BKY - Berkeley Energia

[YOUNG_TRADER]

Re: BKY - Berkeley Resources

I did some project modelling for BKY's Salamanca 1 deposit only, as its the only one that they released Uranium Estimates for in this qtryl,

Here are the assumptions:
BKY Fully Dilluted Capital = 110m(ie all options converted, unlisted etc, plus issues to Areva and so on

Uranium Spot Price = $40 us/lb
Cash Costs = $20 us/lb
Margins = $20 us/lb or $26 AUD/lb

Deposit size = 4,000t = 8.8m lbs
Cap Ex = $150m AUD

Gross Margin = 8,800,000 x $26 = $225m AUD

NPV (Pre Tax interest etc) = $225m - $150m = $75m = 70c BKY

Now heres the interesting bit,
a 10% increase in spot price to $44/lb = + 60% NPV = $1.10 BKY
a 25% increase in spot price to $50/lb = + 166%NPV= $1.80 BKY

a 20% increas in depost size to 4,800t = + 66% NPV = $1.10 BKY
a 50% increase in deposit size to 6,000t= +150%NPV= $1.70 BKY

All of that is for 1 of its 5 projects, no wonder Frances Areva Corp, the largest Uranium Engineering Compnay in the world wants a piece of the action.

Yeah I made some good dollars on these awhile back,
would you look at those calcs, I did them 1 year ago, Spot Price $40 lb!

 

[LifeisShort]

Re: BKY - Berkeley Resources

Its still going. Hit a top of $2. Still no announcement. Must be here any moment otherwise they'll get a speeding ticket. Can't wait to see what they come up with

 

[laurie]

Re: BKY - Berkeley Resources

Don't forget they are still awaiting a license from the authorities unless someone knows that already

cheers laurie

 

[Country Lad]

Re: BKY - Berkeley Resources

Today's break was obvious from the gap up in the pre open, so I got in early giving me the stop at break even.

Cheers
Country Lad

 

[System]

Re: BKY - Berkeley Energy

On August 6th, 2015, Berkeley Resources Limited changed its name to Berkeley Energy Limited.

 

[System]

On December 10th, 2015, Berkeley Energy Limited changed its name to Berkeley Energia Limited.

 

[greggles]

Berkeley Energia up around 11% to 86c today. No news or other obvious catalyst.

The company is also listed on the LSE and in Spain, so perhaps today's gains have something to do with price action on one of those other exchanges?

 

[barney]

Apparently Spain's only listed Mining Company … interesting.

 

[peter2]

Spanish media reports on approvals for BKY's mining application have sent this higher. BKY hasn't been officially notified yet.

@Iggy_Pop was the only member to select BKY in the 2019 CY Comp.

 

[greggles]

Spanish media reports on approvals for BKY's mining application have sent this higher. BKY hasn't been officially notified yet.

Berkeley Energia still heading north on speculation that it has received the necessary approvals for the Salamanca uranium project in Spain. It's up another 12.64% to 49c so far today.

https://investingnews.com/australia-investing/berkeley-energia-surges-salamanca-speculations/

 

[barney]

Healthy looking Chart ….. Good pick @Iggy_Pop

 

[Trav.]

I thought that I should spread my portfolio around a bit and the lucky sector is Uranium.

I have dipped the toe in here with BKY and will be watching closely as this one can move a bit quick and not my normal play.

Entry @ $0.695

 

[Trav.]

Just an update on this one, not looking to flash at the moment, slowly edging down (-10% on entry) but early days so will continue to monitor

Very little volume over the last couple of days so not feeling the love

 

[qldfrog]

trading halt as I was having a sell order

 

[peter2]

BKY update: Spanish group, Ecological Transition "Ponencia" proposes to prohibit new exploration for radioactive materials (uranium) as their contribution to draft climate change and energy transition bill.

Naturally BKY is opposed, as their uranium project is just about to start production. They are waiting on a final approval which is now in doubt due to this latest ESG proposal.

 

[barney]

trading halt as I was having a sell order

Damn! That's annoying after today's Announcement Frog

BKY update: Spanish group, Ecological Transition "Ponencia" proposes to prohibit new exploration for radioactive materials (uranium) as their contribution to draft climate change and energy transition bill.

Naturally BKY is opposed, as their uranium project is just about to start production. They are waiting on a final approval which is now in doubt due to this latest ESG proposal.

Similar to what was said on the footy the other night, "What are they thinking"

In my experience, people who object the loudest to Uranium mining often know the least about it.


Anyway, the proposal still has to pass Parliamentary and Senate approvals before becoming enforced.

Given the amount of regulatory approvals the Company already has in place, I'd expect it to fall over, but when the "do gooder" brigade start stomping, anything can happen in the short term.

If I read correctly, The Company had a $180 million market cap and almost $80 million in cash at the last Quarterly?

That's a pretty impressive ratio in anyone's language. If the proposal gets modified favorably down the track, there should be a pretty hefty bounce in the share price you'd think.

 

[qldfrog]

Damn! That's annoying after today's Announcement Frog



Similar to what was said on the footy the other night, "What are they thinking"

In my experience, people who object the loudest to Uranium mining often know the least about it.


Anyway, the proposal still has to pass Parliamentary and Senate approvals before becoming enforced.

Given the amount of regulatory approvals the Company already has in place, I'd expect it to fall over, but when the "do gooder" brigade start stomping, anything can happen in the short term.

If I read correctly, The Company had a $180 million market cap and almost $80 million in cash at the last Quarterly?

That's a pretty impressive ratio in anyone's language. If the proposal gets modified favorably down the track, there should be a pretty hefty bounce in the share price you'd think.

Damage will be done in my systems...

 

[qldfrog]

Damage will be done in my systems...

On paper and outside the narrative, a great company but hey, narrative is rule.we will end up with the crisis we deserve and narrative will not bring food on the table or roof above heads even here in the lucky country

 

[barney]

Almost 2 years since I posted here but @frugal.rock prompted me to have a look ... Thanks Rock! You have your finger on the pulse!

Anyway .... not a lot has changed in many ways ... but

2 years ago they had about $80M in cash with a $180M market cap

Today they still have the same amount of cash on hand with a slightly less MC.

I have no idea how they maintained that cash balance, but I am nevertheless impressed that they have!

Up 17% today with +$half a mil traded ....... with a 2:1 MC vs Cash = mmmm/pay attention perhaps!


At this stage I would treat todays big gap up on Open after such a long hiatus as a reason to be careful, (in the short term.)

But the cash on hand however could change equations very quickly if there is "subliminal" news "lingering" in the wings?

Well spotted Rock!

ps If the Stock were at SP 0.036 rather than 0.36 I would be rather more motivated

 

[frugal.rock]

With sudden bursts of trade such as today, seller's can be a litt slow to the party, thus creating a bit of a Willy Willy updraft.
It's an anomaly alright to which I've formed an opinion, and I consider there's a good chance money could be made here, but it smells a little bit.

If the scent of truth is on one side of a coin, the other side of the coin is the stench of corruption.