Berkeley Energia Share Discussion Threads

[goodgrief] 25/7/2017 18:29

.... depends on the price of uranium, don't it?

[zhockey] 25/7/2017 17:42

What's the upside here, 2x or 10x?

[the foxthe fox] 25/7/2017 08:25

Watch exclusive interview with Berkeley COO in Salamanca, Spain


Paco gives an overview of the project, discussing its value and huge potential. Explaining why it is the lowest cost uranium development project in the world today

[husbod] 24/7/2017 16:02

Piedro - sound advice. I hate to keep harking on about another company but everything on the ground with ATYM should mean that its share price should be considerably higher than it is so my diffidence is based on harsh experience with Spanish miners. Add in ORM (tungsten in Spain) and I'm surprised I am even considering another Spanish mining minnow (which is what it is at the moment). Maybe however, its a case of third time lucky?

[marvelman] 24/7/2017 16:02

I don't think the company could have given us a better update than that. Very positive. A waiting game for the final permissions but given the many important and essential permissions already obtained it would be a very brave dept to go against such recognised institutions that have already signed up. Rather be in than out now.

[piedro] 24/7/2017 15:51

Husbod,
Better to watch the company than the sp
and DYOR

AIMHO

[husbod] 24/7/2017 15:29

Thanks bookwormrobert.

As to WH Ireland when are they expecting the share price to achieve these dizzy heights. Most of these price targets, as I know from ATYM (where all the brokers have targets way above the current sp) are works of imagination which may or may not be achieved at some indeterminable time in the future!

AJ Bell's Shares mag also said much the same but without a price target. A good story but whether it is worth putting money in now, as opposed to 18 months time,or whenever actual production is likely to commence, is my conundrum.

[wiseacre] 24/7/2017 10:23

From WH Ireland


June quarter update – Salamanca uranium mine development progressing well
Berkeley has issued its quarterly update today showing that all remains on track, with the planned early infrastructure work at the Salamanca mine project in Spain nearly completed and the first of the capital equipment delivered to site. The Front-End Engineering and Design has highlighted a reduction in capex for the mine in what was already one of the lowest capital intensity uranium projects globally. Corporately, the board has been strengthened with two new NEDs, one of whom has strong relationships in uranium marketing after his time at Rio Tinto. Contracted offtake has increased to 2.75Mlbs (from 2Mlbs), at terms similar to before, in other words over $42/lb U3O8; much higher than current spot and term prices. Longer term, Berkeley has commenced its exploration campaign to find new “Zona 7s” and has prioritised two key areas for further follow up. We maintain our Buy recommendation and 128p price target.

[bookwormrobert] 24/7/2017 07:45

Husbod - you should be aware that Lango has almost totally misrepresented the situation with this share, as he very often does. Final FEED figures just released, mine financing and a new off take deal expected very shortly.

[herlat1] 24/7/2017 07:36

Lango Wikipedia: La Vanguardia (Catalan: [?? ?????wardi?]; Spanish: [la ?a???warðja], Spanish for "The Vanguard") is a Catalan (Spain) daily newspaper, founded in 1881. It is printed in Spanish and, since 3 May 2011, also in Catalan (Spanish copy is automatically translated into Catalan). It has its headquarters in Barcelona[1] and is Catalonia's leading newspaper.

[langostino] 23/7/2017 20:41

herlat1 - The Vanguardia is a national Spanish language paper published in Spain's second city, Barcelona. It has never supported separatists or a referendum. It was also one of the most pro-BKY articles I have found recently, confirming as it does, that BKY has achieved important permits from local government. You are a complete idiot.
No Husbod, I am not currently invested although I have been in and out a couple of times over the years and sentiment does cause movement here, so lacking in Emed/Atalaya. Management pushes hard to show progress but is stuck in limbo until the CSN reports. So they buy expensive crushers to impress the locals, which has the advantage of being returnable if necessary rather than spending real money on construction. My feeling is that there is a possibility that the mine will go through in which case there is real value, but there are also trading opportunities even if it eventually ends in tears. Sounds just the kind of thing you like with ATYM and that Devon thing under your belt!

[husbod] 23/7/2017 20:29

Herlat - lango is the resident pessimist on ATYM. It's a copper mining company that's exploiting the original Rio Tinto mine in Andalucia and has recently gone into production. I bought in too early - about 7 years too early - and am nursing heavy losses but am confident they will be made good in due course. I like the uranium story but don't want to make the same mistake of committing funds that wont grow for a few years. Can I therefore ask what the chances of a rights issue are here to fund the opening of the mine. Apologies if this has been explored ad nauseum already but haven't the time to read back through the posts.Thanks for any response.

[fatboy20] 23/7/2017 19:17

All

Let's move with the times. When I was a young and impressionable student I demonstrated against nuclear power at Luxulyan in Cornwall. Now 30 years on the world has changed nuclear and renewables are the only game in town and wind and wave can't do it on their own Nuclear has to come!.

[husbod] 23/7/2017 17:23

Hi lango - thought I'd look in here; after all I've lost so much on small start up miners in Spain that it's become a speciality. I'm thinking of putting a few pence in here whilst I wait to become a multi millionaire with Alalaya. What d'you reckon?

Presumably you are invested?

[langostino] 22/7/2017 17:59

hxxp://www.lavanguardia.com/natural/20170721/424276783158/permisos-mina-uranio-retortillo-salamanca.html

hxxp://www.europapress.es/castilla-y-leon/noticia-stop-uranio-lamenta-decision-junta-autorizar-uso-excepcional-suelo-rustico-mina-retortillo-20170721174816.html

[liambilson] 20/7/2017 16:27

The decision of the Territorial Commission of Environment and Urbanism of Salamanca this morning has made effective the change of use of the ground, reason why Berkeley Mining can begin the construction of the Mining Installations of the Project.From the Company, we received this decision with satisfaction, confirming the excellent work that has been carried out during these 10 years. This resolution confirms our investment in the project, which allows us to accelerate our contracting process, creating more than 2,500 direct jobs And indirectly in a region suffering from high levels of unemployment.To date, we have invested more than 70 million euros in the project, with the highest quality standards in terms of environment, health and safety, and we will continue in this line, with the idea of ??investing more than 250 million euros in the next years.

[piedro] 20/7/2017 15:19

Good news

La Comisión Territorial de Medio Ambiente autoriza el uso del suelo
La decisión de la Comisión Territorial de Medio Ambiente y Urbanismo de Salamanca esta mañana ha hecho efectivo el cambio de uso del suelo, por lo que Berkeley Minera puede comenzar la construcción de las Instalaciones Mineras del Proyecto. ....


- put that in your Google and read it :-)

[marvelman] 20/7/2017 08:04

Back in now and will add once news has been announced. The chart and price action indicates a turning point

[wiseacre] 19/7/2017 14:01

There still seems to be plenty of stock around.

[piedro] 18/7/2017 12:18

bwr,
That's just the point, for those who have done their research, the above article oozes with Atterley's confidence - and in the photo he looks more relaxed {though it may be an old one}

[bookwormrobert] 18/7/2017 11:34

Pierre - Euratom (i.e. the EU) warmly welcomes the project! Just look back through recent RNS's for their official quotes.

[piedro] 18/7/2017 10:47

La minera Berkeley quiere invertir 250 millones en Salamanca
... varios grupos ecologistas y antinucleares están poniendo palos en la ruedas de este proyecto
... los que se oponen a nuestro proyecto es porque están en contra de la energía nuclear
... la Unión Europea anunció que está realizando una investigación oficial del proyecto de Salamanca


Tranlation
... several environmental and antinuclear groups are putting sticks in the wheels of this project
... those who oppose our project is because they are against nuclear energy
... the European Union announced that it is carrying out an official investigation of the Salamanca project

- for Atherley's position read the whole article