Berkeley Energia Share Discussion Threads

[jonwig] 17/12/2018 09:42

Thanks - courtesy of Google:

APPROVAL, if applicable, of the Minutes corresponding to the previous meeting of the
Plenary session of the Council
II
MATTERS FOR DECISION-MAKING
...
5.
Favorable assessment of the water monitoring and control program
underground pre-operational sites for the uranium mines and
the future plant of concentrates of Retortillo
6
Favorable appraisal of the results of the surveillance program
environmental radiology of the location of the mines of
uranium and the future plant of concentrates of Retortillo
.............................
Is it enough?

[langostino] 17/12/2018 09:32

www.csn.es/documents/10182/1865680/1463+-+Orden+del+dí;a/df948dbe-df10-9338-4486-7ada1b9ae7e8

Wow! Two bits of good news. See items 5 & 6

[goodgrief] 13/12/2018 09:41

It's the greens!

[jonwig] 13/12/2018 09:18

I'm keen on uranium (via YCA and KAP) and this ought to be one to add. They seem to be well cashed-up (is it about 24p/sh?) and very low production costs.

Just two worries, if anyone can help:

1) How do they mine? I've seen a picture showing opencast, and one which might show in-situ leaching, but they don't seem to say.

2) Why would the Spanish government refuse mining permits? The Salamanca area is full of World Heritage sites, and there's some wine growing but on the other hand it's got high unemployment.
Is there a green lobby in Spain, or are they negotiating bribes?

[laptop15] 12/12/2018 17:10

I recently bought another share that reached 10 year lows and a few weeks later it was up 60%.....anything is possible on aim

[quepassa] 12/12/2018 15:22

The share price has reached the 5 year low and is on the cusp on breaching the ten year low.


Good Luck All.


ALL IMO. DYOR.
QP

[laptop15] 12/12/2018 14:56

Permit granted news

[langostino] 12/12/2018 13:45

What possible good rns could there be. There is no mine here.

[laptop15] 12/12/2018 13:43

It could easily rocket on one good RNS Also, that's the gamble i guess on AIM. you need balls and I'm prepared to have a go!!

[pugugly] 12/12/2018 13:29

Laptop15 - Or crash out - eg FTC this morning down 55% A similar rns for Berkeley would see the share price at les than 5p = Place your bets - rien ne va plus.

[laptop15] 12/12/2018 09:00

Good chart set up...Bollinger bands narrowing, a sure sign there will be a rise soon imoA few chunky buys the last few days I see and anot Her one today.Worth a risk at this level imo, sure we all know the risks but could be HUGE UPSIDE with the right news. I see it happen so many times on aim. One RNS can change everything and the buyers flood in

[laptop15] 11/12/2018 16:07

Do we have a leak at BKY?? News......

[laptop15] 05/12/2018 07:07

Took a gamble and bought some yesterday, if permit lands share price 3 bags...simple really. If not....well that's the gamble ;-)

[ukgeorge] 04/12/2018 11:56

luckily I jumped out of these and only look in occasionally. Good luck.

[quepassa] 04/12/2018 11:44

re yours 2316

You just stated opinions, so BIG need for IMO or DYOR.

[ukgeorge] 04/12/2018 11:18

You just stated facts, so no need for IMO or DYOR.

[quepassa] 04/12/2018 10:49

This share hit a 5-year high last year on 1/1/17 at c. 68p.

It now appears that the share price has now plunged to a 5-year low of c. 11.5p.


ALL IMO. DYOR.
QP

[quepassa] 28/11/2018 09:27

Dunno if the rumoured press reports in El Confidencial yesterday are true about Berkeley consulting lawyers about potential litigation and arbitration on outstanding licenses but if they are, it shows potentially just how dire things have become.

In my opinion, there is nothing that shareholders hate more than the potential distant whiff of multi-year legal actions hanging in the air.

Good Luck to Berkeley but potentially taking on the Spanish establishment through the Spanish Courts is quite something and if they go for it, likely to be lengthy and costly with an indeterminable outcome.

ALL IMO. DYOR.
QP

[langostino] 26/11/2018 14:15

Nope Mrpiggy - That was not my link. This was:



The 258 million shares with which the Australian mining company Berkeley began, on July 18, its quotation on the Spanish Stock Exchange, are practically worthless four months later.

Those 845 million euros of value reached by the titles at the beginning of August, when they came to trading at 3.27 euros, have evaporated. At the close of the session on Tuesday, the 0.148 euros that were worth the shares left the Australian listed company in a meager capitalization of 38 million.

"We are going to make the best mine in the world in Salamanca"
A hecatomb on the stock market that turns into a wet paper the optimistic prediction launched by the CEO of Berkeley Energy, Paul Atherley, who on the day of his debut at the Madrid parquet dared to ensure that "we are going to make the best mine in the world in Salamanca". Four months later, everything remains bogged down around this project.

And nothing presages that, in the short and medium term, the necessary urban planning license will be granted by the Retortillo Town Hall in Salamanca, nor that the Ministry for Ecological Transition will proceed to authorize mining exploitation.

Radiological risk assessment
Prior to the decision of the department headed by Teresa Ribera, the mandatory report of the Nuclear Safety Council (CSN) must be evacuated, an organization that is still waiting for Berkeley to provide the requested information on the installation, related to the evaluation of radiological risks.

In addition, the European Union must issue an opinion on the disposal of radioactive waste in accordance with Article 37 of the Euratom Treaty, when it affects another member country, such as Portugal.

The new 'boom' of uranium goes by long
All these uncertainties are causing Berkeley is not being able to take advantage of the 'boom' of uranium that is occurring in recent months, coinciding with the IPO of the Kazakh company Kazatomprom, the largest producer in the world, the shortage of product caused by mine closures since 2011, after the Fukushima nuclear accident, or expectations of a renewed bid by China for nuclear energy.

Circumstances that have taken the price of this raw material to rub the current 30 dollars per pound, 45% more than seven months ago, when it touched annual minimums around 20 dollars.

Prices are still far from the $ 72 that marked the uranium before the Fukushima accident, but with a willingness to raise thanks to the support of investors.

The Salamanca mine, a matter of State
In addition to not holding on to this rise in uranium, Berkeley is seeing how its project in Salamanca has become a matter of State, with the added pressure for the Spanish Government that Portugal also wants to be a participant in the environmental reports issued on the mines of Salamanca projected by the Australian Berkeley, given the proximity of the same to its territory.

So high is the concern of the Portuguese authorities on this matter that the issue will be one of the issues addressed this Wednesday in Valladolid, within the framework of the thirtieth Spanish-Portuguese Summit, headed by the Prime Minister, Pedro Sánchez, and the President Luso, Antonio Costa.

Portugal, antinuclear and without uranium mines
In the preparation of this summit, on November 8, the representatives of the Spanish Government assured the Lusos that the approval for the Berkeley mining complex in Retortillo is far from occurring.

In addition, it is taken for granted that Portugal, which resigned in the seventies to host nuclear power plants in its territory and decided to close the uranium mines at the beginning of the century, shows its disagreement, when it has to pronounce itself, on the risks of exploitation mining a stone's throw from some of its towns near the Spanish border.

[vatnabrekk] 26/11/2018 12:14

What a load of bunkum!

[mrpiggy] 26/11/2018 10:04

Here’s langostinos link translated to English.... I hope it’s useful.

Berkeley, the Australian company listed in Spain with a 'ghost' mine
The Government paralyzes the project in view of the nuclear and environmental risks that would lead to the exploitation of the uranium mine in the Salamanca municipality of Retortillo
The uranium mine project that the Australian company Berkeley wants to exploit in Salamanca is the most bizarre.
Everything seems false. The company, its actions and even the very project, which has been wandering the charro field for more than a decade without starting, or looking like it will. But putting the long teeth to the parishioners, with the hook of the creation of thousands of jobs
The license is neither expected nor expected
Neither has an urban license nor authorization for its construction. And, to top it all off, the arrival of the new PSOE government has finally ended up paralyzing the project, destroying the already scarce possibilities that had to take it forward.
Just a month and a half after taking office in June 2018, Teresa Ribera, the head of the Ministry for Ecological Transition, received a report from the Nuclear Safety Council (CSN), which left serious doubts to the future management of nuclear waste in the project proposed by the Australian Berkeley in the Salamanca town of Retortillo, a stone's throw from the border with Portugal.
Covert warehouse of radioactive waste
Nuclear Safety explained in that report that Berkeley intended to fill the gap left by the mine with "waste from the mine itself and other uranium ore concentrates from a radioactive nuclear fuel cycle facility located at another site." According to the CSN, it would mean converting this hole into a "definitive storage of radioactive waste." Reason why he decided to call for a stoppage.
Minister Ribera herself dropped a month ago in Congress that, from now on, it would be the Government itself that will process the environmental assessment of the Berkeley mine, taking the witness of the Junta de Castilla y León. He reasoned on the basis that it is a matter that may affect the nuclear safety of Spain and also, in response to the objections shown by Portugal that a project of such characteristics is undertaken alongside its territory.
Google Translate
› translate

[mrpiggy] 12/11/2018 14:05

Taken from the old mater invester link below. Another is that Spanish press reports assert that Salamanca does not yet have all the necessary permits to mine, while there is also local opposition. In light of the employment benefits Salamanca will bring (and in the similar case – now resolved – of the old Rio Tinto mine which is now in production but went through a similar phase), such a risk seems minimal.
www.google.co.uk/amp/s/masterinvestor.co.uk/commodities/berkeley-energia-another-sirius-mistake/amp/

[mrpiggy] 12/11/2018 13:47

Its all a question of wether the exploitation license will be granted or not Nick, it's as simple as that. IF its granted then ALL holders will make multiples of what they paid irrespective of wether they paid todays price or 60p. The Spanish government has to decide if it can afford to let this rich source of revenue slip through their fingers not to mention the lost jobs and the revenue that generates. I was reading over the weekend about another uranium project that had similar problems but eventually got an exploitation license ( I'll post it if I can find it). The question is can Berkeley avoid insolvency waiting for this to be granted or not. If they can then I will happily pile in irrespective of wether I have to pay multiples of the share price when the decision is made. It won't be too long until the Chinese use up the the glut of Uranium on the market and there are very few producers left to supply the market therefore uranium prices will rocket. If it is eventually granted then it will be sweet for the company and all holders due to the grades, volume and its location in Europe plus the infrastructure that is already in place. Downside as someone quite rightly posted is its location on the Spanish Portuguese border which will compound the delay.