Berkeley Energia Share Discussion Threads

[gwr7] 03/10/2016 13:03

This has been a fantastic investment for me. Recent sellers probably didn't appreciate the significance of this statement in the latest report.

"The preferred funding route is through the SALE OF A MINORITY INTEREST IN THE PROJECT TO A STRATEGIC PARTNER AT A VALUATION THAT REFLECTS THE NET PRESENT VALUE OF THE PROJECT.”

[pyglet] 03/10/2016 12:53

Fatboy20Absolutely.

[herlat1] 03/10/2016 11:48

Piedro are you and Kreature still short from 42 pence..? Ouch!

[piedro] 03/10/2016 11:28

Why are Berkeley pumping this so much?

- placing @ +60p
- a cover up
- or ...?

Time to unload a few - IMO

[fatboy20] 03/10/2016 09:57

Could today's rise be due to the MoS positivity y'day?

[jswjsw] 03/10/2016 09:19

When EK recommended this some months ago, he did so because he estimated a TNAV of 320p !!!! That may be closer to £2, but even so - a discount of over 70%?? -bring it on....!!

j

[langostino] 03/10/2016 09:10

There may be other factors in play to account for today's spectacular rise, but I imagine it is down to politics. The Spanish PSOE socialist party virtually self-destructed on Friday and makes the ability of the PP conservatives finally being able to form a government much more likely. That will undoubtedly be good for BKY, although I have taken some profits.

[piedro] 02/10/2016 23:55

Remember ...

Forward Looking Statement
Statements regarding plans with respect to Berkeley's mineral properties are forward-looking statements. There can be no assurance that Berkeley's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Berkeley will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Berkeley's mineral properties.

:-), GLA

[value king] 02/10/2016 12:38

Thanks for the link. Long, loud and proud here and looking fwd to an exciting move in the share price before too long.

[1628386] 02/10/2016 10:30

Can I make a suggestion .....

This is our opportunity to raise awareness across the country. Please take time to add a comment on the article, I have and it's very easy to do.

This is our chance!!!!

[herlat1] 02/10/2016 08:58

MIDAS SHARE TIPS: Uranium miner Berkeley Energia promises us a brighter futureBy Joanne Hart for The Mail on Sunday22:02, 01 Oct 2016,Midas verdict: Like most pre-production mining companies, Berkeley Energia is unprofitable and is likely to remain so for years. But with 25 years in the industry Atherley knows what he is doing and has the support of shareholders such as BlackRock, Fidelity and Majedie. Analysts forecast the share price will more than double in the next 12 months. Buy.Salamanca is one of the most beautiful, historic towns in Spain. It is also a short drive from the only sizeable new uranium mine being developed in the world today.The mine is run by Aim-listed Berkeley Energia and its shares, at 47p, should rise substantially as the project moves towards production.Uranium is an essential source of nuclear power, yet half the supply comes from Kazakhstan and Niger – the former closely allied to Putin's Russia and the latter politically unstable and mired in poverty.Historic: The square in Salamanca, where Berkeley Energia has a new uranium mine +3Historic: The square in Salamanca, where Berkeley Energia has a new uranium mineNuclear power has been controversial since its inception and the concern raised by new plants, such as Hinkley Point C, highlights continued wariness. Nonetheless, nuclear energy is widely acknowledged to play a vital role in global energy supply, as countries the world over try to wean themselves from an over-reliance on fossil fuels.Berkeley Energia's Salamanca project is set to make a significant contribution to this. The largest uranium mine in Europe and the eighth largest in the world, it has enough to supply the UK's entire electricity needs for five and a half years.The mine is not just large, it will also benefit from very low costs. Most uranium mines are miles from anywhere, with their uranium buried far below ground. At Salamanca, much of the uranium is four metres below the surface, it is high grade and easy to extract. Equally, Spain has been the recipient of billions of euros of European Union incentives (including considerable sums from the UK taxpayer). The Spanish government has put at least some of this cash into national infrastructure, so the roads, railways and power supply around Salamanca are excellent, and export orders can be fulfilled with minimal difficulty.The combination of strong transport links and accessible uranium make Berkeley Energia one of the lowest cost producers in the world. Even the most efficient of its rivals have costs of about $25 per pound while several uranium producers work with costs of $30 to $60 per pound. Berkeley's all-in cost of production is just $15 per pound.Being cheap is always an advantage, but Berkeley's position is particularly beneficial today. Following the Fukushima disaster in Japan in 2011, sentiment turned against nuclear power. Production slowed, new plants were put on hold and the price of uranium slumped from a peak of $130 to just under $25. At this price, most uranium mines are uneconomical, but not Berkeley Energia. And there are clear signs the uranium cycle is on the turn. Some 65 nuclear plants are being built, with China and India, both heavily reliant on coal-fired power stations, especially keen to increase the amount of energy they generate from nuclear power.The US is quietly enthusiastic too. When it comes to uranium, most energy firms take out supply agreements of five to ten years. Many of these contracts come to an end in the next couple of years and Berkeley Energia's chief executive Paul Atherley has received several expressions of interest recently.Last month, the group said it was close to reaching an agreement to supply a million pounds of uranium over five years at a price of $41 per pound to a European trading company that will sell it on to energy firms. The price is more than $16 per pound above the current trading price because most market experts believe that uranium will increase in price over the next few years.This plays neatly into Atherley's plan. The Salamanca mine is set to come into production in the second half of 2018, by which time trading prices should have increased, while long-term contract prices should be higher still.Construction has begun on the mine but Atherley needs another $95 million to bring it to commercial production. An experienced miner, he is determined to avoid issuing cut-price shares to fund the project, and is in discussions with lenders and other third parties, including customers and even other miners to provide the necessary cash.The mine is expected to produce just over a million pounds of uranium in 2018, rising to 3 million the following year and more than 4 million a year thereafter. The group is also exploring around the Salamanca site to expand production and early indications are positive.Midas verdict: Like most pre-production mining companies, Berkeley Energia is unprofitable and is likely to remain so for years. But with 25 years in the industry Atherley knows what he is doing and has the support of shareholders such as BlackRock, Fidelity and Majedie. Analysts forecast the share price will more than double in the next 12 months. Buy.

[herlat1] 30/9/2016 11:29

Piedro i think you will find that Husab commenced development over five years ago and has taken this long to come into production.

[piedro] 30/9/2016 10:42

OK, please put me right on this one ...

Did not Paul Atherley say that there were no other new uranium projects coming into production?

Namibia’s new uranium mine to triple country’s output by 2017
... According to Swakop Uranium, the company that owns the $2-billion project, the mine will produce up to 15-million tonnes of uranium a year. ...

[tromso1] 29/9/2016 14:26

The original buy recommendation at 21p is here:



and they originally had a 30p target price which they have upgraded as the story evolved.

They appear to have written a number of updates on the company in the interim so it doesn't appear to be a pump and dump from what I can see.



Given that they have already upgraded their target price from 30p to 60p, I guess it's possible they will upgrade it still further when it hits 60p.

[piedro] 29/9/2016 14:13

Is that article not from the 'pump and dump' brigade?

Sell at 60p !!!!

[tromso1] 28/9/2016 12:54

What the MD thinks about BKY as an investment:

"So the way I think about it as an investment - it's asymmetric: that is, the downside is limited, we're going to build it, the uranium price will go a little bit lower, squeeze our margins a little bit, but the upside is explosive."

From 3:43 -

[tromso1] 28/9/2016 12:27

"The goal is to raise $100 million to build this mine, and the way we're planning on doing that is by initially speaking to utilities, Asian in particular, who are looking to buy an interest in the project and that's often done at a premium in the uranium game."

[tromso1] 28/9/2016 12:05

Proactive Investors - "Salamanca will have' incredibly good' margins says Berkeley's Schumann"

[snickerdog] 28/9/2016 06:22

FT article: A boom in electric cars could force Europe to have to build nearly 50 large nuclear plantson.ft.com/2dpyk8b

[snickerdog] 28/9/2016 06:12

From @kawoogie on Twitter:More positive noises for even further nuclear expansion- http://www.nationmultimedia.com/breakingnews/IAEA-30-developing-countries-mulling-nuclear-power-30296271.htmlIAEA: 30 developing countries mulling nuclear power programmesVienna - Around 30 developing countries are considering the development of nuclear power programmes, International Atomic Energy Agency (IAEA) chief Yukiya Amano said Monday.Several of the countries are in Northern African and the Middle East, such as Morocco, Egypt, Jordan and Saudi Arabia.If all countries studying this energy option follow through with their plan, the size of the nuclear power club would double to 60 nations."Nuclear power can make a significant contribution to reducing greenhouse gas emissions and improving energy security, while delivering energy in the large and growing quantities needed for development," Amano said at the opening of the annual meeting of IAEA member states in Vienna.However, many potential newcomers are still lacking the necessary regulations, authorities and skilled manpower to operate nuclear power plants, the IAEA chief said in a written report to the conference.Despite the considerable number of interested governments, the IAEA reported that nuclear energy will expand more slowly than previously forecast.Nuclear power capacity is expected to grow by 1.9 per cent by 2030 under the IAEA's conservative estimate, down from the 2.4-per-cent forecast from last year.The IAEA's high-growth scenario is estimated at 56 per cent for that period, down from last year's 68 per cent. This scenario is based on the assumptions that more countries opt for nuclear energy to curb greenhouse gases, and that Asia's power demand will keep growing at current rates.However low prices for gas and renewable energy, a slow global economy and higher safety standards after the Fukushima disaster have been dampening growth, IAEA said.- DPA

[snickerdog] 27/9/2016 16:52

Pics from BKY Twitter account of big equipment on site, nice to see tangible progress on construction and things happening on the ground.

[snickerdog] 27/9/2016 16:52

Looks like it could be the road to access the Retorillo pit? News today on AMEC being brought in to oversee the mine design and purchasing of equipment a big move forward with actually building the mine itself.