Berkeley Energia Share Discussion Threads

[goodgrief] 10/9/2017 15:53

'Mini' nuclear reactors could help solve Britain's energy crunch and cut a third off bills, ministers hopehttp://www.telegraph.co.uk/business/2017/09/09/go-ahead-mini-reactors-energy-crunch-looms/

[happyholder123] 09/9/2017 09:24

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[bookwormrobert] 05/9/2017 09:42

Defcon3 - can I ask how you know the seller is Anglo Pacific? There was obviously a biggish sale yesterday, but there wasn't a holdings RNS. Thanks!

[langostino] 05/9/2017 09:09

hxxp://www.finanzas.com/noticias/empresas/20170904/pide-nueva-declaracion-ambiental-3681569.html

[defcon3] 04/9/2017 17:30

Anglo Pacific selling down. Probably think it'll be a quiet period now until nearer production. Who knows how many they will offload

[pj 1] 04/9/2017 12:45

Current Directors Ordinary Shares(i) Incentive Options(ii) Performance Rights(iii) Ian Middlemas 9,300,000 - -
Paul Atherley 1,504,000 4,000,000 1,850,000
James Ross 415,000 - 200,000
Robert Behets 2,390,000 - 580,000

As at 30/6/2016

[liambilson] 04/9/2017 12:32

Does anyone find it odd that there is ni director buying?

[liambilson] 04/9/2017 10:20

Just lost control yet again of that damned pea !

[herlat1] 01/9/2017 16:52

Lango are you saying that construction can not commence without the CSN report?

[casapinos] 01/9/2017 16:11

Lango your previous posts indicate that you know all this but for the benefit of discussion I will list some salient facts.
Spain produces, uses and stores nuclear fuel and has done so for decades,
It has six nuclear sites operating eight reactors, nuclear produces around 20% of Spain's energy, wind energy 18%, the next largest is coal with 16%(latest figures I can find though with my local knowledge of major turbine installations everywhere from Zaragoza to the Sierra Nevada that will change if it hasn't already),
The move to wind energy requires a stable backup - that is more likely to be nuclear than coal.

The latest info I can find on the company website specifies "project go-live in late 2018" if that is not true then they need to notify the market via an RNS and the Omani's would already know.
I envy you trust in the independance and objectivity of the CNS , they are headed by a former senior executive in the nuclear industry and my knowledge of the way in which government agencies work assures me that the CNS are in no doubt as to what their findings should be.
Accordingly I base my investment strategy on the assumption that a favourable CNS report will be issued , in good time so that no delay in construction is caused and that the recent funding is soundly based upon the same assumption(in the light of robust assurances from Senor Rajoy et al.
Incidentally, I believe that a change of government to any of the many possible combinations is unlikely to jeopardise this.

[fatboy20] 01/9/2017 13:31

Langostino

I think you've hit the nail on the head here. If a favourable CSN report is the only thing holding this up then surely a favourable report makes the thing fly. So if as you also say it is completely technical and not relacted to any other issue, political economic etc it has to be positive. Why ? Bcause the Sovereign Wealth fund will have done due diligence which includes ensuring that all the 'nuclear' issues are sorted. QED

Fill your boots fellas and retire
All IMHO

[langostino] 01/9/2017 13:02

casapinos - I have said before that environmental issues will evaporate if final permits are issued. They are noise, but final permits are 100% dependent on a favourable CSN report expected towards the end of next year. Not a brick of the processing plant will go in without that permit which is why all you hear about is planting trees, diverting roads, accessing the grid and buying expensive crushers that are years away from having anything to crush. CSN is independent of government and disinterested in employment and economic issues. Their remit in technical only. It put a stop to the reopening of the Garona nuclear plant, wished for by the PP government, by placing impossible conditions. No guarantees can be given to investors even though the king has a special relationship with gulf leaders. The decision lies within the CSN. If you are certain the CSN will say yes, this could be a wonderful investment, but there is a lot of hype and loose talk to fill the vacuum waiting for the only decision that matters. IMO

[the foxthe fox] 01/9/2017 11:26

So what does the agreement really mean for Berkeley?
1. Excellent financing at the bottom of the uranium price cycle
2. Essentially an equity funding at a premium share price ie 50p and 85p
3. Salamanca now fully funded into production
4. ... by a long term (massive) strategic shareholder
5. ... who will enhance our revenue stream with more premium offtake agreements.

[herlat1] 01/9/2017 08:47

Casapinos the 'environmental concerns' put up by the greens as i recall were recently tested at court and comprehensively thrown out by the local judge. The green's tactics appear to be to create 'an issue' and get it in the media and then sympathizers will post. The amount of due diligence required for the $120 million financing by a Sovereign Wealth fund in my view has firmly puts these claims to bed. I remain a very happy holder!

[casapinos] 01/9/2017 07:49

Hi langostino
I have read back through some of your posts and noted the broadly negative view you have taken- i don't want to argue the pro's and cons of the environmental issues , but as I note that back in July you said you were not invested here I wonder if you might have a change of heart following the news of the Omani investment. I have been reviewing the Omani SGRF activity and they seem to be taking a particular interest in Spain, my take would be that as a powerful actual and potential investor in the Spanish economy they will only have moved if they have received assurances that ALL environmental hurdles will be overcome. It would be a blow to the wider Spanish economy if their investment was frustrated by long delays, I am therefore more confident than ever that the environmental concerns reflected in the media articles you have highlighted will not frustrate the build of the mine.I guess that the Spanish government have given assurances to the Omanis to that effect.Comment?

[philjeans] 31/8/2017 09:15

Great time to BUY down here after yesterdays excellent news.

[langostino] 30/8/2017 22:37

www.elconfidencial.com/empresas/2017-08-30/salamanca-medio-ambiente-uranio-berkeley_1436084/

[the foxthe fox] 30/8/2017 16:46

Berkeley Energia on the Financial Times

[the foxthe fox] 30/8/2017 12:20

Read about Berkeley $120m investment agreement
hxxp://cassiopeia-ltd.com/2017/08/berkeley-energia-lonbky-signs-120-million-strategic-investment/

[rvsy38] 30/8/2017 11:04

Excellent news- well done to Paul and his team.

As wiseacre has said this de risks the project in terms of its development.
Sovereign wealth funds take long term views on their investments and I think the arrangement is very good for the private investor.

[wiseacre] 30/8/2017 10:05

Today's news underwrites the shares and takes the risk out of the project in terms of the mine's development. Should see some chunky institutional buying. Note the 500,000 share purchase. We should also see some positive press. BUY