Berkeley Energia Share Discussion Threads

[1628386] 29/3/2016 11:43

Nice article.. If the current drilling campaign reveals more Zona 7 like deposits then we will have a serious re-rate... most probably a buy-out.

We are based in Europe and already have a world class asset. What Will it be worth if the resource proves to be much larger?

[piedro] 29/3/2016 10:16

from Berkeley news ...

The European Commission to invest up to €500B in nuclear energy
In the coming weeks the European Commission is expected to publish its report highlighting that, in order to secure energy supply across the 28-nation bloc, investments of between €450B and €500B are needed in nuclear power by 2050.
This move by the European Union highlights the growing role that nuclear will play in powering Europe’s clean energy future. The EU currently imports over 90% of its uranium from countries such as Niger, Chad and Kazakhstan.
This growing demand for uranium comes at a time when China and India have committed over US$227 billion to the development of their own fleets of nuclear reactors. China currently has 24 reactors under construction, with six reactors commissioned last year and eight reactors a year expected to be commissioned for the next five years. Just last week the Indian government set an expansion target of generating 14,600 MW a year from nuclear power plants by 2024, which is almost double the current usage.
Berkeley Energia’s Salamanca project located in Western Spain has recently commenced development and when in full production it will be by far the largest supplier in Europe and one of the largest in the world.
At a time when security and the provenance of supply are increasingly becoming cause for concern for utilities as they look to re-contract for 2018 onwards the Salamanca project is ideally placed to be provide security of supply to a continent that depends on nuclear power for more than one-quarter of its electrical power generation.

[quepassa] 24/3/2016 10:37

do i? how very wrong you are.

avoiding those hits is the key to portfolio-building.

qp

[herlat1] 24/3/2016 10:12

QP .. "massive and meteoric gaping hole in your finances" .. gosh you do sound like you have suffered some financial pain of late!I do agree with you however that financing is important for this stock. Are you suggesting that once in place the financiers will have got comfortable with the majority of the project development risks and that value should unlock from there?

[bookvan] 24/3/2016 07:39

My 'real interest' is as a small shareholder. I am not a 'greenie' nor am I the same person as QP. I shall contact the company and ask them about the March 16 blog. As you say, it's probably rubbish.

[herlat1] 23/3/2016 22:23

QP In return for my candour perhaps you and Bookvan can explain what your real interest in (your case) is relentlessly blogging negativity about this project really is?1. Are you a greenie?2. Are you and Bookvan the same person?

[1628386] 23/3/2016 21:59

The penny just dropped for me, I can't believe I never spotted it before....

All of QP's posts end with a health/wealth? warning....

ALL IMO. DYOR.
QP

... Basically saying "its only my opinion and if I were you, I'd do my own research before taking what I say as anything other than a pinch of salt"..... Hahaha

[quepassa] 23/3/2016 21:35

Yes, I always go and visit/view the facilities/plants/offices/sites of companies before I invest in them.

And I would like the reassurance of seeing the Company's chosen contractors at work.

Do you know the precise dates please?

ALL IMO. DYOR.
QP

[herlat1] 23/3/2016 21:26

QP are you planning to be there?

[quepassa] 23/3/2016 21:23

"..activities on the ground will commence shortly" 15th. March


What precise date do Iberdrola start their work on pylons and cables?

What precise date do Cerezo move their bulldozers in?





ALL IMO. DYOR.
QP

[herlat1] 23/3/2016 20:24

Agree '386. It sounds like student blogging rather than anything to do with contractors like Iberdrola.

[1628386] 23/3/2016 20:18

Q. Would anyone in their right mind commence building a house costing hundreds of thousands of pounds on a piece of land if they didn't have access granted to the main road and were aware that the land owner would not be prepared to sell that access?

A. errr .... No

[herlat1] 23/3/2016 19:48

Bookvan Why dont you ask the Company like Piedro did? Maybe it is similar nonsense.

[herlat1] 23/3/2016 16:19

Thanks Piedro.

[piedro] 23/3/2016 13:44

La Gaceta de Salamanca: Berkeley starts work on its mining project with a road deviation and rerouting of a power line.
16 March 2016

A decade of studies and an investment of 55m euros
The company has received 19,000 applications for the first 200 jobs

Berkeley announced yesterday that it has started work on its Retortillo Santidad deposits, following the awarding of infrastructure contracts to two Spanish companies "selected for their expertise in the sector".

The contracts refer to the extraction of uranium at the company's "Salamanca Project", which is based in the municipalities of Retortillo and Villavieja de Yeltes, and work has begun with the diversion of a power line, for which Berkeley has contracted Iberdrola, as it is "one of the main Spanish companies in the energy sphere".

he other contract awarded was for a 4 km diversion of an existing road so that the company can start excavation work. This has been awarded to Excavaciones y Transportes Cerezo, who have specialised in mining since 1981 and that have "successfully carried out a series of major mining contracts in Spain, "says Berkeley.

For both contracts the company "has selected the two main companies in the sector".

The awarding of these contracts marks Berkeley's move into the "development phase" at the Salamanca project, following a decade of research and 55m Euro investment in the area. The company said it would not have reached this point without the strong support and backing of the local authorities.

Finally, Berkeley highlights that "so far they have been received more than 19,000 applications employment for 200 posts work initially created.

FURTHER DETAILS:

- Positive impact in the area: Berkeley has promised that, aside from contributing to the community through taxes and other payments, it will prioritise the selection of local candidates for jobs and local companies for its requirements

- Some of the lowest costs in the world: Studies carried out by Berkeley on its Salamanca project show that the company could be one of the lowest cost uranium producers in the world, with operating costs of US$15.60/lb

[piedro] 23/3/2016 13:40

A reply from Paul Atherley,

P.....,

Many thanks for your email. We are aware of this article and other similar copy.

As I'm sure you know, certain green and left wing groups in Spain and elsewhere are opposed to any form of nuclear energy, despite the fact that the there is widespread policy support across the EU for nuclear generated power as a clean energy source. Leaders across Europe are now realising that a clean energy future requires nuclear and renewables, not just renewables.

These groups will take any opportunity to publicise their case with the left leaning, student style publications which exist in abundance in the region. These publications, which are usually online only, will print virtually anything they are given without any form of context or basic fact checking.

The claims that we are having a negative impact on the town are simply not true. We are expected to be the largest investor in an economically depressed area, which has suffered badly from rural desertification and intergenerational unemployment. Our investment is expected to significantly boost the regional economy by creating long term jobs, increasing skill levels through training programmes and establishing important infrastructure which will benefit the whole community. We have signed a cooperation agreement with the highly supportive local municipalities which in addition to significant royalties and taxes provides priority to the employment and training of local residents and the preferential support for businesses by sourcing goods and services locally.

Some of these articles give the impression that the those living in the area are against the opening of the mine. Again, this is untrue. Our project is located in an historic mining district so those residents are well aware of the socioeconomic benefits of having an operating mine in the area, and as such are fully supportive of the project.

A much more authoritative and reputable newspaper La Gazeta published an article which we believe better reflects the strong community support we have for an investment which is going to generate over 450 direct jobs and in total over 2,500 indirect jobs in a community that has high levels of unemployment, particularly among young people. Please find the article copied below for reference.

Job creation is the number one policy goal for each of the major political parties in Spain and we are very pleased with the contribution the Company is making in this regard.

If you have any other queries please do not hesitate to get in touch.

With kind regards,

Paul Atherley
Managing Director

[1628386] 23/3/2016 13:11

Herlat1

Absolutely agree with you. This is just small noise - a tokenary demonstration

[herlat1] 23/3/2016 09:40

Bookvan posting on student blogs and leftwing newspapers is one thing. Goverment approvals and commencement of site works is another. No need to dismiss the opposition but understand that it obviously doesnt have much support as evidenced by the paltry turnout at the 'massive' demonstration.

[herlat1] 21/3/2016 20:47

Haha ok deal!

[quepassa] 21/3/2016 20:29

when you convince me the money is committed!

QP

[herlat1] 21/3/2016 20:14

QPSo when are you going to invest?