Share Name Share Symbol Market Type Share ISIN Share Description
Berkeley Eng LSE:BKY London Ordinary Share AU000000BKY0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 43.00p 42.00p 44.00p 43.00p 43.00p 43.00p 98,335 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -7.6 -4.2 - 109.34

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Berkeley Resources (BKY) Top Chat Posts

DateSubject
27/6/2017
09:20
Berkeley Resources Daily Update: Berkeley Eng is listed in the Mining sector of the London Stock Exchange with ticker BKY. The last closing price for Berkeley Resources was 43p.
Berkeley Eng has a 4 week average price of 42.50p and a 12 week average price of 40.50p.
The 1 year high share price is 70p while the 1 year low share price is currently 35p.
There are currently 254,289,976 shares in issue and the average daily traded volume is 22,035 shares. The market capitalisation of Berkeley Eng is £109,344,689.68.
22/6/2017
10:25
bookwormrobert: Essentially, BKY's share price currently reflects the dire state of the entire uranium market, which is in a state of supply side destruction (e.g. major producer Paladin are all but bust). There is nothing wrong with BKY itself. If you believe (as I do) the uranium commodity cycle will turn (and there are powerful and persuasive arguments that it eventually must) then BKY is currently very cheap. What I don't know is exactly when the uranium cycle will begin to turn - tomorrow, in 3 months time, or in a year or two, they're all possible. IMO, that's the biggest risk we're all taking by investing in BKY, which in itself is an excellent, well-run company with a big and cheap-to-extract resource (Zona 7).
01/6/2017
12:54
bookwormrobert: Yes, I agree that we should take a long term view - after all, Berkeley isn't producing yet, and actually benefits from the current supply side destruction. Yet for all that, it's worth keeping an eye on the U3O8 spot price. It does seem to drive the movements in BKY's share price (probably due to the flow of money into and out of uranium exchange traded funds such as Global X URA). Right now we must be at or near the bottom of the uranium market, so it should be, or it soon will be, a good moment to buy into BKY.
25/4/2017
10:52
wiseacre: PA can not be faulted for his tireless promotion the company. I have just rung the company to discover he is currently in Toronto for the World Nuclear Fuel Conference at which Berkeley is presenting. I gather they will publish it along with Q & As. The company will also publish a link for all shareholders to submit any questions they may have. Those who have doubts should express them directly to the company. I have to admit I am fully committed. It seems a no brainer to me but I believe the recent share price fall can be attributed to tracking the uranium price which has fallen back over the past couple of months and Berkeley's share price has nothing to do with environmental neurosis.
24/2/2017
08:31
bookwormrobert: I don't think BKY's current share price weakness is linked in any way to the fairly spurious court case. It's sectoral - all the big uranium miners are down this week, most of them by more than BKY. My guess it's linked to the sudden softness of the U3O8 spot price (it fell from $26.50 to $24). Hopefully, Monday will bring a new and better spot price. Perhaps also the Toshiba scandal is affecting sentiment. None of this really matters in the big picture. If the share price does tank more, I'll just buy more.
23/2/2017
15:46
bookwormrobert: It's worth saying that BKY's share price decline is sectoral: Cameco is down about 16%, Global ETX down 11%, Paladin down 15%, ERA down 17%, and our own BKY down 12% over the last five days. Presumably it is linked to short term softness in the uranium spot market price, but that doesn't really change anything about the long term solidity of BKY's basic investment proposition. This is a buying opportunity, and one I intend to take, but only when the share price has stopped falling and found a floor. Never try and catch a falling knife!
31/1/2017
07:51
herlat1: # First LightBerkeley Energia*# (BKY) - Buy – Quarter of considerable progressMarket Cap £178m Price 68.5p Target 128p Berkeley Energia has today announced the results of its December quarter – a period of considerable progress towards its ultimate goal of producing low cost uranium from its Salamanca mine in Spain. At the end of the quarter, Berkley had $AU31m in cash and remained debt free. During the period, Berkeley completed its first offtake deal with Interalloys for 2Mlbs U3O8 over a five year period at a price of $US43.8/lb U3O8 – well ahead of the spot price. Berkeley report further interest with other parties at similar terms to those with Interalloys. During the quarter Berkeley also raised $US30m with London institutions in a placing which was oversubscribed and at only a slight discount to the prevailing share price. This first phase of funding allowed Berkeley to both complete the land purchase and land lease for the project and also to place orders for the crushing circuit for the plant and begin proper construction in Spain. The crusher was purchased from Sandvik at a price lower than expected from the DFS and bodes well for further optimisation and the final capital costings for the project as part of the front end engineering and design being undertaken by AMEC Foster Wheeler. Berkeley continues to talk to a range of potential financing partners to finance the remaining capital required to build the mine and who are interested in taking a strategic stake in the mine. These potential partners are currently undertaking due diligence. Perhaps one of the most important developments at the end of the quarter (and into this year) has been an improvement in sentiment in the uranium market with the spot price increasing and utilities beginning to enter the market again looking for longer term supply. We see this improvement continuing as existing demand renegotiates supply contracts and new demand enters the market, especially that from the large number of new reactors being commissioned and built (e.g. in China). Berkeley's mine in Spain is well placed to benefit from the expected increase in price as it commissions and reaches full capacity. We retain our Buy recommendation and 128p price target as Berkeley moves positively into the new year.
14/1/2017
18:18
kingston78: 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.
02/10/2016
08:58
herlat1: 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.
20/5/2016
21:30
herlat1: QP/kreatureIn response to your two questions:The spot price is US$29 up 15% in a month ( a bit like the BKY share price)and yes i have emailed the Company about the press articles on the appeal.
07/1/2016
10:57
quepassa: herlat1. Do you think Berkeley can raise the necessary $81m if the share price remains at this level? The repeat RNS's and increases to broker share price forecasts are having no discernable effect and impact on the share price in such a highly negative market. What potential investors want to see in my opinion is concrete news on the financing which was again sadly lacking in today's RNS. It is glaring that Berkeley have apparently all the licenses and permits etc etc in place but no concrete news of financing. Where is the money? Resources in the ground are just that without the financial resources to dig them out. Seems to me that we have a classic Catch-22 situation. A higher share price is needed in my opinion for funding. And funding is needed for a higher share price. My guess is that Berkeley's funding plans include raising equity and that, in my opinion, needs a much more buoyant share price which is looking unlikely in my opinion in such a negative market. What's your ( not snowflake's ) view please? ALL IMO. DYOR. QP
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