Berkeley Energia Share Discussion Threads

[edjgee] 18/12/2007 13:05

GG12, no doubt uranium is the future, no political risk here and potential is increased.Went in too high but holding. Feel sure this will go once realisation hits that alternatives will not deliver and nuclear station construction starts. Don't like the n option but see no other short term . Expect fusion will solve by 2100s and removal to space of radioactive waste too.

[camiladasi] 19/11/2007 11:24

RNS Number:9709H
Berkeley Resources Limited
19 November 2007



19 November 2007


STOCK EXCHANGE ANNOUNCEMENT

BERKELEY INCREASES SALAMANCA I RESOURCES TO 16.9M LBS U3O8
COMMENCES SCOPING STUDY



The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to advise
the results of an upgraded resource calculation for the flagship Salamanca I
project, which includes the Retortillo deposit and the new Santidad discovery:



* Project inferred and indicated resources now total 16.9m lb of U3O8,
an increase of 42%

* These additional resources are expected to have a significant impact
on project economics

* Resource at the main Retortillo deposit increased to 13m lbs at 615ppm
U3O8

* A maiden inferred resource of 2.9m lb at 382ppm for the new Santidad
deposit

* Reducing the cut-off from 200ppm to100ppm increases total resources
to19.6m lb

* Outstanding potential for further increases in resources from
ongoing drilling

* AMC Consultants appointed to commence scoping study for mine
development.

[gg123] 04/10/2007 08:41

very quiet thread for a share on the up

[gg123] 20/9/2007 08:14

like the way this going. someone is building a stake i reckon

[blueblood] 18/9/2007 09:53

Thats a nice buy 75k is not pin money and somebody seems to be collecting a few. Still don't think we've caught up with news yet and if we can clear 60p a run back up towards 90p is likely imho.

[gg123] 10/9/2007 04:31

i do. reckon its good value at this price. uranium spot prices have fallen but am sure they will come back and this stock will benefit.

[blueblood] 07/9/2007 10:58

A few nice buys gone through reflecting the recent Uranium news. Does anybody actually own any shares here!!!

[blueblood] 06/9/2007 08:19

Is anybody here. Looks like good news whats the story?

[edjgee] 27/8/2007 20:36

Thanks wasapper looks like its just us!

[wassapper] 23/8/2007 16:44

You may be interested in a piece written to highlight the next Commodity Watch radio show (which can be found on Minesite)

Hedge Funds Aren't the Problem; They are Part of the Solution

During the market turmoil of the last month there have been many siren voices, some even suggesting that the situation faced by global financial markets is akin to a 1929 crash, with investors encouraged to sell everything. In an exclusive interview for Commodity Watch Radio, it was reassuring to hear from John Mauldin that he believes such comments to be "excessive, and pandering to people's fears."

John is President of Millennium Wave Advisors, LLC a US based investment advisory firm that is focussed on the hedge fund sector. Through a network of partners in places such as the UK, Denmark and South Africa, John Mauldin is probably closer to what is happening in the hedge fund industry than most. Whilst his name may be unfamiliar to some, John is very well known to a broad section of the global investment community through his weekly newsletter which is free and read by over one million recipients. "I've been writing this every Friday night for some years now. It helps me to collect my thoughts and at the same time helps others."

The subject of sub-prime mortgages has been concerning John for the best part of a year now as evidenced in his letters. His principal concern is that the fallout from this sector will affect the US housing market to the extent that it causes a mild recession in the US and he still thinks that we shall see this. A US recession will have perhaps a more significant effect on global markets with "a further 10% downside at least for US equities." It is the reset effect of sub-primes that should cause concern. Most of these 'exploding ARMs' are due to start their resets (to higher rates) over the coming months with the peak being seen through to the end of the first quarter 2008.

When asked if the current liquidity crunch was caused by hedge fund speculation in CDOs that were clearly mis-priced and given AAA ratings by the ratings agencies his answer is an emphatic no. "We have seen a few funds blow up. If there were many more we would probably have seen them by now. I have been calling dozens of people in the industry over the last two weeks and asking them if they have seen major redemptions. They have not." So where does the problem lie? "It is Asian and European institutions that were buying these securities. The major problems have been seen in Europe with the ECB pumping in liquidity and German banks in particular experiencing problems."

John has some pretty radical views of how this crisis might pan-out, anticipating more normal markets by October. Very soon he expects the lawyers to get active and have the ratings agencies such as Moody's and Fitch in their sights. "The ratings agencies will have to answer some tough questions. " As he said in his last letter, "Credit markets function because there is the belief that if you lend money you will get it back. Ratings are the grease for those markets. Now they have become the sand in the gears." His view is that these agencies need to restore credibility and he makes the serious suggestion that Warren Buffet should step in and takeover Moody's. He already owns 19%. He should "put his not inconsiderable credibility on the line for all the future ratings and the inevitable re-ratings that are going to be done."

But how do the markets start to unfreeze? He thinks hedge funds will be a major part of the answer. "Savvy distressed-debt hedge fund managers will look at the paper, and buy it for a discount." The key point here is that whilst significant losses may occur for the owners of this paper, they will at least be able to put a value on it (which they can't at present) and move on. Much of the debt will be redeemable giving the funds that step in a healthy profit, even with modest gearing.

He sees the process as being gradual. Traders have to be very careful in this market. They could easily make career ending decisions if they make the wrong move. "They don't want to put themselves in the sub-prime category!" he says with a grin.

We talked a lot more about the markets, the dramatic unwinding of the Yen carry trade (see chart below), gold, oil and the dollar. To hear more from John Mauldin look out for the next edition of Commodity Watch Radio.

Meanwhile, if you would like to read more of John's thoughts you can subscribe to his free weekly newsletter here.

[edjgee] 23/8/2007 08:23

Blimey, almost down to issue price, sub prime factor helping. Resurfacing Sprime probs may push down later. Co got some good news prev too.

[edjgee] 10/8/2007 08:44

Eventually taken the hit, but at 70 worth an add.
Back to minus latest good news level. Any lower looks good value to me imo.

[edjgee] 19/7/2007 17:28

ibarty
they're holding up well considering big previous rises and uranium price.

[ibarty] 12/7/2007 15:38

Over night the shares were up 9%, in quite good volumes. Hopefully good news in the wind???

[edjgee] 29/6/2007 13:47

Wassapper This is is up in a falling market so I'm in with you all riding U. Althought fission is risky I see no longer energy alternative for carbon stuff satisfaction. One or two more hopeful results will push this up too as long as U hype does not dissipate. Fat prophets like it, better not argue!

[wassapper] 28/6/2007 13:38

Some thing U may drop back in price temporarily. Others think the rise wil continue with spikes to over $200 per lb this year.

Who knows. The demans for U will coniue to rise and supply is constrained. Spain is safe politically.

The company recently raised cash for more drilling so you can expect some but not sure when.

There are some further results pending - see last news release.

[edjgee] 28/6/2007 13:34

I feel like divng in but have been caught out once before. Will uranium madness prevail or will this drop back to 75 or so?
Any drill results coming soon etc. Glad of any views, opinions.

[wassapper] 22/6/2007 08:28

Some pretty good shallow results issued today

22 June 2007



BERKELEY RESOURCES LIMITED


INITIAL DRILLING RESULTS CONFIRM SAGUAZAL POTENTIAL




The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to announce
the initial results of the current drilling programme at the Saguazal project in
Caceres Province, Spain. This project is the second mineralised area to be
tested with confirmatory drilling by Berkeley in its Spanish uranium exploration
programme.



Five of the six diamond core holes drilled to date intersected significant
shallow mineralisation with the best results including:


Hole SAG-005 22.0 metres @ 0.3072% U3O8 from 5.0m (radiometric equivalent)


Hole SAG-002 3.5 metres @ 0.4461% U3O8 from 15.0m (chemical assays)


Hole SAG-004 6.45 metres @ 0.2416% U3O8 from 13.3m (radiometric equivalent)





The initial Saguazal drilling programme consists of eight vertical and angled
diamond core holes designed to confirm the results of the historical drilling
and to clarify the geology and structure of the mineralisation. Six holes have
been completed, with chemical assays received for the initial two holes. These
initial assays have been correlated with the downhole radiometric logs to
provide predictions of the radiometric equivalent assays for the next four
holes, for which chemical assays are awaited. These predictions have been made
by Berkeley Resources' Senior Exploration Consultant, Roger Murphy - former
Chief Geologist at the Rossing Uranium Mine.

[laserdisc] 01/6/2007 08:50

interesting article

[wassapper] 01/5/2007 09:06

Good test work results today - over 90% recovery. Their chief metallurgist is ex Rossing Uranium. A pretty experienced guy.

[wassapper] 26/4/2007 09:12

So we have more cash to fund explopration and "corporate activity". Could be interesting.

[papillon] 14/4/2007 20:39

QS9, UMN's U is only valued at US$7 per lb in the ground. Also its starting trial production in late 2007. Plus full scale production in 2008. Plus its got half its CAPEX already sorted. It will be a low cost producer. If you think BKY is good value then by that yardstick UMN is EXCELLENT value.

[papillon] 11/4/2007 11:17

Many thanks for the TSX-cue mention wassapper. I have held VML for a long time. It does look cheap, though "deep" mining will be required when they find U in their Breccia pipes, which means higher extraction costs. QS9 I hold NU.. My main holding by far is UMN.

[qs9] 10/4/2007 16:34

thanks very much papillon much appreciated. Uranium is about $110 lb at the moment is it not, so $12 per lb looks pretty good value? Hopefully some broker notes will bring clarity but I am in for a small ride none the less..easier one to value is NU. which at present is a pure play on the price of uranium!

[wassapper] 10/4/2007 15:08

pap- by my reckoning Vane is valued at 38 pence per pound! However, I have read some good things about BKY in the last few days which is why I have now jined. It was mentioned in a RBC Capital report of the 21 best U stocks! Take a lok at TSX-CUE. Worth a punt so the CEO told me!