Berkeley Energia Share Discussion Threads

[saucepan] 01/2/2017 09:49

bookwormrobert: To raise cash to buy back cheaper in a placing?

(not implying this is necessarily going to happen here).

[bookwormrobert] 01/2/2017 09:44

Serious question - why on earth would anybody sell this share, given its fundamentals? (I mean, short of needing the money to eat, etc.)

[marvelman] 01/2/2017 09:39

That 100k sell showing after hours yesterday seems to have knocked the share price this a.m....but gave me chance to add at a sensible price. Patience needed now but not a lot given the news stacking up. Uranium is certainly the place to be in commodites right now.

[goodgrief] 01/2/2017 09:03

Uranium price rising nicely...

[bookwormrobert] 31/1/2017 09:02

Excellent quarterly update today, full of positive news. I just doubled my long term investment in BKY on the back of it.

One question for all: why is the AIM quote always approx. 5% less than the ASX quote? I'm not complaining about it, but why?

[marvelman] 31/1/2017 07:58

Thanks for that herlat. Looks like we are in the right place at very much the right time.

[herlat1] 31/1/2017 07:51

# 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.

[marvelman] 27/1/2017 13:28

Clearly there are some deep pockets around this share...15,000 buy not insubstantial at full asking price.

[liambilson] 27/1/2017 11:34

There already has been a quantum leap!!! Up 50% in a month! Hardly gradual. Much more to come though and I agree with you on the other points.

[kingston78] 27/1/2017 10:05

I think the share price will move up gradually as more investors realise the attractive value of this company. There will not be a quantum leap until a big event happening, such as another big institutional investor coming on board, discovery of further uranium deposits, a jump in uranium price etc.

We should wait patiently as the company makes progress to deliver its operational plan.

[jswjsw] 27/1/2017 08:49

AH - they did what I told them!!!

Still a bit too low kiddies (=MMs).... come on now ... back in yer box ...

Actually none of this is the point when NAV is about three times this - and if UOx continues, it will be a lot higher.
5-bagger anyone?
j

[jswjsw] 27/1/2017 08:32

What I'm thinking of is the daft discrepancy of 5.5p between the UK and Oz. (8.4%)
Wake up MMs!!!

j

[rvsy38] 27/1/2017 08:32

I can't understand the nearly 10% discount to the ASX - ideas anybody ?

[marvelman] 27/1/2017 07:56

....what were you thinking of IH........-:))

[ih_140496] 27/1/2017 07:47

I mean the asx!!

[ih_140496] 27/1/2017 07:46

Up on the sax yet it stays the same price in the uk.?

[vatnabrekk] 24/1/2017 18:42

Deleted - wrong BB.

[altom] 24/1/2017 12:11

Piedro. Would you please explain 'dead man's nose. Is that good to bad ?
I am a new holder of BKY but am quite excited for the future.

[piedro] 24/1/2017 11:48

Chart pattern: "Dead man's nose"

:-)

[jswjsw] 24/1/2017 11:31

Hi herlat -
yes
113.5 cents mid.
…so momentum on Oz chart looking to 136 cents pretty soon = 83p
next step…
j

[herlat1] 24/1/2017 05:57

Wow! Trading at ~69 p in big volume on ASX.

[kingston78] 20/1/2017 13:38

Looking at the share chart I would say that there is a 20 p range, ie 0-20, 20-40 and 40-60. 60p should hold and the price will go up to 80p.

Nothing goes up in a straight line forever. Profit taking is normal. When this happens market makers will mark down the price more drastically than marking it up when there is a buying squeeze.

We should look at it as a long term investment. The maths stacks up for BKY. If it could make a decent profit at a low uranium price it will make a huge amount of profit when uranium goes up. Producers become wiser by reducing production and supply and this trend will continue pushing the selling price.

£ 1 a share is my minimum target by June 2017. Good luck.

[marvelman] 20/1/2017 09:15

Thanks for that JSW...

[jswjsw] 20/1/2017 08:40

Aus dipped to 98 cents, then closed at 103.5 = 63.4p mid
URU up 17% - think we may be about to wave the 50s behind again...
j

[greedfear] 19/1/2017 13:40

Well, guess the U-stocks needed a reason to cool off a little and Cameco just gave one (market expectations for 2016 results too positive). Profit takers and lemmings.

Not one single U-stock will show good 2016 results. Did the market not know that? Come on! People seem to forget so soon that it's not about what was, but what is to come.

2017 will be a great year for U. Positive sentiment will return once people realize they already knew 2016 was lost and U-stocks have done great because of the prospects from 2017 on.