Berkeley Energia Share Discussion Threads

[herlat1] 24/12/2015 14:52

QP your not so subtle jibes at anything positive are so very transparent.Once again - you are not a shareholder and so please do share with us - why you are posting on this board?

[quepassa] 24/12/2015 10:10

For completeness:-

page 7 of link kindly provided by SB:-

QUOTE

When it comes to predictions for the next year or so I find myself in more of a dilemma than usual. I’m confident that demand for new reactors will show further growth, but it might be that countries such as Kazakhstan continue to supply the market, almost regardless of price leaving the relevant share market somewhat stranded.

George Baird. Chairman 30th. November 2015.

UNQUOTE


One cannot perhaps ignore the views of the Chairman of a specialist uranium investment trust.


ALL IMO. DYOR.
QP

[stevie blunder] 24/12/2015 09:59

Here is a link to the report QP referred to



And here is what he was referring to AFICS:

" I’m
confident that demand for new reactors will show further growth, but it might be that countries such
as Kazakhstan continue to supply the market, almost regardless of price leaving the relevant share
market somewhat stranded."

Like Snowy says, there are conflicting views. Mine is that Europe needs a large Uranium mine and the low costs here make this a decent investment, if a bit of a punt.

Before anybody asks, I do hold a small stake in BKY and also have an indirect interest through Anglo Pacific.

Merry Xmas all.

[snowyflake] 24/12/2015 09:52

Well it looks like there are conflicting views. Investors should take their pick. It is a shame that Michael Miles is not around.

[quepassa] 24/12/2015 08:55

The Chairman outlook in the recent 2015 Annual Report from uranium specialist investment trust, Geiger Counter Limited, is not particularly encouraging in my view about the outlook for uranium prices. - They point to Kazakhstan which has the 5th, 7th and 10th largest producing uranium mines in the world as offering stiff and cut-throat competition.

ALL IMO. DYOR.
QP

[herlat1] 22/12/2015 23:51

Gear Up for a Violent Uranium Price Spike: Cantor Fitzgerald's Rob Chang Source: Kevin Michael Grace of The Energy Report The price of uranium is still in the doldrums, but that will change soon-and violently, says Rob Chang of Cantor Fitzgerald Canada. He predicts that prices could triple in the next few years, and highlights a half-dozen equities that will likely supply the increased demand and thereby deliver multiples to investors.

[herlat1] 22/12/2015 23:29

I am a shareholder like everyone else on this Board except you three, albeit more recent than others.It is not your credentials i am questioning - it is your intentions. You are clearly not a shareholder and so the question remains - why are monitoring and posting on this Board?

[piedro] 22/12/2015 20:53

herlat1,
seems you have a problem

my credencials go back to ...

Piedro 2 Dec'09 - 00:46 - 53 of 240
Scoping Study confirms outstanding potential of the Salamanca Uranium Project
02 Dec 2009

... and yourself?

[quepassa] 22/12/2015 19:09

herlat1... whoever you are, wherever you are....please explain why you have only ever written 16 posts and all on this bulletin board

come clean. what is your motive?

me, piedro and langostino the holy trinity!! i am rolling on the floor with laughter.

QP

[herlat1] 22/12/2015 18:21

QP, Piedro, Langostino... whoever you are.. ..whether the holy trinity or merely three mortals....you are not shareholders and so please do explain why you are taking the time to monitor and post on this Board?

[herlat1] 22/12/2015 16:49

Piedro Same question.. You are not are shareholder so why are you posting on this Board?Or are you QP (and Langostino..?) in disguise?Please do share with us...

[piedro] 22/12/2015 16:37

Have all shareholders received this note from the company?

Dispatch from Beijing: China’s Nuclear renaissance is well underway and has a very long way to go
Managing Director Paul Atherley has been in Beijing last week catching up with his contacts in the Chinese Government and the Energy industry. ... ...

:-}

[Edited]

[herlat1] 22/12/2015 13:43

Hahaha QP! Why dont you come clean and tell everyone why you are posting on this Board. You are not a shareholder, nor are you a short and you know absolutely nothing about finance.So come on tell us ...We are all waiting...

[quepassa] 22/12/2015 13:39

You are absolutely right. It's a lot safer to see the financing in place.

ALL IMO> DYOR.
QP

[philjeans] 22/12/2015 13:23

No rush - it all takes time.

So if you want to wait until the finance is all in place - fine. The shares will be at least three times as expensive on the announcement. Everything else is covered.

I agree - that's a lot safer.

But rather more expensive.

Your choice - I'll take the risk.

[quepassa] 22/12/2015 13:16

It is one thing having the uranium resource.

But do they yet have concrete financing in place to fund the necessary initial $81million to bring the project to realisation?

Saying they are inundated with financing offers is great. But let's then see the colour of the money and concrete details of the financing.

Without firm financing, how can they initiate the project?

If they say they are inundated with financing offers, let's see something firm. Soon. That will add comfort.

The share price charged up to 30p and quickly fell back to c. 22p. That would not help an equity fund-raising.

Financing is tough for mining companies at the moment.

My guess is that the market needs to see concrete details of their financing before long.

No $81m financing. No project.

We have had the talk AND THE RNS's about the uranium deposits.

We have had the talk about the financing but where are the RNS'S that they have secured firm funding?



ALL IMO. DYOR.
QP

[philjeans] 22/12/2015 12:47

Not much free float around as Institutions soak up any sells.

This may be why;

Zona 7 transforms Salamanca project economics

Inclusion of the high grade Zona 7 deposit into an updated Pre-Feasibility Study has transformed the economics of the Salamanca project.

The project now has a Net Present Value of US$871.3 million (GBP580.9 million) with an internal rate of return of 93% based on a discount rate of 8% and a long term uranium price of US$65 per pound.

This valuation represents around GBP3.22 per share on an undiluted and unfinanced basis compared with the current share price of around GBP0.22 per share.

Managing Director Paul Atherley commented:

"These outstanding results very much support the Board's decision to rapidly push ahead with the development of the project.

With the major approvals in place and discussions with potential financiers underway we are expecting to commence site works in mid-2016."

As previously reported, Zona 7 is a shallow, high grade deposit with impressive metallurgical characteristics located within ten kilometres of the proposed processing plant.

Its inclusion in the updated Study has increased the mine life from eleven to eighteen years and reduced the operating costs from US$24.60 to US$15.60 per pound of uranium produced during steady state operations making it one of the lowest cost producers in the world once developed.

In addition to the reduction in operating cost, the capital cost to initial production has reduced from US$95.1 million to US$81.4 million due to the lower cost of developing the Zona 7 deposit and the benefits of currency depreciation.

Paul Atherley commented further:

"We believe that the potential exists for further discoveries of Zona 7 style deposits and are finalising an exploration programme to commence in the New Year which will follow up a number of near surface, high grade drill intersections, located within ten kilometres of the plant that have not yet been fully evaluated

[liambilson] 22/12/2015 12:40

That's more like it !

[snowyflake] 21/12/2015 17:20

Do not worry. There are several bricks to go into the wall that is being built before the wall is complete.

[captain james t kirk] 21/12/2015 16:56

herlat1 and Snowyflake

Thanks for the replies and tread carefully.

[herlat1] 21/12/2015 15:14

On a much more encouraging note the Chinese just announced a deal with Fission Uranium at a 50% premium to current share price!!

[herlat1] 21/12/2015 14:47

Snowyflake Whichever coalition gets formed Podemos will either be a minority party of the ruling coalition or in opposition. Berkeley appears to have all its major permits in place and so hopefully they will just get on and create the 2,500 jobs they are talking about whilst the politicians squabble in Madrid.