Berkeley Energia Share Discussion Threads

[1628386] 20/3/2016 08:08

We will see a $100m finance package March/April and that's why large investors are buying at the moment (see large trades over last week or so - they are all buys as I have looked at bid/offer spread at the time of the trades)

Paul confirms funding in this video presentation on 16th February 2016 .. About 15 mins in......



"They have about 8 people in the data room right now (16th Feb) completing due diligence for 4/5 weeks and then we'll know at the end of it"

5 weeks will be 22nd March ... Obviously got time after that for negotiations etc, but things hotting up here.

Add in the recent statement which confirms they wish to keep "shareholder dilution to a minimum" and we have a nice April to look forward to

The politics 'red herring' will then be put to bed

PS The drill bit has also been turning for 5 weeks

[herlat1] 19/3/2016 11:34

QP i am delighted that you have identified the sole remaining hurdle to be cleared for the project to proceed.I have no idea when the financing will be announced and if i have suggested otherwise i was wrong to do so.I (along with Iberdrola and others i am sure) remain confident that the company will put the necessary funding arrangements in place in a timely manner.As Snowy has pointed out this is a Board that has a long track record in financing mining projects and unlocking (very) serious value for shareholders.I am in this stock for a repeat of what they sold Mantra for which was a ?ten times return for early investors as i recall (Snowy can correct me on this..).Why are you and Langostino here?

[quepassa] 19/3/2016 10:02

This is a bulletin board for DISCUSSION. But you don't really like engaging in discussion, do you? This is not intended as a media shop-window for promoting Berkeley.

This is set up to exchange views.

If you think it is negative to discuss a very important question of whether the current impasse in Spanish politics may or may not have an impact on the funding of a new Spanish mining project, I believe you are mistaken and missing an important point.

I see that you neatly side-stepped answering the question about whether or not you stand by your post 420 of 15th. Feb.

Well, do you or don't you?

Do you stand by what you said that funding will be committed within 1-2 months from Feb. 15th.?

As far as I am concerned, FUNDING is the KEY ISSUE - and has been for a long while.

The Company says everything else is done but the final, essential and fundamental piece of the jigsaw-puzzle is without doubt the funding.

It's not an issue which I "am back to". - It never went away.

It's the number one outstanding hot topic. Yet you seek to brush it under the carpet as if it were inconsequential.


ALL IMO. DYOR.
QP

[herlat1] 19/3/2016 04:51

Haha back to the funding issue!i am glad you are pro nuclear (really?) but still puzzled why you and Langostino are still posting your negative comments?Neither of you are shareholders nor do i suspect will you ever be. So why this obsession with a stock you have no financial interest in?

[quepassa] 18/3/2016 23:48

You say negative. You are however wrong. I am not negative. Just realistic. And enquiring. And also not naive enough to accept everything without thinking about it first.

If you cannot accept that the current state of Spanish politics is in flux and brings with it added political risk for potential financiers, then we see things differently.

I am very much pro-nuclear energy. And I agree that Hinkley will go ahead....eventually. But just look at the delays and shenanigans along the way, even with such a reputed name as EDF.

Anything to do with nuclear energy is automatically a sensitive and emotive topic, whether that's in England, France, Germany or indeed Spain irrespective of the undoubted need for nuclear energy.

Because I am pro-nuclear, doesn't mean that everyone else is. - As per the article in El Pais, citing the new political parties in Spain which have stated openly they are anti-nuclear and who have made their manifestos on this topic clear for all to see.

As I have said before, anything nuclear has been a political football for decades in Spain. - Even more so now.

But the real question is whether the absence of a formal government in Spain at the moment will bring about delays to the funding of the project due to perceived added political risk. Like langostino, I think it will.

In post 420, you stated that funding would be committed within 1-2 months from 15th. Feb. - Do you still stand by this and your post no.420?

ALL IMO. DYOR.
QP

[herlat1] 18/3/2016 20:48

QP Ref EU policy falling in line with the UK:The European Commission is set to release a report on the nuclear industry in coming weeks, and German Newspaper Handelsblatt reported on an advance copy of the German business and financial publication Handelsblatt reported on Tuesday that the European Commission is planning to call on European utility companies to make major investments in nuclear energy.The commission is set to release a report on the state of the nuclear industry in coming weeks, and Handelsblatt was able to see the document in advance of its publication."[T]he Commission estimated that to secure energy supply across the 28-nation bloc, investments of between €450 billion and €500 billion are needed in nuclear power by 2050," the publication stated. Of that, between 45 and 50 billion euros would go towards maintaining existing power stations. The remainder would be invested in building new plants.

[herlat1] 18/3/2016 20:44

QP Fully agree that nuclear policy is set by government and can change as we saw in Germany. However 20% of Spain's electricity is generated by Spain's existing nuclear reactor fleet.If there was a change to this then the nuclear reactors (like Germany but unlike France, UK et al) would have to close which means either more coal or more renewables or both. As we have seen in the UK ( and Germany is finding out ..) it is very hard (impossible?) to meet growing clean energy demand from renewables only.EU policy is increasingly aligned with that of the UK and France in accepting that nuclear is an important part of the clean energy mix.If the reason for your relentlessly negative postings is an attempt to put off shareholders because you are anti-nuclear then just come out and say it.I am pro nuclear. What are you?Ps Hinkley will go ahead.. :-)

[quepassa] 18/3/2016 20:00

If you cannot grasp political risk, it is because there is no formal government in place in Spain at the moment.

They have been trying to form a coalition government for months and this has failed.

It is not known what the new political parties would do, such as Podemos , were they to get some form of say in any eventual government. This is likely a potential worry for international financiers perhaps who would need to tick the box to confirm that political risk is covered in their financing proposals.

You probably don't want to read this article dated four months ago from 4th Nov from leading Spanish newspaper , El Pais.

It is headed " PSOE, Ciudadanos y Podemos no ampliaran la vida de las nucleares." and carries on " Los tres partidos rechazan que las centrales funcionen mas de 40 anos, lo que supone en cierre total en 2028".

The article has a quote which says ""Buscamos la independencia energética de nuestro país. Debemos transitar paulatinamente, pero sin pausa, hacia un modelo energético basado principalmente en las renovables".

If any of these new political parties get a say in any future government, it remains unclear what the future for anything and everything related to nuclear will be within Spain.

Here is a link to the article



Of course people want new jobs but, yes, it is possible that political issues concerning nuclear policy in any new ( coalition) government may take a higher priority.

You mention government agencies as if that makes a major difference. EDF is 85% government owned which, I would say, is effectively a government agency. Look at what is happening with EDF on their commitment to Hinkley Point. It is in a shambles despite having all government approvals in place.

It seems to me that langostino is correct in his well made point about due diligence.

ALL IMO. DYOR.
QP

[herlat1] 18/3/2016 17:47

Thanks Snowy. I still dont see the correlation between a new Spanish government being sworn in and an investment decision on a project that already has its government approvals. The government's agencies own the road and power line that are being relocated highlighting that an investment decision has been made by the company and its contractors (Iberdrola) independently of the current lack of a Madrid government.

[snowyflake] 18/3/2016 07:13

I think that langostino is talking about final investment decisions by third parties until a new government has been sworn in. There are risks in any investment but that is not one that is top of my concerns with BKY. Which party is going to vote down new jobs for the sake of dogma with Spain having an unemployment rate as high as it is with Salamanca particularly badly hit?

[herlat1] 18/3/2016 06:47

Langostino what approval are you referring to? The Company has all its major approvals and is demonstrating this by commencing development and creating much needed jobs!!

[luckymouse] 16/3/2016 23:05

free stock charts from uk.advfn.com

[quepassa] 16/3/2016 08:22

Well I guess that Hugo Schumann's answer in the interview about the mid-year time-line for funding the project puts significant doubt on post no. 420 dated 15th. Feb about funding the project within 1-2 months.

Funding continues to be confusing in my opinion. Is it 1-2 months from mid-February as per post no 420 or not until mid-year now as per yesterday's interview with Hugo Schumann?



ALL IMO. DYOR.
QP

[proactivest] 15/3/2016 12:05

Video interview with Hugo Schumann



Hugo Schumann, corporate manager at Berkeley Energia Limited (LON:BKY), speaks to Proactive about the company initiating early development work on its Salamanca uranium project in western Spain.
“This is a very exciting moment for us. We have effectively gone from 10 years of exploring and doing feasibility work and permitting the project and we’ve got all the permits we need and we are now commencing development,” he says.
It follows the news on Monday that the firm has commenced discussio

[philjeans] 15/3/2016 07:27

....and they're off!

Come on Berkeley!

[1628386] 15/3/2016 07:18

You don't start an $81m project 3 months early unless you are very confident of securing a favourable finance package.

It seems Paul and the team are building an excellent track record of exceeding expectations in every RNS .. something that is rare on AIM

[philjeans] 14/3/2016 17:45

A couple of nice BUYS there today.

[langostino] 14/3/2016 14:08

Due diligence will will result in final decisions not being made until Spain has a government, which could be some way off. IMO

[philjeans] 14/3/2016 13:24

Positive update and no issues revealed.

Onwards and upwards.

Happy to hold and continue to top up as the dips appear.

[quepassa] 14/3/2016 11:42

A big bun. Lashings of ketchup.

But no meat.


ALL IMO. DYOR.
QP

[1628386] 14/3/2016 11:31

Nice update today.

Clearly moving forward, they have the confidence to commence works 3 months early and use their current cash to fund it ...

Why? Because they have finance partners lined up in the diligence stage of negotiations and are confident of securing this in the near term.

Also, it sounds like they are focused on 'minimising equity dilution for shareholders'

Great stuff, this is exactly what I would want to see at this stage.

Meanwhile the drill bit has been turning for a month now on the 2016 exploration programme...

A few more shares for me today!

[quepassa] 14/3/2016 10:48

Half-year loss of $5.8m.


ALL IMO. DYOR.
QP

[wiseacre] 14/3/2016 10:06

What I believe has held the share price back is the fear of a large placing. Today's statement along with the half year figures suggests that that need for cash to develop the resource has been obviated. I anticipate that the next RNS will disclose a partnership agreement (hinted at in the statement)which will spur the share price toward the broker's (Numis) target of £1 a share. Looks like a no brainer to me.

[rhuvaal2] 01/3/2016 17:13

fatboy, yes, I think the Chinese would certainly do it, and I rather think the govt have put their minds to that.