BKY - Berkeley Energia
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Re: BKY - Berkeley Resources
Hi guys,
Interesting what has been said about BKY. What strikes my mind is if our government changes its policy toward India for selling U308, which producer is likely to gain the most.
Welcome your thoughts on this.
Happy Easter.
Hi guys,
Interesting what has been said about BKY. What strikes my mind is if our government changes its policy toward India for selling U308, which producer is likely to gain the most.
Welcome your thoughts on this.
Happy Easter.
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Re: BKY - Berkeley Resources
Firstly re AEX, hmm it did slip my post, but hey I can't post all of them up, does it have the backing of a JV group of Financial Institution yet? They are critical to fast tracking a program,
Re AGS I really doubt that an Australian deposit will come into play before one of the numerous overseas deposits, especially since Honeymoon will be the first new mine in like 20yrs or so and that won't start till 07 (decision June/July 06)
Re Worlds biggest Uranium Deposit, Laurie my friends its BHP's Olympic Dam by a long long long shot
1. BHP's Olympic Dam South Aust 1,410,000 U308
2. Cameco's McArthur River in Canada 246,015 U3O8
3. ERA/RIO's Jabiluka N.T. Aust 163,013 U308
4. Aflease's Dominion Reef in South Africa 161,200 U3O8
5. Cameco's Cigar Lake in Canada 158,584 U3O8
6. ERA/RIO's Ranger N.T. Aust 72,051 U3O8
7. BHP's Yeelirrie W.A. Aust 52,500 U3O8
8. Rio's Rossing in Nambia 45,500 U3O8
PDN's Langer Hienrich Namibia 45,000 U3O8
9. Rio's Kintyre W.A. Aust 34,925
10. MTN's Mt Gee S.A Aust 33,000 t U3O8
Sooner or later time will tell but I think it will be BKY!
Also the above table shows why I think that @ $60 - $70m MTN is an excellent take over target!
Firstly re AEX, hmm it did slip my post, but hey I can't post all of them up, does it have the backing of a JV group of Financial Institution yet? They are critical to fast tracking a program,
Re AGS I really doubt that an Australian deposit will come into play before one of the numerous overseas deposits, especially since Honeymoon will be the first new mine in like 20yrs or so and that won't start till 07 (decision June/July 06)
Re Worlds biggest Uranium Deposit, Laurie my friends its BHP's Olympic Dam by a long long long shot
1. BHP's Olympic Dam South Aust 1,410,000 U308
2. Cameco's McArthur River in Canada 246,015 U3O8
3. ERA/RIO's Jabiluka N.T. Aust 163,013 U308
4. Aflease's Dominion Reef in South Africa 161,200 U3O8
5. Cameco's Cigar Lake in Canada 158,584 U3O8
6. ERA/RIO's Ranger N.T. Aust 72,051 U3O8
7. BHP's Yeelirrie W.A. Aust 52,500 U3O8
8. Rio's Rossing in Nambia 45,500 U3O8
PDN's Langer Hienrich Namibia 45,000 U3O8
9. Rio's Kintyre W.A. Aust 34,925
10. MTN's Mt Gee S.A Aust 33,000 t U3O8
Sooner or later time will tell but I think it will be BKY!
Also the above table shows why I think that @ $60 - $70m MTN is an excellent take over target!
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Re: BKY - Berkeley Resources
Of the U hopefuls who do you think will be next into production?
EQN in Zambia closest but are focusing on the copper resource
With BKY I noticed they only have $2m net assets and can't find any releases of reserves/resources since they bought Spanish leases last year... this would seem to be a fair way off ?
PNN have done review of operational feasibility at their deposit (approx 6kt) in SA which concluded they needed more resource and 15mths for approvals (incl SA Govt) - they also need a funder
Advantage AGS have is they have agreement with Heathgate affiliate and the large deposit (33kt) is very near (less than 5km) Heathgate's existing Beverley mine - they will be drilling 06-07 but if all goes well and SA govt approves could be operation 08?
AEX , MTN need financier - MTN is potential takeover
QLD (SMM, VUL) & WA (RPT,NEL) deposits less likely given politics?
DYL, ARU, EME in NT seem too small to be viable (less than 6kt).
any others??
________________
PS I hold AGS & MTN
Of the U hopefuls who do you think will be next into production?
EQN in Zambia closest but are focusing on the copper resource
With BKY I noticed they only have $2m net assets and can't find any releases of reserves/resources since they bought Spanish leases last year... this would seem to be a fair way off ?
PNN have done review of operational feasibility at their deposit (approx 6kt) in SA which concluded they needed more resource and 15mths for approvals (incl SA Govt) - they also need a funder
Advantage AGS have is they have agreement with Heathgate affiliate and the large deposit (33kt) is very near (less than 5km) Heathgate's existing Beverley mine - they will be drilling 06-07 but if all goes well and SA govt approves could be operation 08?
AEX , MTN need financier - MTN is potential takeover
QLD (SMM, VUL) & WA (RPT,NEL) deposits less likely given politics?
DYL, ARU, EME in NT seem too small to be viable (less than 6kt).
any others??
________________
PS I hold AGS & MTN
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Re: BKY - Berkeley Resources
re BKY look harder to find previous estimates of contained uranium,
Also 1m bought off market before opening @ $1.15 more hoarding? ? ? thats $1,150,000 someone seems to want!
re BKY look harder to find previous estimates of contained uranium,
Also 1m bought off market before opening @ $1.15 more hoarding? ? ? thats $1,150,000 someone seems to want!
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Re: BKY - Berkeley Resources
2 sets of 200k orders @ $1.20 = $240k trades
And now a U BOAT @ $1.20
So who likes my hoarding theory?
2 sets of 200k orders @ $1.20 = $240k trades
And now a U BOAT @ $1.20
So who likes my hoarding theory?
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Re: BKY - Berkeley Resources
Stock is pushing ahead,
Looks like the market is backing this one strong, while other Uranium hopefuls flounder, BKY moves ahead nicely!
All aboard for the next PDN
Stock is pushing ahead,
Looks like the market is backing this one strong, while other Uranium hopefuls flounder, BKY moves ahead nicely!
All aboard for the next PDN
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Re: BKY - Berkeley Resources
I like Bky
I also like GIR more
I like Bky
I also like GIR more
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Re: BKY - Berkeley Resources
Markets hunger could not be satisified today another Record High close
Markets hunger could not be satisified today another Record High close
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Re: BKY - Berkeley Resources
20 April 2006
ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE
FORMER CEO OF BRITISH ENERGY PLC AND NUCLEAR ELECTRIC PLC
APPOINTED CHAIRMAN OF BERKELEY
Berkeley Resources Limited is pleased to advise that Dr Robert Hawley, a former Chief Executive of British Energy plc and Nuclear Electric plc, has been appointed a Non-Executive Director and Chairman of the Company.
Dr Hawley is based in London and is acknowledged as an international expert on power generation and energy. He has outstanding technical qualifications and substantial expertise in the nuclear energy industry as well as broader public company management.
Dr Hawley’s experience in managing Nuclear Electric plc and British Energy plc gives him a unique understanding of the nuclear generation sector in Europe. British Energy is the UK’s leading electricity supplier, generating around one fifth of electricity produced. Dr Hawley was CEO from 1995-1997, over the period the company was privatised. Prior to that, he was CEO of its subsidiary, Nuclear Electric plc, which is the largest nuclear generator in the UK, operating 6 commercial reactors.
Dr Hawley has also been Managing Director of CA Parsons and Co Ltd, Managing Director of NEI plc, a Director of Rolls Royce plc, Chairman of Taylor Woodrow plc, an Advisor Director of HSBC Bank plc and is presently a Director of Colt Telecom Group plc and Rutland Trust plc.
He has also been Chairman to the Engineering Council and Deputy Chairman of the Foundation for Science and Technology. He is the author of several books and papers and has presented a number of prestigious lectures. He has been awarded several honorary degrees and fellowships.
Dr Hawley was made a CBE in 1997 for services to the Energy Industry and to Engineering.
The Directors of Berkeley are very pleased to welcome such a renowned engineer and expert in the European energy sector to the Board. Dr Hawley’s appointment as Chairman both reflects and progresses the Company’s strategy to establish itself in Europe as a leading participant in the international uranium supply industry.
In this regard, the Company advises that it will seek to list its shares on the Alternative Investment Market (AIM) in London in due course. Discussions are ongoing with potential advisers and other parties.
Dr Hawley will receive 500,000 options to acquire Berkeley shares at $1.00 per share, to be approved by shareholders in due course.
The Company also advises that Mr Mark Pearce has resigned as a Director of the Company, effective today. The Board records their appreciation of Mr Pearce’s efforts on the Company’s behalf.
I like that give him options to acquire shares @ $1, not 20c or 40c or anything like that but $1, so his interest are closely alligned with ours
20 April 2006
ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE
FORMER CEO OF BRITISH ENERGY PLC AND NUCLEAR ELECTRIC PLC
APPOINTED CHAIRMAN OF BERKELEY
Berkeley Resources Limited is pleased to advise that Dr Robert Hawley, a former Chief Executive of British Energy plc and Nuclear Electric plc, has been appointed a Non-Executive Director and Chairman of the Company.
Dr Hawley is based in London and is acknowledged as an international expert on power generation and energy. He has outstanding technical qualifications and substantial expertise in the nuclear energy industry as well as broader public company management.
Dr Hawley’s experience in managing Nuclear Electric plc and British Energy plc gives him a unique understanding of the nuclear generation sector in Europe. British Energy is the UK’s leading electricity supplier, generating around one fifth of electricity produced. Dr Hawley was CEO from 1995-1997, over the period the company was privatised. Prior to that, he was CEO of its subsidiary, Nuclear Electric plc, which is the largest nuclear generator in the UK, operating 6 commercial reactors.
Dr Hawley has also been Managing Director of CA Parsons and Co Ltd, Managing Director of NEI plc, a Director of Rolls Royce plc, Chairman of Taylor Woodrow plc, an Advisor Director of HSBC Bank plc and is presently a Director of Colt Telecom Group plc and Rutland Trust plc.
He has also been Chairman to the Engineering Council and Deputy Chairman of the Foundation for Science and Technology. He is the author of several books and papers and has presented a number of prestigious lectures. He has been awarded several honorary degrees and fellowships.
Dr Hawley was made a CBE in 1997 for services to the Energy Industry and to Engineering.
The Directors of Berkeley are very pleased to welcome such a renowned engineer and expert in the European energy sector to the Board. Dr Hawley’s appointment as Chairman both reflects and progresses the Company’s strategy to establish itself in Europe as a leading participant in the international uranium supply industry.
In this regard, the Company advises that it will seek to list its shares on the Alternative Investment Market (AIM) in London in due course. Discussions are ongoing with potential advisers and other parties.
Dr Hawley will receive 500,000 options to acquire Berkeley shares at $1.00 per share, to be approved by shareholders in due course.
The Company also advises that Mr Mark Pearce has resigned as a Director of the Company, effective today. The Board records their appreciation of Mr Pearce’s efforts on the Company’s behalf.
I like that give him options to acquire shares @ $1, not 20c or 40c or anything like that but $1, so his interest are closely alligned with ours
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Re: BKY - Berkeley Resources
Hmmmm rising ahead of the release of its qtrly
Hmmmm rising ahead of the release of its qtrly
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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.
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.
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Re: BKY - Berkeley Resources
BKY continues to be hoarded by that Canadian Group, they now hold 10.5% Buying another 2.5m @ close to $1.2 AUD ($1CDN)
So thats 10.5% for this mystery Canadian Investment Group
14% for Areva Energy
Hmmmmm hoarding hoarding hoarding
BKY continues to be hoarded by that Canadian Group, they now hold 10.5% Buying another 2.5m @ close to $1.2 AUD ($1CDN)
So thats 10.5% for this mystery Canadian Investment Group
14% for Areva Energy
Hmmmmm hoarding hoarding hoarding
Re: BKY - Berkeley Resources
Geez. This stock is getting hammered in the last few days. Even today when most other mining stocks are having a good day, it went down 5% yet again.
What's going on with this? Any ideas on why this is happening?
I'm glad I didn't enter at $1.2 yesterday.
Geez. This stock is getting hammered in the last few days. Even today when most other mining stocks are having a good day, it went down 5% yet again.
What's going on with this? Any ideas on why this is happening?
I'm glad I didn't enter at $1.2 yesterday.
Re: BKY - Berkeley Resources
What's the latest opinion on BKY? There hasn't been a post on this thread for nearly 6 months, and today's quarterly report seems to have been greeted with a yawn. Price is down to 78 cents on low continued low volumes. Regards YN.
coladuna said:
What's the latest opinion on BKY? There hasn't been a post on this thread for nearly 6 months, and today's quarterly report seems to have been greeted with a yawn. Price is down to 78 cents on low continued low volumes. Regards YN.
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Re: BKY - Berkeley Resources
BKY has been very dormant on here. I don't know why as they are about to release their JORC resource for Salamanca. As shown by the sp of BKY in recent days the anticipation is building. This will enable BKY to take the next step and keep moving forward. There are so many things to like about this company (RBC Capital has recently released a uranium research and BKY is one of the top uranium plays in the world) like location, grade, tight capital, projects, not a very high market cap....u name it
Anyone else following this one?
BKY has been very dormant on here. I don't know why as they are about to release their JORC resource for Salamanca. As shown by the sp of BKY in recent days the anticipation is building. This will enable BKY to take the next step and keep moving forward. There are so many things to like about this company (RBC Capital has recently released a uranium research and BKY is one of the top uranium plays in the world) like location, grade, tight capital, projects, not a very high market cap....u name it
Anyone else following this one?
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