Berkeley Energia Share Discussion Threads

[andonis] 16/3/2011 20:31

if this does not stop at 50p then 20p is next..

[piedro] 29/10/2010 20:56

I have listed the following major holdings:
29/12/09... Anglo Pacific Group............. 17,118,273
27/01/10... Metage Capital.................. ... < 5%
12/02/10... Commonwealth Bank of Australia.. 12,047,324
26/02/10... Polo Resources.................. ... < 3%
05/07/10... Dundee Corporation.............. 19,799,790

[martylangan] 29/10/2010 13:59

Do Polo still own any BKY? I know they disposed of a load in Aug last year but not sure if they still holding?

[smellyjim] 29/10/2010 13:38

should a kept mine! well done.

[piedro] 29/10/2010 13:27

That would be my second guess.

[martylangan] 29/10/2010 13:17

Could it be Polo?

[piedro] 29/10/2010 13:01

The Company has therefore resolved to issue a total of approximately 3.3 million shares at an issue price of A$1.45 per share to a sophisticated investor for gross proceeds of approximately A$4.8 million. Should Severstal decide not to proceed with a takeover bid for the Company, Berkeley has the option to issue approximately 7 million further shares at an issue price of A$1.45 per share for gross proceeds of approximately A$10.2 million to the same sophisticated investor at any point on or before 31 January 2011, subject to shareholder approval. As consideration for the placement, the Company will issue 200,000 shares to the sophisticated investor or its nominees.

Who is the sophisticated investor who has agreed to take 10.3m shares at A$1.45 if the deal fails?

APF hold 17.1m, (11.2%), of the 153.3m in issue
If its them and the deal fails,
then they would have 17.1 + 10.3 + 0.2m = 27.6m
of, 153.3m + 10.3 + 0.2 = 163.8m ..... ie., 16.8%

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Maybe I'm being greedy, but I can't help but feel this is a take-out on the cheap.
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What do you value the company at?
Severstal is being offered
..... 16.3m @ A$1.7 = A$ 27.7m
.. + 153.3m @ A$2.0 = A$306.6m
.. ..+ 3.5m @ A$2.0 = A$ 5.5m
TOTAL ............. = A$339.8m (£212.4m)

Does seem cheap but so is uranium at the moment

[jimbo55] 29/10/2010 11:09

My gut instinct is to vote against this offer. It's currently looking in the ballpark region of £165 million, and that seems too low for a company with this kind of Uranium prospect against the current spot price backdrop.

Maybe I'm being greedy, but I can't help but feel this is a take-out on the cheap. I must admit to having been sleeping on the job with BKY (just been letting it slow-burn), so need to come up with what I perceive to be fair value over the weekend.

I'm always dubious of initial takeover offers. They are usually too low. I, for one, will be voting against this initial offer.

[wassapper] 29/10/2010 10:48

at approx 123p per share if it goes ahead so that looks like it!

[mikkydhu] 29/10/2010 10:45

Possible take over by Severstal just announced.

[robson1974] 10/8/2010 00:22

KEPCO to fund Berkeley

[jimbo55] 25/5/2010 12:41

Good question andrbea. Answer is, who knows? Logically, with the resource in Spain, I guess a listing on AIM makes sense. Uranium is out of vogue as an investment right now (I know, as I put money into GCL in April and have watched it sink ever since). That's not to say it won't be in the future though.

I guess the TSX listing comes down to Canada being a mining oriented economy (with more knowledgeable mining investors), whereas the UK investing crowd seem to be behind the curve with the news when it comes to mining stocks. For example, many are chasing Gold at the moment, but far less are looking at Uranium or Rare Earths. Rare Earths are something to be incredibly bullish about as an investment in the immediate future, but I doubt the majority of UK investors have ascribed them any major significance. It'll only be when the cost of consumer electronics increase markedly, if China restricts Rare Earth exports, that a wider audience will make the connection and start to take note.

[andrbea] 25/5/2010 10:05

question:

will this share stay listed in London by end of 2010 ?

reason (earlier post no. 6): Berkeley moves onto the Toronto Stock Exchange ...

[jimbo55] 25/4/2010 21:15

Cancel that last question Folks. It's Polo Resources. Just read about Polo's December swap of Marenica shares for Areva's stake in Berkeley.

[jimbo55] 25/4/2010 21:12

Evening Folks (for the few who are likely to be looking at this thread anyway).

Wow, it's like a morgue here! Amazed this is still so "under the radar" of the PI crowd given the potential here. Quiet bulletin boards are a good sign for me, indicating the mob has not yet arrived.

I've done some due diligence, and satisfied myself with the management team, the resource potential (steadily being moved to "Measured" from the "Indicated" JORC Category), and the likely cash position. Just one question about Stephen Dattels. There was a post above stating he was on board, but I notice he resigned from the BOD last September. I assume he now has some kind of holding in the company? Just to save me trawling through a stream of RNS's, please could somebody be good enough to let me know the name of the 'vehicle' he's using for his stake in BKY?

[smellyjim] 13/4/2010 07:52

looks like this one going to have a decent day, already marked up and another whopper of a buy.

[smellyjim] 12/4/2010 20:54

so presume shareprice is gearing up for TSX quote. Stalker and Dattels on board from the great Uramin.

[smellyjim] 12/4/2010 20:52

"Which all takes the story around to Ian Stalker. He worked in senior executive roles at ZCCM, Ashanti Goldmines, Caledonia Mining, Gold Fields, and was CEO of Uramin from late 2005 until it was acquired by Areva. Stalker turned skill and luck to account when he cashed out of Uramin and will no doubt be regarding Berkeley as an opportunity to build a serious uranium company.
Berkeley Resources has 26m pounds of 450 parts per million uranium oxide at its Spanish projects; analysts familiar with the company reckon this resource will potentially triple in 2010 as Berkeley moves onto the Toronto Stock Exchange, and into production at around 2m pounds a year by 2012.
Berkeley's Salamanca project would be the restart of an old mine, one shut down in 2000 by Spanish state company ENUSA following sustained low uranium prices. Relative to other projects with a similar deposit base, Salamanca rates as very low cost on capital expenditure, with operating expenditure likely to be around USD 30/lb. Dattels is a shareholder in Berkeley."

[smellyjim] 12/4/2010 20:43

sorry for late response flyhigh but only just seen your reply.

I'm the same as you and about to start a more in depth look of BKY, the huge buy everyday alerted me along with the chart breakout. Seems somebody with serious money is expecting big thinhs here, probably a resource upgrade coming.

[smellyjim] 12/4/2010 20:36

Another day, another huge buy. Something big happening here, suspect a damn big resource upgrade. My last 2 purchases have had to be done by telephone as little stock seems to be around.

[speed camera] 12/4/2010 12:36

chugging up nicely (from the lone voice here)

[flyinghigh2] 12/4/2010 12:03

smelly jim,

Saw your post about this over on AYM. What are the key plus points to this?. Aboiut to start some research as the chart looks great. Hoped you could point me in the right direction.
Cheers.

[here and there] 12/4/2010 11:13

John Young, CEO of Marenica Energy, is talking to investors in Europe this month and is considering coming to London to give a lunch update via Conduit PR. I have been in communications with him, indicating the interest UK shareholders have in his ASX listed company. Anyone interested in attending or listening in to the update please send me an Email to hereandnow @ live.co.uk. Please indicate if you are a shareholder or prospective shareholder'(delete gaps in email address-trying to stop spamming)

[smellyjim] 12/4/2010 08:49

yes somebody loves this stock, some huge buys of late. Any price targets, broker notes?

[speed camera] 08/4/2010 08:07

chugging up nicely ... new high