. (TSX:CCO) and Denison Mines Corp. (DML:TSX).

Last month, billionaire D.E. Shaw let us all know that he'd acquired 1.4 million shares in Cameco, eyeing rising uranium prices, tightening supplies and growing demand—and joining the ranks alongside George Soros. And others have lined up, too, including well-known money managers Ken Griffin, Ray Dalio and Steve Cohen.

Then we have Bill Gates—who has jumped on the uranium bandwagon with great determination. Through his TerraPower company, Gates is developing a Fourth Generation nuclear reactor that would run on depleted uranium, rather than enriched uranium.

Increasingly, this is shaping up to be the the Year of Uranium, but while the market sleeps, big investors don't: They'll be all set when uranium experiences a violent upswing, and those operating around the Athabasca Basin are likely to be among the first to benefit from the upward price trend and shrinking supply.

[mr macgregor] 15/6/2016 17:32

A group of scaremongering dimwits, who don't know the difference in radioactivity between yellowcake and enriched uranium, will have no impact whatsoever on this project.

[herlat1] 10/6/2016 12:42

Motley Fool: Is Berkeley Energia plc a better buy than BHP Billiton plc?By Prabhat Sakya In the emerging energy economy, many people have talked about the rise of solar and wind power. And indeed these renewables are rapidly becoming cost-competitive with oil and gas, and will grab an increasingly large market share in the energy sector. But in this energy revolution, there is relatively little mention of nuclear power. Yet most agree that this will be a crucial component of the future energy mix. The nuclear power industry is growing year on year, and China and India alone plan to build 300 new reactors. The global nuclear industry is boomingThat means this is a booming industry, and as well as growth in capital expenditure, there will be rising demand for uranium, the main fuel for these reactors. And this is where firm Berkeley Energia (LSE: BKY) comes in. This little known company specialises in mining uranium. And it has made a discovery of a massive deposit in Western Spain. Yet this is a small cap with a value of just £63.8m, which doesn't pay a dividend, and is not yet turning a profit. However, it seems to me to show particular promise. The Salamanca project has the potential to power the whole of the UK's electricity needs for five and a half years. EU, national and regional approvals have been received, and site works commenced in March 2016. The main risk I see with this project is that uranium prices could slide as part of the falls in commodity prices as the mining and mineral bear market gets under way. Yet Berkeley argues that its low capital and operating costs cushion it from this; it plans to be one of the world's lowest cost uranium producers. What's more, the sharply rising demand in uranium around the world suggests that spot prices won't fall as low as other commodities. That's why I think Berkeley Energia could well be worth looking into as a small cap growth play. But rather like fellow small cap Sirius Minerals, we will have to wait till mining starts to get an accurate picture of how much this firm is worth. While metal and mineral demand is falling In contrast, mining titan BHP Billiton (LSE: BLT) has seen its profits fall sharply as the commodities supercycle has ended. This is one of the world's largest miners, and has operations across Africa, Latin America and Australia. Substantial over-investment during the boom years means that BHP will need to cut back severely to correct the global over-supply of metals and minerals. China's building boom is ending, which means that, in contrast to uranium, demand for commodities such as iron ore and copper is falling, while supply has increased. Mining bulls will say that BHP Billiton has a dividend yield that is hard to ignore. Yes, that 9.07% income is high. But it is crucial to get a picture of the long-term viability of this dividend. High yields can sometimes be very deceptive, and it is highly unlikely that it will be maintained. Analysts estimate that it will be cut to just 2.61% in 2016, as the earnings that drive dividends dive. So, the bottom line is that you should continue to avoid BHP Billiton, but, if you are not risk averse, Berkeley Energia may well be worth a closer look.

[herlat1] 09/6/2016 09:41

Snowyflake i agree.

[herlat1] 08/6/2016 17:20

QP being fluent in six languages is genuinely impressive. Few native english speakers are fluent in any foreign languages let alone six. No wonder you can navigate Spanish google do easily.Can i ask what they are?

[snowyflake] 08/6/2016 17:18

herlat - no problem; IM took it from virtual obscurity and sold it for the equivalent of £500 million. But then that is why I am here; not to debate politics and whingers save where whingers need correction.

We all know that uranium can be harmful to the likes of those who mine it but then the whingers and layabouts forget Marie Curie who discovered uranium found at Nisa (Portugal and not that far from Salamanca - I have a good friend who lives to the west of it)set about the trail to radium and the story of radiography is now history; save that it is worth reminding the protesters that 50% of those who suffer from cancer are treated with radiography. I really hope that those protestors and their supporters do not avail themselves of the benefits of uranium such as radiography and reject any heat or electricity derived from a nuclear reactor.

Oh no; that would be expecting too much would it not herlat? They protest but take.