Personal and undiluted views
BKY

15 days ago

Tom Winnifrith Bearcast: those magic words "I have 700 Euro for you here in cash" worked perfectly

I start with swimming pool news then look at today’s shocking Vast Resources (VAST) expose HERE. Then onto Berkeley Energia (BKY) – another reason to be glad about Brexit – then onto Cineworld (CINE) and Nightcap (NGHT). I save my football take for my own website HERE.

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221 days ago

Berkeley Energia – Salamanca project further gradual progress, still a risk/reward buy?

Berkeley Energia (BKY) has announced progress including an authorisation renewal and the Spanish Supreme Court rejection of an opposition appeal against its Salamanca uranium project.

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345 days ago

Berkeley Energia – argues “a significant permitting milestone”...

Previously updating on Berkeley Energia (BKY) last month with the shares at 29p we noted there remain clear bureaucratic hurdles to overcome but at least progress was being made and economics in support of the project increasing given the current macro situation. Now “Urbanism Licence Granted for Retortillo”…

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362 days ago

Berkeley Energia – recommended extension of ‘Initial Authorisation’, further upside potential?...

Berkeley Energia (BKY“notes that the Board of the Nuclear Safety Council has issued a favourable report for the extension of the validity of the Initial Authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project following a board meeting held on the 22 July 2020”

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402 days ago

Berkeley Energia – states “not aware” of why better recent share price… then provides some reasons!...

Shares in this company have more than trebled since we last advised folks to by. The more proactive Australia Securities Exchange made a “price and volume query” after recent increased volumes and share price in Berkeley Energia (BKY) – and the company has now produced its response…

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497 days ago

Berkeley Energia – interims, remains a speculative buy

Berkeley Energia (BKY) has reported on its half year ended 31st December 2019 as it “continues to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine”

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724 days ago

Berkeley Energia – quarterly report, still a buy into any ST inspired weakness Monday

A quarterly report from Berkeley Energia (BKY) emphasising “initiatives… aimed at further enhancing the company’s strong engagement with its key stakeholders in Spain”

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744 days ago

Berkeley Energia – “Strategy and Management Changes” = CEO resigns. Why?

What the hell is happening at Berekely Energia (BKY)? A “Strategy and Management Changes” announcement from Berkeley sees the shares currently slightly lower below 19p, albeit still up from sub 10p at the beginning of this year…

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760 days ago

Berkeley Energia – commences initial battery & EV metals drill programme

Berkeley Energia (BKY“is pleased to announce the commencement of its initial (six hole) drill programme to test for critical battery and EV metals across its large licence holding in Western Spain”

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774 days ago

Berkeley Energia – welcome election result and new exploration licences

Berkeley Energia (BKY) has announced it “welcomes municipal election result and is awarded three new exploration licences”

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785 days ago

Berkeley Energia – responds to ‘price and volume query’ (not from the London market authorities, natch)

Berkeley Energia (BKY) has responded to a ‘price and volume query’ received from the Australian Securities Exchange. This with the shares sparking having been heading down towards 15p last Friday (natch, it’s not the London market authorities being proactive)…

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807 days ago

Podcast: A New Uranium Bull Market is Approaching

We have a small exposure to Uranium via Berkeley Energia (BKY) but its shares are driven by the Spanish approval process more than the uranium price. But I can’t say i’d be averse to a bull market in yellowcake. 

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830 days ago

Podcast: A Recovery for Uranium is Now Unfolding

We have a small exposure to Uranium via Berkeley Energia (BKY) but its shares are driven by the Spanish approval process more than the uranium price. But I can’t say i’d be averse to a bull market in yellowcake. 

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842 days ago

Tom Winnifrith Bearcast: Reviewing my portfolio

In this podcast I look at the  growing mini bond scandal as I flag up another ponzi waiting to collapse today HERE. Then I do a review of my own bull portfolio: Optibiotix (OPTI), Yourgene (YGEN), Concepta (CPT), Big Sofa (BST), Wishbone (WSBN), Kefi (KEFI), Reach4Entertainment (R4E), Falanx (FLX), Fox Marble (FOX), Berekely Energia (BKY) and Argo Blockchain (ARB). I did not mention Fox in the podcast so I'll do a seperate update later. Finally: why have you not joined the roll call of heros HERE? I say a few extra fucktards on that count.

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865 days ago

Berkeley Energia – interims, frustrating but the potential remains: BUY

Berkeley Energia (BKY) has announced results for its half year ended 31st December 2018 including that “outstanding items” re. a permit “have been previously disclosed and are currently being addressed by the company”

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999 days ago

Does Safran know that its employees threaten journalists? Ref Antonio Mateos and Berkeley Energia

I am contacted on twitter, as you can see below, by a man claiming to live in Spain who opposes Berkeley Energia (BKY) and its plans to create thousands of jobs at Salamanca. I do not wish to deny the poor the dignity of work this chap does. Follow the thread for it ends with a clear threat - I should stay away from the project...

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1002 days ago

Berkeley Energia – a more positive permitting update

Berkeley Energia (BKY) has updated that it “has been advised by the Nuclear Safety Council that it was not the source of the widely circulated media reports that the government was intending to deny the permits for the Salamanca mine” and “is continuing to work with the Nuclear Safety Council in progressing the necessary approvals for the Salamanca mine”

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1015 days ago

Tom Winnifrith Bearcast - only just home & fecking livid

I explain why I am only just home from London and thus livid, elaborating on this piece just up on the complete and utter bastards at Hotels.com.  In the podcast I cover last night and Premaitha (NIPT) and Falanx (FLX) and also Berkeley Energia (BKY) and Flybe (FLYB). Warning - very bad language alert.

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1028 days ago

Tom Winnifrith Bearcast: back from my hot Indian dentist babe but I can't speak properly

I cannot really speak properly. Forgive me, there is good reason. However I offer comment, breaking rumour and analysis on Tern (TERN),  Purplebricks (PURP) and the plight of the shorter, Berkeley Energia (BKY) and planned yellow journalism by the tossers at the FT and Audioboom (BOOM) and management spoofery.

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1093 days ago

Berkeley Energia – a mixed bag quarterly update, but the investment case remains intact

A latest quarterly report from Berkeley Energia (BKY) includes “the government of the region demonstrated its continued support for the Salamanca mine in June when it rejected a resolution from opposition groups requesting that the company's potential €250 million investment be halted”, though also there’s been “issued a notice to the municipality recommending that the Urbanism Licence should not be awarded until two outstanding items regarding the licence are resolved”

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1138 days ago

Podcast: Doug Casey - uranium may be my favourite commodity right now

Buy shares in Berkeley Energia (BKY)!  Okay that is what I think, you want to hear from veteran investor and libertarian thinker Doug Casey.

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1157 days ago

Uranium is the Horse that Starts Slow, But Wins the Race

Joseph Grosso runs a uranium company so, of course, he is talking his own book. But Steve and I have tipped Berkeley Energia (BKY) so agree with the thesis outlined in the latest Palisade Capital podcast.

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1162 days ago

Berkeley Energia - a buy

A Buy at a 20p offer price share tip in September 2015, the gain on shares in Berkeley Energia (BKY) was banked at a 56p bid price in October 2016 on a 20% one day rise thanks to a newspaper tip. At that point we noted how we could see how, on a fundamental basis, the shares are worth 100p+ looking at the numbers thrown off by the definitive feasibility study and that we may re-enter if the shares come back allowing us to buy with a margin of error. The company has since made significant progress, but the shares not and so…

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1174 days ago

Uk Investor Show 2018 Video - Alternatives to oil for energy forum

This panel was chaired by our own Gary Newman and featured uranium cheerleader Paul Atherley of Berkeley Energia (BKY), coal bug Andrew Bell of Regency Mines (RGM) and waste to power enthusiast Keith Allaun of Powerhouse Energy (PHE).

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1175 days ago

UK Investor Show 2018 Video - Paul Atherley of Berkeley Energia

It is time for Steve Moore's favoured play in the mining sector, Berekely Energia (BKY) headed up by Paul Atherley

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1180 days ago

UK Investor Show 2018 Video Gold & Mining session - Frisby, Van Dyke, Atherley et al

 Chaired by Brian Kinane of Riverfort this was a real clash of ideas and featured Dominic Frisby, Paul Atherley of Berkeley (BKY), Richard Poulden of Wishbone (WSBN), Peter Bird of Asiamet (ARS) and - making a very welcome return - Amanda Van Dyke, now a fund manager.

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1342 days ago

A Move in Long Term Uranium Spot Price will Drive a Buying Frenzy

 Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis.  In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.

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1371 days ago

The Underground World of AIM - Why a top broker has it a bit wrong

A top broker, who shall remain nameless, has this morning had a go at AIM regulators. His ire is prompted by a meeting in a pub where Berkeley Energia (BKY) presented to retail investors. It was by all accounts packed which, since I am a loyal shareholder, pleases me. But I just do not understand what is wrong here.

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1373 days ago

Can we buy you a drink? Says Berkeley Energia

I like Paul Atherley of Berkeley Energia (BKY). He is honest, likeable and capable and runs a company that looks very interesting indeed - yes we have a few shares!. That puts him in the 1% as far as AIM bosses go. And so here is a message he put out today,. If you are bored and fancy a drink next week and happen to be in the hell hole that is London...what Paul says in their message should get you excited about his company. Over to Mr Atherley...

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1462 days ago

Why Uranium Must Reach $60 by 2020

Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.

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1724 days ago

Berkeley Energia $25-30 million placing - back to that Peel Hunt buy note

In the disclosures at the back of Tuesday's detailed buy note on Berkeley Energia (BKY) by Peel Hunt which the broker wants me to take down, it states that the company is a corporate client but does NOT say that "5. Peel Hunt is Broker to this Company and therefore provides investment services to the Company" As it happens it is joint broker.. The note is HERE and as you can see with the shares at 47p Peel Hunt said that they were a buy worth 98p to 159p Three days later there is a placing of $25-30 million at 45p and guess who is building the book?

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1724 days ago

Tom Winnifrith Bearcast: I have a proposition for PR fecking genius Steffi

I start with a quick discussion on how we in the UK just don't get US politics and explain why Donald Trump will win - in fact he is already 8% ahead you read it HERE first! Then I explain why Peel Hunt is probably going to bully me with a lawyers letter regarding the Berkeley Energia (BKY) note HERE.  My proposition for Steffi is not to make an honest woman of her...that would be going too far but concerns her worthless client Golden Saint Resources (GSR) and is prompted by her unhappiness at my earlier Bearcast Special HERE. I look at Andalas (ADL), Greka Drilling (GDL) and BlueRock Diamonds (BRD). I am now trying to renew my father's parking permit with Warwickshire County Council and have been kept hanging on a line for ages by the incompetent bastards. String em up with piano wire.. 

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1728 days ago

Peel Hunt: Berkeley Energia at 47p worth up to 159p

Peel Hunt, which is no joke as a broker, has initiated its coverage of Berkeley Energia (BKY) at 47p with a claim that the shares should hit 159p. It argues that "Berkeley’s development plans show a high IRR due to the low capital requirements, high margins and attractive cash generation. The location in Spain provides a strategic advantage in geopolitical security which is sought-after by off-takers. We therefore initiate coverage with a Buy rating and a 93p R-NAV,our short-term target. As the company progresses through permitting, financing and development milestones, we would expect the shares to trend towards our 159p NAV."

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1751 days ago

Video: Paul Atherley of Berkeley explains why a low uranium price is good news

This is not a bad video and is quite interesting on both the market and also the very clear bull case for Berkeley. It is short as well so if you are a Berkeley Energia (BKY) fan it is well worth watching.

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1759 days ago

Berkeley Energia - FY Report and also Amec News...it is all good stuff

The only matter of note in the Berkeley Energia (BKY) annual report for the year to June 30th 2016, in terms of financials, is cash and trade receivables. They totalled $18.6 million which is a very comfortable position to be in. What is really interesting are the footnotes. We quote:

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1768 days ago

Berkeley LOI - look at the proposed pricing!

Berkeley Energia (BKY) has announced it has signed a Letter of Intent relating to the sale of the first million pounds of production from its Salamanca uranium project – with an average contemplated price of above $41 per pound comparing with the current spot price of around $25 per pound. Way to go!. No wonder we are c150% up on this share tip!

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1803 days ago

Berkeley Energia - we are now almost 150% ahead on this share tip - what next?

We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 48p-49p so I hope there are no complaints out there on this tip. What next? The most recent news of note was the Quarterlies. The actually numbers are academic but the only paragraph that matters states:

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1835 days ago

Berkeley Energia: we are now almost 100% up on this share tip after DFS - more to come

We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 39p-41p after the publication of a Definitive Feasibility Study (DFS) confirming that its Salamanca project in Spain will be one of the world’s lowest cost producers capable of generating strong after tax cash flow, even during the current low point in the uranium price cycle.

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1867 days ago

Opportunity in Uranium is the Best in Decades

We own shares in Berkeley Energia (BKY) which we think is a cracking investment whatever happens to the uranium price. But there are some folks who are mega sector bullish. Uranium is the ultimate contrarian investment and the most hated commodity because of it’s use in nuclear power, but recently environmental groups have gotten behind nuclear power. Nuclear power is 20% of US power overall. The constant power generation and the ability to store power make nuclear the backbone of the electricity grid.

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1883 days ago

Uranium is set to go boom ..the next big thing

I am not sure about that although I am a shareholder in, still cheap, Berkeley Energia (BKY) so hope this is the case. Anyhow, this week's podcast from Amanda Van Dyke's colleagues at Palisade Capital is with George Glasier who argues that increasing worldwide demand for uranium cannot be met by existing supply. Taking a new project into production is a tedious process meaning supply crunches are inevitable. The current price is so low that mines have been shutting down. This comes at a time when nuclear power plants are being built at incredible speed. That is the bull case...enjoy.

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1897 days ago

Video: Dragon's Den Session 2 at UK Investor with Berkeley Energia, Xtract Resources & BMR

The second Dragon's Den session at UK Investor saw myself, Steve Moore & Gary Newman invest £1000 each. Our choice was Xtract Resources (XTR), Berkeley Energia (BKY) and BMR Mining (BMR). Watch for the claim made by Jan Nelson of Xtract.

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1901 days ago

Video: Paul Atherley of Berkeley Energia at UK Investor Show

Post the Dragon's Den sessions we found ourselves owning shares in Berkeley Energia (BKY). Steve and I reckon these shares are worth at least 45p, watch the video to see why we are so excited. Incidentally when we first tipped them at 20p, Brokerman Dan Levi said this was a rotten tip and stuck the knife in. Time for an apology Mr ex bank robber?

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1901 days ago

Berkeley Energia - spectacular fund raise news - we upgrade big time

In that rarest of moves for an AIM-listed company, Berkeley Energia (BKY) has announced new financing from a major shareholder which includes new equity at a premium to the currently prevailing share price. Following several months of due diligence, mining-focused private equity firm Resource Capital Funds is to provide $5 million through a 0.375% net smelter royalty and a further $5 million for new shares at 32p each. The latter compares to a closing high share price since 2013 of 31.75p earlier this month and a pre placing close of 30.25p – these up from 26p at the start of the year and more than 50% on our share tip.

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1916 days ago

Berkeley Energia - good news from Spain sees us 40% up on this share tip

Berkeley Energia* (BKY) has updated that a definitive feasibility study on its Salamanca uranium project “is well advanced and is due to be published in June”, with the company’s confidence emphasised by the commencement already of initial infrastructure work at the project.

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1957 days ago

Berkeley Energia Interims and more - buy

Berkeley Energia (BKY) has announced half year results, that contractors have been selected for power line and road works and that “with all major approvals in place and with the strong support and backing of the authorities, activities on the ground will commence shortly”.

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1986 days ago

More Salamanca news from Berkeley: the shares still a buy

Berkeley Energia* (BKY) has announced the commencement of a major exploration programme at its Salamanca project following an extensive geological review. The shares are a buy.

Based on recently reinterpreted geophysical data and historical drilling information, the review is noted to have identified eleven new targets which have the potential to host the new style of mineralisation discovered at the ‘Zona 7’ deposit. Two rigs have commenced the programme, with the other targets to also be tested over the next few months.

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1998 days ago

Berkeley Energia general update - all on track, buy at up to 25p

Berkeley Energia* (BKY) has announced a new company presentation and a quarterly report for the period to the end of 2015. All is on track.

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2004 days ago

Very impressive drilling news from Berkeley - buy

Berkeley Energia (BKY) has announced results from a three hole drilling programme at its Zona 7 deposit – which have highlighted “a possible extension to the mineralisation at depth”

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2048 days ago

Video: Paul Atherley, Chief Executive of Berkeley Energia presents at Gold & Bears November 2015

Next up is my old friend Paul Atherley of Berkeley Energia (BKY) presenting at Gold & Bears. For what it is worth these shares are cheap and a buy. Enjoy

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2064 days ago

Berkeley Energia - upgrade

The now-named Berkeley Energia (BKY) has updated that “optimisation studies have commenced on the Salamanca project which are expected to reduce the operating costs making it amongst the world's lowest cost uranium producers once developed”

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2089 days ago

Numis ups target price for Berkeley Energy shares from 40p to 100p - you what?

I know that the news from Salamanca last week was big but this big? Big enough for Numis to up its target price for shares in Berkeley Energy (BKY) from 40p to 100p? The shares are now 26.5p? Really?

I think the shares are cheap but my target price is only 36p. But then I am not paid to act as corporate broker to this company. Numis is. The note is worth a read but 100p? Numis is surely 'avin' a bubble. 

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2092 days ago

Berkeley Energy - cracking news from Salamanca: target price raised

In an announcement entitled “Zona 7 transforms Salamanca project economics”, Berkeley Energy (BKY) has announced the results of a pre-feasibility study which shows “the project now has a Net Present Value of $871.3 million (£580.9 million) with an internal rate of return of 93% based on a discount rate of 8% and a long term uranium price of $65 per pound”

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2093 days ago

Tom Winnifrith Bearcast 4 November: Inspirit Confetti for the fire tomorrow?

On today's podcast I start with a couple of risers: Berkeley Energy (BKY) - where's my apology Brokerman Dan? And Optibiotix (OPTI) - you know I am not totally useless at long tips. Then onto the losers: Galasys (GLS), TyraTech (TYR), Northern Petroleum (NOP). Then it is Golden Saint Resources (GSR) where I also try to help out hapless compliance officer the Northern Slum refugee Richard "Gollum" Gill by explaining the rules about a financial promotion.  I missed out FastJet (FJET) - down on weak passenger data, can anyone remember anyone involved in its IPO who might be a red flag? Then I turn my attention to David Lenigas, the boiler room and Inspirit (INSP).

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2116 days ago

Berkeley Energy - updated JORC resource: very good news!

Berkeley Energy (BKY) has announced an updated JORC compliant mineral resource and reiterated that “the inclusion of the important Zona 7 deposit is expected to fundamentally improve the economics of the Salamanca project, even at current uranium prices, by significantly increasing the mine life, the production rates and by reducing the operating costs”

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2137 days ago

Buy Berkeley Energy at a 21p offer

Investment Case: Sector: “Mining”. Therefore, it is not a surprise that, having been above 100p just over 4½ years ago and 30p 2½ years ago, shares in what was Berkeley Resources, now Berkeley Energy (BKY), traded down towards 11p earlier this year. However, the last few months have seen a recovery to a current 21p offer price and, having largely (and correctly) avoided the sector here thus far, we now sense investor confidence is at least near the bottom. This together with recent developments at Berkeley give us the confidence to now add the shares to the Gold (really mining) portfolio, considering there the potential for further good gains from here in even just a relatively stable investment environment for the industry. Should sentiment actually decently improve – as it will at some point – we should be really off to the races here… Our initial target price to sell is 30p.

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