Berkeley Energia Share Discussion Threads

[herlat1] 11/5/2017 16:08

What site visit was that PJ?

[pj 1] 11/5/2017 15:55

Nice to see 2 Blue days for a change!

Slight disappointment that the proposed site visit has been put back to September, which obv raises certain possible questions, perhaps reflected in the sell off, who knows?

[marnewton] 11/5/2017 13:39

Pearls before swine;¬)

M

[shavian] 11/5/2017 13:01

I ad one of them Dojis in me garden yesterday, but it flew off before I could catch it

[marnewton] 11/5/2017 11:34

Piedro, I am buying on AIM, not ASX...not a bad chart though, and I'd have probably been in earlier.

Thanks, marvelman.

tightfist, exactly, stop-loss in place!

As for selling...look at the rise up to January. We were bumping the top of the channel with a series of long shadows on the candlesticks. I hoped we were forming a flag to punch through the top of the channel, but that long black candlestick down had me out. (A warning sign was just how far above the yellow line - 8 day ESA/EMA - we were.)

I got back in briefly, shortly thereafter, when we were above the yellow line again, but a further warning was negative divergence on the indicators, so out again below the ESA/EMA.

What happens this time around depends, but keep an eye on the 8 day ESA (EMA is it's nomenclature on ADVFN's HTML TradingView charts.

M


EDIT: A higher low/higher high would confirm a change in trend. The initial higher low may take out the ESA, which is why I have a lower stop-loss at 40.00p.

[tightfist] 11/5/2017 11:13

Thanks Marnewton for your charting view, another tool in the investing armoury. Not 100% reliable for sure but often gives a guide and certainly a rational framework to get out if it all starts going wrong!What signals do you use to take profits?Cheers, tightfist

[marvelman] 11/5/2017 10:34

Very true Piedro and I wouldn't give a lot of credence to the current chart pattern overly influenced by a very potent forced seller. When the share price is on a normal trend pattern however they become quite useful as appears to be the case in the two charts in the header above.

[piedro] 11/5/2017 10:21

LOL !!!!
That's the thing about charts - everything depends on how they are drawn ...



... each to their own.

AIMHO

[marvelman] 11/5/2017 09:25

Good to have a very knowledgable chartist on this thread...many thanks Marnewton

[marnewton] 11/5/2017 09:11

Having sold out in the high sixties in January, I bought back yesterday.

My decision was based on finding support around 42.00p with a series of dojis, followed by two strong closes above the 8 day ESA (yellow line).

Daily and weekly indicators are on the whole bullish and ParaSAR has Stopped And Reversed.

Initial resistance is the falling 50 day SMA (blue line at 49.90p).

My stop-loss is 40.00p or two closes below the ESA (yellow line).

M

Log scale daily candlestick chart:

[marvelman] 11/5/2017 08:42

Getting excited now. Nice steady buying as confidence increases that the seller has been exhausted leaving the share price with a great deal of upside. The seller gone and the permit judgement having gone in our favour now make this a much more attractive proposition.

[wiseacre] 10/5/2017 12:03

Back on track: onwards and upwards!

[zebbo] 09/5/2017 23:08

Added another 25k, great Q&A session, stock overhang cleared so should start to move back 50p+ v soon.

[marvelman] 09/5/2017 14:18

Main shareholders as at December 16

www.berkeleyenergia.com/wp-content/uploads/2016/12/top_holder_-_detail_-_single_date-13.pdf

[marvelman] 09/5/2017 14:12

...however, the share price does seem to have formed a base in these low 40's and there surely are not many around who will be making any profit from selling at these levels.

[marvelman] 09/5/2017 14:09

...but unfortunately it does still look as if our seller is slipping the odd 10k and 5k at every opportunity ish I knew how many he had to start with so we could have an idea of when he will be finished.

[marvelman] 09/5/2017 14:04

Added 7000 this morning....seeing some green shoots springing up in the SP

[stefaniasb] 09/5/2017 11:27

BULLISH: URANIUM PRICES GOOD NEWS
Although the market has been focused on Japanese reactor restart process, focus should really be on the potential reduction of spot uranium prices in 2017 and beyond.

A few companies and for Kazakhstan, the Government entity Kazatomprom, have announced that they will be removing uranium production that is sold at spot price in 2017. In the case of UR-Energy and Peninsula, these companies are buying uranium at the spot market to deliver into their long-term higher priced contracts, thereby saving their in-situ uranium resources.

Paladin recently announced that it will hold a conference call on May 17th to update the market on the Langer Heinrich discussions with CNNC. Langer Heinrich is 25% owned by CNNC, 75% owned by Paladin, and produces about 4 million lbs of uranium per annum which is sold into the spot market. If CNNC is a successful buyer of the remaining 75% of Langer Heinrich, this would take another 3 million lbs of uranium out of the spot market.

About 12 million lbs of uranium coming out of the market this year, or about 8% of the world’s production. This could be VERY BULLISH for the spot price of uranium in 2017.

The wild card in H2 2017 is coming from Kazatomprom. The company is setting up a Swiss trading arm to buy uranium at spot prices and sell at term prices in order to close the $10 gap between the spot price and term price. As an IPO is believed to be in the minds of Kazatomprom in order to bring more hard currency into Kazakhstan, it is in the best interests of Kazatomprom to see the price of uranium much higher. This is similar to how Saudi Arabia views the price of oil as the Saudi’s prepare for the listing of Saudi Aramco in 2018.

Link to the Kazatomprom listing article is here: www.bloomberg.com/news/articles/2017-05-02/opec-teaches-world-s-top-uranium-miner-how-to-handle-price-crash

[tightfist] 09/5/2017 11:16

Thanks too Bookworm for the brr link, a really solid communication from Paul, seemingly very straightforward just as I found him at the Show on 1st April.ETF activity and the mismatch of ETF/equity liquidity is a real pain, and is unlikely to go away when one considers the speculative nature of Uranium investing? If we are confident we could look at it positively as providing buying opportunities..... I suppose we can be more nimble than the institutions?Cheers, tightfist

[goodgrief] 09/5/2017 09:53

Yes... mixed blessing being included in an index a uranium ETF follows. Hot money powers the share price up, but down it comes equally fast.

[marvelman] 09/5/2017 09:51

I must say Paul Atherley sounded very confident about the future and my perception was that it was without constraint.

[marvelman] 09/5/2017 09:46

Thanks Bookworm...very unusual to get such a forthright explanation regarding share price movement directly from the company