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I am not invested but might be this year as I think the sp drop an over reaction. The real drive for nuclear energy including fuel will come from Brussels not Madrid. If the EU changes its position on Nuclear Power then Madrid will be under pressure to grant the permits. My only uranium punt at the mo is AURA and they are lobbying Sweden hard to reverse their decision on Uranium mining. Sorry if you lost money today, the election a false dawn.
They commented on the election without stating the obvious
20p share price incoming
Bad result for Spanish economy last night, even worse for BKY
No guarantee the conservatives win the expected 2nd election by year end
What now do you reckon? PP + VOX is still under half the total seats. Is SUMAR an obvious left-leaned party? Ifso, PP will need at least 2 other minority parties to team up the coalition.
Https://www.bbc.co.uk/news/live/world-66278516
Beeb running a live reporting page.
And assuming tomorrow's a normal trading day in Oz I guess BKY will open on the ASX tonight around the time the election result is apparent!
Time to buy back in tomorrow morning.
A shift in the political wind direction in the UK&EU.
London by Election lost by Labour because of ULEZ.
In Germany AfD on the march as their economy collapses.
Election today. First exit polls 8pm, and a clear voting picture by midnight. Still looks like it'll most likely be a PP victory with no majority, and a coalition with Vox.
The next few weeks could be very significant for BKY. Permits should more likely be forthcoming under a PP led government.
All the opinion polls give PP victory (albeit no majority). Except one....the poll by the government appointed pollster lol!!! Kind of says it all about the election, the current government, and the nature of Spanish politics.....
Https://www.euractiv.com/section/politics/news/pp-leader-urges-socialists-to-let-him-govern-avoid-pact-with-vox/
Interesting to see how PP are lining up PSOE to take responsibility for Vox in government! A PP/Vox coalition still seems most likely.
Coil price formation from June 2020, suggests a price forecast of 188.5, however potential resistance from long term down trendline at 40, which is nearby. Relative strength is above 50 on both weekly and daily charts , which is bullish.
The polls are consistently giving PP a clear lead (albeit no majority) so they'll probably have a mandate to lead and form the next coalition government. Vox is the most likely coalition partner to get them past the 176 seat post.
When a firm of the calibre of Herbert Smith are behind BKY's "strong opinion" that the government's refusal to permit is "not legal", it's pretty certain they're right. Overlay the politics, ie PP's and Vox's pro-nuclear stance, and it's likely we'll see withdrawal of the lawsuit and permits given in short order if they get in.
Maybe 40p+ by the election, 50p+ on a PP/Vox coalition and 60p+ on permits and top up funding.
50% up in June. On course for plenty more.
I agree, it's still speculative.
This recent run has me firmly in profit after passing the break even point a month ago. We've been here before so the decision now is whether to hold or take profits. Tricky!
Nice to see BKY on the up, awaiting news before buying back in. Why? Lived and worked in Spain for a few years and the people and politics are corrupt so the permits by no means guaranteed yet.
To be fair, imo they are in the UK, USA and EU. One explanation is this, how many elected representatives are qualified and experienced engineers or scientists? Now pose the same question of the civil servants here and abroad. How many chartered engineers end up in public service? Getting a government 20 yrs ago to look seriously at the science and engineering of so called Green Policies was almost impossible. Today, as the cost of Net Zero Lunacy becomes apparent the political classes are desperately looking for a face saving way out.
In and out of this so many times in the past… been out a while now but starting to look interesting .. problem is I’ve thought that before lol
...less than 10% cos. BKY's opportunity is infinitely better!!!
Strong buy imo.
Looks like it's still heading for a PP/Vox coalition next month, which would likely translate into permits for BKY.
Feijoo with 50% PM prediction. Spanish government is always about messy compromise, so Spain'll get one of the radical left or radical right with a role in government, whatever happens. The hard left have had 2 terms now and understandably it looks like the electorate's saying enough of their unhelpful chaotic influence. Can Feijoo box clever and get this right? Maybe agree a role for Vox in energy policy, including permitting Salamanca, that being the overdue, right and lawful thing to do. And it being Vox's policy. Feijoo and Vox could then more easily ditch some of Vox's nastier policies.
So this share is potentially a multi bagger in a few weeks.
Shouldn't PIs be all over this?!!!
There's appetite for cash strapped oil explorers drilling exploration wells with a
Worth keeping an eye on the polls.
https://en.m.wikipedia.org/wiki/Opinion_polling_for_the_2023_Spanish_general_election
Looks like PP will keep a good lead but not get a majority. They'd have to go in with Vox. Sanchez using that to try and get the leftist vote out in force. Interesting that Citizens and Podemos are effectively defunct now.
Yep, the election result will point investors as to which way Madrid will swing on the permit issue.
Pouring concrete at the bottom of the market, I'm sure some of us would love to meet him on the street
Back above the 52 week high, looking positive.
Perhaps a steady rise into late July then a spike up if the election delivers a PP led government.
It's high risk and there's no guarantee of permits, for sure. Good points well made easyp and you may prove to be right staying on the sidelines for now. Spain’s such a political shambles sadly.
Contrarian maybe, but now's the perfect time for a PI to buy a few imo. Bombed out SP. Perfect storm brewing. Strong possibility of permits from a favourable government come end July. Fall back of strong court case progressing in tandem and well underway. U bull market. U supply squeeze. Increasing support and acceptance of nuclear's expanding role in clean base load energy, IEA's strong criticism of naysayers, perfect project for the region's socio-economic needs, simple safe low cost high profit ready to go mine etc.
It's worth the risk now imo. The SP should rocket on permitting. There'd need to be a lot of headroom still at that point to warrant a PI buying then.
Strong buy.....once they have the permits imo.
Watching but not invested.
Https://twitter.com/quakes99/status/1664381931168088064?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
U stocks up strongly today. Bull market now. Cameco recommend John Quakes.
If BKY can get these last permits now (via a new govt or successful court case) the SP should really fly. The top up funding and off takes etc shouldn't be hard to get. Strong buy imo.