Berkeley Energia Share Discussion Threads

[kreature] 21/8/2016 08:42

Just because 'activists always complain', that does not automatically mean that the Salamanca activists do not have valid points and concerns. Spending 60 million on anything does not automatically make something right. The National Court still seem to be looking at the 300 pages. We await developments on that, and on any outstanding permissions. imo

[1stuartstuart] 21/8/2016 08:32

the last protest was in march at madrid with 30 people with tablecloths with slogans in felt tipped pens.

[1stuartstuart] 21/8/2016 08:27

building any nuclear development takes time, especially power plants, not mines, but there is comparisons when its nuclear material,most reactors take around 7 years to build and most of the time is the development stage, which deal with complaints and objections.

activists complain to simply add extra costs to the developers, even though they know they will be defeated.
with for example 22000 applicants applying for jobs shows the support for the mine, which outnumber activists immensely.


after all, how many of the activists actually applied for jobs at the proposed mine.let alone live in the villages next to the mine.

its all fine and dandy complaining, but life on the spanish dole isnt fun and the locals know that and dont want to leach of benefits system.they want to work.

developers dont spend millions of euros knowing that it will be wasted.due diligence is applied at every stage.

[1stuartstuart] 21/8/2016 08:10

thats 60 million euros, that have been spent and bky will ensure that has not gone to waste. activists would do the same if they spent 60 million fighting their case, but they havent spend any where near that and thus have very little too lose, hence the developers , bky makes sure it doesnt have any errors in its development applications after having spent 10 years and 60 mill euros.

[1stuartstuart] 21/8/2016 08:05

i have been studying bky and any reopening of any mine is as always has objections, this isnt a new mine it closed a few years back when uranium was unprofitable, but now based of the extremely low costs bky have discovered especially with zona 7, this is now not the case.

activists always complain , they have done with any uranium mine all over the world, developers know this happens and factor time delays into the production.

bky said that have spent 600000 euros developing the mine that they would adhere to every application, recrossing the i's and dotting the t's so to speak, to ensure no errors are made.

activists look for errors in paperwork simply to slow down developments of mines, even though they know it is in the financial interest of the area and the country to have an industry that adds to the wealth of the country and local people.

[1stuartstuart] 21/8/2016 07:57

bky defended the complaint in a statement,

After the news of the complaint against the former mayor and councilors and Retortillo, Berkeley has issued a statement that we offer in full.

"In relation to the information disseminated by various media outlets reporting the presentation by the Platform Stop Uranium a complaint against the former government team of the City of Retortillo in the courts of Ciudad Rodrigo. Berkeley wants to make clear that:

· The Berkeley activity is the exploitation of a mineral deposit. Acquire farms are based on the location of the site and the planned and approved facilities regardless of who the owner of the farms and their political affiliation location.

· An independent valuation has priced all farms where will future mining facilities located in Berkeley, taking into account the peculiarities of each farm (land value, woodland, ponds, closures, construction, etc.) and according to the assessment criteria established by law, and taking into account the fair values ​​of the Provincial Jury of Expropriation. And according to these criteria Berkeley continues to buy farms in the area.

· For the specific case of the sale of the property where the company offices are located in Retortillo, the only inexcusable condition was that the land was in an adjacent area to the site where it will develop the mining project. The company met its usual action of requesting three offers when you buy or require the services of a standard.

· There were three farms that met these requirements and the owners of the three were asked the same economic offer, based on the independent assessment mentioned above. With ownership of the most suitable farm, he could not close a deal as one of the co-owners decided not to sell low considering the price offered. With the property of the second farm he could not make the operation because the ownership documents were not in order or duly registered in the Land Registry. These circumstances reduced the chances of acquiring a single farm, which consists in the administrative file at City Hall.

· The planning permission for the construction of offices Berkeley was approved unanimously by the full City Council Retortillo: voted for all councilors (PP and PSOE) previous binding reports Territorial Planning Commission of Salamanca Board Castilla y Leon and the Technical Assistance Service of the Provincial de Salamanca.

· Berkeley when making personnel selection does not discriminate nor political color, or the beliefs or trade union affiliations of employees and according to the agreement signed with the City of Retortillo 6 years gives preference in recruitment the residents of the villages of Retortillo and Villavieja de Yeltes, giving priority to those affected by the sale of land. "

[kreature] 20/8/2016 18:07

1,000 people marching against this today apparently. Probably more like several dozen

[kreature] 17/8/2016 15:41

Looks like a big day on 20th.

[snickerdog] 16/8/2016 07:23

Another institution declaring a substantial stake in the company and another huge vote of confidence in the project.See link where Fidelity have now declared ownership of over 10m shares or 5.01%http://www.investegate.co.uk/berkeley-energia--bky-/rns/holding-s--in-company/201608160700092300H/

[piedro] 08/8/2016 08:38

And another ...

Que chaperon
Sáb, 06/08/2016 - 13:46
11-arriba | down-42
Vamos a ver que vais de listos y de sobrados y no estáis enterados de nada!!! Para empezar y como comprenderéis no querréis que después de las mentiras que habéis dicho os dejen entrar por la puerta grande y con aplausos, era obvio que esa charla no la dejarían dar ( es de tener muy pocas luces). LA charla ya os la dejaron dar el año pasado y con un año que la hayáis dado os sobra... El que no estuvo problema suyo... Luego toda la gente o por lo menos el 99% de las personas que SI VIVEN EN EL PUEBLO, SI ESTÁN A FAVOR DE LA MINA y los que NO están a favor de ella son los que vienen una semana o como mucho dos semanas al pueblo y luego se piran... ...
- ibid.

[piedro] 08/8/2016 08:25

kreature,
I note that there are no comments to the article you have cited.

From a more popular newsheet ...
Juanpe
Dom, 07/08/2016 - 17:27
5-arriba | down-11
Es curioso. En Saelices que estuvo abierta la mina, todas las.personas y partidos politicos quieren que se reabran. Si tan malo es tener una mina al lado, como es que la gente de Saelices quiere que se.reabra? Venga ya, hartos de que gente de.fuera o bien cuatro señiritos con 400 hectareas y que no tienen ningun trabajador dado de alta vengan a decirnos lo que hay que hacer


... and he got 5 'thumbs up' in an anti-Berkeley paper

[kreature] 08/8/2016 01:03

Short on land ownership and permits?

[piedro] 04/8/2016 10:10

kreature,
GL, I should perhaps be topslicing but am too greedy/lazy !

Will checkout the local newspapers - ssshhhtt

[kreature] 04/8/2016 09:54

Happy with my Short position here @ 93m cap. Uncertainty remains over the National Court hearing, and main project funding, in my opinion. Unborrowable again at Barclays. ATB

[fatboy20] 04/8/2016 08:53

Aren't we due an RNS shortly on the state of the exploration at Zona 7?

[herlat1] 01/8/2016 21:03

Mining Journal: Berkeley brings light to uranium gloom· Daniel GleesonIn a dismal market for uranium, Berkeley Energia's Salamanca in-situ leaching project in Spain is one of the few bright prospects continuing to show its class. While all of the uranium bears were signalling the death knell for the market as spot prices hit an 11-year low earlier this month, Berkeley shareholders were looking at the Salamanca definitive feasibility study with awe asking not if it can make money, but how much?Since the study was announced, the company's London-listed share price has risen 26%, while the majority of its uranium peers have plummeted in value.Scheduled to produce 4.4 million pounds per annum of U3O8 for an initial 10 years at an all-in cash cost of US$15.06 per pound, the DFS has shown that if Salamanca went into production today it would more than wash its face.Requiring $95.7 million in initial capital – given the company has already started some development work – the project is scheduled to provide a post-tax net present value of $531.9 million and an internal rate of return of 60%.Most investors reading this line will be waiting for the 'but' and, while there is a clause to insert here it is not the same one at which most of its peers fall down.Instead of using the magical $65/Ib long-term price that makes marginal uranium projects viable on paper, Berkeley has decided to use Ux Consulting's base-case contract projections. This works out at an average price of $52.55/Ib over 14 years, ranging from $39.06/Ib in 2017 to $67.69/Ib in 2030.Managing director Paul Atherley said the company has faith the $65/Ib long-term price analysts are guiding for over the long term will emerge, but it may not do so by the time Salamanca hits first production in 2018."Mid term, we think the forward curve is a better reflection. Certainly it is more in line with the discussions we are having with utilities," he told Mining Journal.It is these utilities that are currently causing the problems in the uranium market.While companies like Cameco continue to cut or suspend output to reduce the market oversupply, utilities have proven resistant to signing long-term contracts, instead tiding inventories over with spot pounds where needed.Atherley can see this trend continuing for up to two years, but the longer it goes on the bigger the bang the market is likely to receive down the line."What we're anticipating is that from 2018-2024, US utilities become 82% uncovered [in terms of long-term uranium supply contracts]. Our argument is that when they move into the spot market in that kind of volume, they will be doing so at the same time the Chinese are increasingly looking for material for their new reactor builds, at the same time as primary supply is coming off stream. We think those three ingredients could be a catalyst to a price boom," he said.In terms of developments Berkeley can control, Atherley is aiming to convert 30MIb of inferred resources and carrying out further drilling of the jewel in the Salamanca crown – the Zona 7 deposit – to boost output in the latter years of operation.This is with the idea of sustaining production above 4MIba for the entire mine life, which will benefit not only revenues, but also the average all-in cash cost, which is $17.15/Ib over the 14 years of operation.Such refinements will only bolster what is already a world-class project; an asset that stands out as one of the few potential mines able to make money in today's deep bear market.Saying that, when production comes online in 2018, the market could be a very different beast and Berkeley could be reaping the rewards of hard work carried out in the market trough.This is one uranium project that will be built upturn, or no upturn.

[fatboy20] 01/8/2016 20:17

You clown!

This is a sure fire winner!

[1stuartstuart] 01/8/2016 19:43

go away derampers!!!!!!!!!!!!!!!!!!!!!!!!!!, bky has approval

[1stuartstuart] 01/8/2016 19:42

approval has been approved, as in my post, can the derampers now go away please.

[1stuartstuart] 01/8/2016 19:41

Berkeley Energia Starts Work On Infrastructure For Salamanca Mine LONDON (Alliance News) - Berkeley Energia Ltd Wednesday said it has started to realign the road ...
Alliance News27 July, 2016 | 9:51AM Email Form
LONDON (Alliance News) - Berkeley Energia Ltd Wednesday said it has started to realign the road and upgrade the power line at the Salamanca uranium mine in Spain after securing the necessary government approvals before moving onto the main construction.
Berkeley has invested USD60.0 million into the uranium mine over the last decade and is edging closer to finally constructing the mine and launching a commercial operation that will be "one of the world's lowest cost producers".
The exploration programme continues, aimed at making new discoveries and converting some of the approximately 30.0 million pounds of inferred resources into the mine schedule, with the objective of maintaining annual production at over 4 million pounds a year on an ongoing basis.
Berkeley said a number of utilities have shown interest in securing long term offtake deals for the uranium to be produced, and agreements are currently being negotiated.
The miner said it has AUD11.3 million in cash and is expecting to secure another USD5.0 million shortly from its major shareholder, Resource Capital Funds, which agreed to provide royalty financing last month. Berkeley remains debt free and said it has enough funds to see it through the initial development phase.
Berkeley shares were trading up 6.1% to 48.52 pence per share on Wednesday morning.

[kreature] 01/8/2016 15:57

Opened a Short position here at Barclays hub. Just a punt on the National Court putting a stop to the project for the various reasons mentioned in the Spanish press over the last few weeks. ATB

[snickerdog] 28/7/2016 07:46

Uranium poised for price jump in nuclear power boomhttp://www.bnn.ca/uranium-poised-for-price-jump-in-nuclear-power-boom-1.530960Quite a lot of detail here from BNN on future Uranium prices

[liambilson] 28/7/2016 05:18

WH Ireland


'We risk the Salamanca project at 40% of its NPV.

Unrisked our Target Price would be 330p (based on 198.3m shares in issue).'

[snickerdog] 27/7/2016 07:56

Very big news in June for TSX listed NexGen and a clear sign for the Uranium sector in general that China wants to secure its Uranium supply.Link below to article about Hong Kong's richest man Li Ka-shing making a major investment into NexGen Energy who are still at the exploration stage (with a cC$700m valuation).http://www.bloomberg.com/news/articles/2016-06-02/hong-kong-billionaire-li-bets-on-uranium-with-nexgen-investmentHong Kong's richest man Li Ka-shing is making a bet that uranium prices, down more than 60 percent from a 2011 record, are set for a comeback.NexGen Energy Ltd. has agreed to sell $60 million in convertible bonds to CEF Holdings Ltd. and affiliated shareholders to raise money to help develop uranium projects in Saskatchewan, the company said Wednesday in a statement. CEF Holdings is 50 percent-owned by Li's CK Hutchinson Holdings Ltd."His involvement is a very good sign to generalist funds out there about uranium's fundamentals," NexGen Chief Executive Officer Leigh Curyer said by phone from Vancouver, where NexGen is based. "The current spot prices seem low but the fundamentals indicate there's going to be a very large demand and supply gap -- that's what you're making a call on."NexGen expects to start production in the early 2020s, when the uranium market is set to tighten as older mines in Namibia and Australia end operations while demand from nuclear utilities in Asia and the Middle East ramps up, he said. The company's shares rose 5 percent in Toronto to C$2.50, the highest in six weeks.Higher ForecastsUranium is trading at about $27 a pound, down from over $70 in January 2011 before prices slumped following the Fukushima disaster in Japan. Forecasters predict uranium may average $44 a pound by 2017, according to estimates compiled by Bloomberg.CK Hutchinson didn't immediately respond to e-mails and a phone call made after hours to its headquarters in Hong Kong.NexGen's Arrow project is "the most promising uranium discovery in years," Cormark Securities Inc. analyst Tyron Breytenbach said in a May 20 note. The asset is "a desirable takeout target for established producers."Curyer said the project "clearly" interests potential acquirers, though he declined to specify whether NexGen has been approached by suitors.NexGen intends to reach production on its own, he said. "That's our intention unless someone comes along with an offer that's better than we can do by ourselves."Selling the unsecured convertible debentures to CEF Holdings will raise NexGen's cash reserves to C$100 million ($76 million), according to the statement. That will be enough to complete exploration and development activities, Curyer said.The company will issue a resource update by late this year, he said.