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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
  -0.325p -2.97% 10.625p 10.50p 10.75p 10.625p 10.625p 10.625p 1 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.6 -2.7 -0.8 - 27.46

Berkeley Resources Share Discussion Threads

Showing 2351 to 2373 of 2375 messages
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older
DateSubjectAuthorDiscuss
05/12/2018
07:07
Took a gamble and bought some yesterday, if permit lands share price 3 bags...simple really. If not....well that's the gamble ;-)
laptop15
04/12/2018
11:56
luckily I jumped out of these and only look in occasionally. Good luck.
ukgeorge
04/12/2018
11:44
re yours 2316 You just stated opinions, so BIG need for IMO or DYOR.
quepassa
04/12/2018
11:18
You just stated facts, so no need for IMO or DYOR.
ukgeorge
04/12/2018
10:49
This share hit a 5-year high last year on 1/1/17 at c. 68p. It now appears that the share price has now plunged to a 5-year low of c. 11.5p. ALL IMO. DYOR. QP
quepassa
28/11/2018
09:27
Dunno if the rumoured press reports in El Confidencial yesterday are true about Berkeley consulting lawyers about potential litigation and arbitration on outstanding licenses but if they are, it shows potentially just how dire things have become. In my opinion, there is nothing that shareholders hate more than the potential distant whiff of multi-year legal actions hanging in the air. Good Luck to Berkeley but potentially taking on the Spanish establishment through the Spanish Courts is quite something and if they go for it, likely to be lengthy and costly with an indeterminable outcome. ALL IMO. DYOR. QP
quepassa
26/11/2018
14:15
Nope Mrpiggy - That was not my link. This was: The 258 million shares with which the Australian mining company Berkeley began, on July 18, its quotation on the Spanish Stock Exchange, are practically worthless four months later. Those 845 million euros of value reached by the titles at the beginning of August, when they came to trading at 3.27 euros, have evaporated. At the close of the session on Tuesday, the 0.148 euros that were worth the shares left the Australian listed company in a meager capitalization of 38 million. "We are going to make the best mine in the world in Salamanca" A hecatomb on the stock market that turns into a wet paper the optimistic prediction launched by the CEO of Berkeley Energy, Paul Atherley, who on the day of his debut at the Madrid parquet dared to ensure that "we are going to make the best mine in the world in Salamanca". Four months later, everything remains bogged down around this project. And nothing presages that, in the short and medium term, the necessary urban planning license will be granted by the Retortillo Town Hall in Salamanca, nor that the Ministry for Ecological Transition will proceed to authorize mining exploitation. Radiological risk assessment Prior to the decision of the department headed by Teresa Ribera, the mandatory report of the Nuclear Safety Council (CSN) must be evacuated, an organization that is still waiting for Berkeley to provide the requested information on the installation, related to the evaluation of radiological risks. In addition, the European Union must issue an opinion on the disposal of radioactive waste in accordance with Article 37 of the Euratom Treaty, when it affects another member country, such as Portugal. The new 'boom' of uranium goes by long All these uncertainties are causing Berkeley is not being able to take advantage of the 'boom' of uranium that is occurring in recent months, coinciding with the IPO of the Kazakh company Kazatomprom, the largest producer in the world, the shortage of product caused by mine closures since 2011, after the Fukushima nuclear accident, or expectations of a renewed bid by China for nuclear energy. Circumstances that have taken the price of this raw material to rub the current 30 dollars per pound, 45% more than seven months ago, when it touched annual minimums around 20 dollars. Prices are still far from the $ 72 that marked the uranium before the Fukushima accident, but with a willingness to raise thanks to the support of investors. The Salamanca mine, a matter of State In addition to not holding on to this rise in uranium, Berkeley is seeing how its project in Salamanca has become a matter of State, with the added pressure for the Spanish Government that Portugal also wants to be a participant in the environmental reports issued on the mines of Salamanca projected by the Australian Berkeley, given the proximity of the same to its territory. So high is the concern of the Portuguese authorities on this matter that the issue will be one of the issues addressed this Wednesday in Valladolid, within the framework of the thirtieth Spanish-Portuguese Summit, headed by the Prime Minister, Pedro Sánchez, and the President Luso, Antonio Costa. Portugal, antinuclear and without uranium mines In the preparation of this summit, on November 8, the representatives of the Spanish Government assured the Lusos that the approval for the Berkeley mining complex in Retortillo is far from occurring. In addition, it is taken for granted that Portugal, which resigned in the seventies to host nuclear power plants in its territory and decided to close the uranium mines at the beginning of the century, shows its disagreement, when it has to pronounce itself, on the risks of exploitation mining a stone's throw from some of its towns near the Spanish border.
langostino
26/11/2018
12:14
What a load of bunkum!
vatnabrekk
26/11/2018
10:04
Here’s langostinos link translated to English.... I hope it’s useful. Berkeley, the Australian company listed in Spain with a 'ghost' mine The Government paralyzes the project in view of the nuclear and environmental risks that would lead to the exploitation of the uranium mine in the Salamanca municipality of Retortillo The uranium mine project that the Australian company Berkeley wants to exploit in Salamanca is the most bizarre. Everything seems false. The company, its actions and even the very project, which has been wandering the charro field for more than a decade without starting, or looking like it will. But putting the long teeth to the parishioners, with the hook of the creation of thousands of jobs The license is neither expected nor expected Neither has an urban license nor authorization for its construction. And, to top it all off, the arrival of the new PSOE government has finally ended up paralyzing the project, destroying the already scarce possibilities that had to take it forward. Just a month and a half after taking office in June 2018, Teresa Ribera, the head of the Ministry for Ecological Transition, received a report from the Nuclear Safety Council (CSN), which left serious doubts to the future management of nuclear waste in the project proposed by the Australian Berkeley in the Salamanca town of Retortillo, a stone's throw from the border with Portugal. Covert warehouse of radioactive waste Nuclear Safety explained in that report that Berkeley intended to fill the gap left by the mine with "waste from the mine itself and other uranium ore concentrates from a radioactive nuclear fuel cycle facility located at another site." According to the CSN, it would mean converting this hole into a "definitive storage of radioactive waste." Reason why he decided to call for a stoppage. Minister Ribera herself dropped a month ago in Congress that, from now on, it would be the Government itself that will process the environmental assessment of the Berkeley mine, taking the witness of the Junta de Castilla y León. He reasoned on the basis that it is a matter that may affect the nuclear safety of Spain and also, in response to the objections shown by Portugal that a project of such characteristics is undertaken alongside its territory. Google Translate https://translate.google.com › translate
mrpiggy
21/11/2018
19:13
hTTps://cronicaglobal.elespanol.com/business/mina-fantasma-berkeley-desangra-bolsa-pierde-817-millones_201079_102.html
langostino
12/11/2018
14:05
Taken from the old mater invester link below. Another is that Spanish press reports assert that Salamanca does not yet have all the necessary permits to mine, while there is also local opposition. In light of the employment benefits Salamanca will bring (and in the similar case – now resolved – of the old Rio Tinto mine which is now in production but went through a similar phase), such a risk seems minimal. www.google.co.uk/amp/s/masterinvestor.co.uk/commodities/berkeley-energia-another-sirius-mistake/amp/
mrpiggy
12/11/2018
13:47
Its all a question of wether the exploitation license will be granted or not Nick, it's as simple as that. IF its granted then ALL holders will make multiples of what they paid irrespective of wether they paid todays price or 60p. The Spanish government has to decide if it can afford to let this rich source of revenue slip through their fingers not to mention the lost jobs and the revenue that generates. I was reading over the weekend about another uranium project that had similar problems but eventually got an exploitation license ( I'll post it if I can find it). The question is can Berkeley avoid insolvency waiting for this to be granted or not. If they can then I will happily pile in irrespective of wether I have to pay multiples of the share price when the decision is made. It won't be too long until the Chinese use up the the glut of Uranium on the market and there are very few producers left to supply the market therefore uranium prices will rocket. If it is eventually granted then it will be sweet for the company and all holders due to the grades, volume and its location in Europe plus the infrastructure that is already in place. Downside as someone quite rightly posted is its location on the Spanish Portuguese border which will compound the delay.
mrpiggy
11/11/2018
19:03
cheers Mrpiggy for the detailed response and everyone for the subsequent comments. Doesn't look good at all then.
nick rubens
11/11/2018
16:45
Well the land got cleared of the horrible old oak trees. So every cloud. Perhaps some nice new houses can go there now ?
kreature
11/11/2018
16:35
I wonder what the expression” the project awaits the delivery of relevant information by the promoter to the Spanish authorities “ means ? In a press release on 15th October Berkeley reported that they had supplied all outstanding information required by the Spanish Nuclear Safety Council. I am surprised that the author of the original article was not aware of this. I guess this is an example of yet more misinformation and mischief in Spain?
57teg
11/11/2018
10:15
Google tranlation of key part of the above. "At the meeting, the Spanish representative provided information on the Almaraz nuclear power plant and responded to "all the questions and petitions presented by the Portuguese authorities" on the matter, in addition to presenting a "meticulous" location of the Uranium Retortillo. "At the moment, there is no authorization to exploit the mines and the project awaits the delivery of relevant information by the promoter to the Spanish authorities. It was assured that Portugal will be part, through notification and consultation, of all the following steps "the statement said. Also link giving location of proposed mine to the Portuguese boarder - IMO th e timeline has just lengthened significantly due to cross boarder implications.
pugugly
11/11/2018
09:07
hTTp://agencias.abc.es/agencias/noticia.asp?noticia=2964936
langostino
09/11/2018
21:30
Another AIM disaster then?
kreature
09/11/2018
21:14
It does seem a very unusual situation Nick, when a company is given an exploration license and proves up a resource then the exploitation license is pretty much nailed on but apparently not so in this case. I posted here a couple of months ago warning what I had been told by a Portuguese national, he said it was a massive gamble because in his opinion the mine will never be built. He said that there is massive objections to it ever going into production because of contamination to water supplies and animals and cancer clusters with people living around uranium mines. I misunderstood what he said about uranium and the war and wrongly assumed he meant the Germans were mining it at Salamanca when he was actually referring to the Americans who sourced it from the Belgian Congo and to a lesser extent USA and Canada but due to dated mining techniques and poor health and safety there was massive contamination. It would be fair to say that the people around Salamanca and also the Spanish government have researched it and are clearly worried about the possibility of contamination. At the time he warned me of this the share price was in the 40p region and it would appear his warning was valid. He said if it did go into production then it would be many multiples of where it is now but in his opinion a HUGE gamble. I am not a holder here but I’ve had BKY on my watch list for way over a year. IF the exploitation license is ever granted then this stock will rocket and I’ll pile in feet first but without the license then I’m afraid that what FSAwatcher is telling you will come to fruition. It sounds like it may be a very long drawn case.
mrpiggy
09/11/2018
13:55
What's actually happened here? Years and much money spent developing a project that isn't being allowed to happen? Or is it more complex than that?
nick rubens
09/11/2018
11:47
Resource Capital Fund V L.P., RCF Management L.L.C and RCF V Annex Fund L.P sellin these like they are house of frazer giff vouchers innit they still got 10m shares anyone wanna them anyones anyone takers i sellin 19m shares in burpley zero..resources look like oman gonna go home man and leave this one to gather dust when it go single digit it gonna look like a middel finger digit
fsawatcher
09/11/2018
10:28
How long is a piece of string? Worth bearing in mind the share price is at a ten year low. The major zona 7 discovery and Berkeley's cash resources stand the company in good stead. It can afford to wait. It has strong local support for the mine's development and the PSOE should not want to punch its constituents in the face. At the macro level Spain has one of the highest costs of energy in Europe and, whatever some of the Greens may say, nuclear power produces clean energy. Though deeply divided on this issue the Government will be under pressure to decide on pure economic grounds. The risk reward ratio is high, but, at this level, the share price upside is much more favourable than the downside. The company could sell out to someone like Areva which provides 80% of French power requirements and would have more clout.
wiseacre
09/11/2018
09:22
Will this large holder continue to sell?? What news this has turned out to be...glad I sold at 49p and 39p after briefly buying back in. Still its tempting to buy a few as a complete punt on the licence....just how long will u have to wait is the only thing bothering me
laptop15
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