Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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If flundra is right and the permits and production happen in the next 12 months then BKY a good investment. While there is a general bullish sentiment on uranium see link, the risk is will the permits be issued quickly or at all? I am cautiously optimistic and willing to buy more shares on news re the permits.
https://seekingalpha.com/article/4370120-cameco-gamble-on-rising-uranium-prices
It was interesting to see KAP are not increasing production (compared with Cameco who are (Cigar Lake)). Must be a tricky call, but it seems to be starting.
Now really would a perfect time to permit BKY, build and get into production.
It ticks all the boxes - no debt and substantially funded, huge resources, high grade, infrastructure in place, exploration potential. A massive clean energy project in a socially and economically deprived area.
Some chunky share trades going through too.
What does this mean please?
Just to update from last week - the URA ETF rebalancing (hopefull) expectation didn't come off for BKY (not included).
Dave85 broadly agree, I also hold CCJ Cameco and Energy Fuels UUUU. I have also been in and out of Yellowcake YCA and note they have been buying back their own shares for some months. I am hopeful that the Uranium Market will spike on more reactors and fuel orders, geo political issues and pure speculation on the element from big players like CCJ.
BKY is a riskier punt as it is not yet in production but as the EUs only Uranium mine it might do very well once the permits are in place. At the mo BKY a speculative punt but once it has the permits and is producing ore then a long term buy and hold.
Just to update from last week - the URA ETF rebalancing (hopefull) expectation didn't come off for BKY (not included). On the positive side CCJ bellwether on the up yesterday off the back of KAP announcing continuation of production reduction thru 2021.
https://twitter.com/stianflage/status/1296070474347106314
https://kazatomprom.kz/en/media/view/kazatomprom_announces_2022_production_plans
80p to £1 seems possible this year to me as derisking and uranium fundemtenals (+ spot price seasonality effects) sink in through H2
AIMO ATB
@easyp - yes, a good idea to take some profits, especially if you bought in sub 35p, as a decent increase.
I was later in, so best to wait I think, even thouhg I would have made a few bob yesterday.
You're probably right about a bit more pull back before the permits announced. Unless news (keeps) filtering out in Spain.
The permits are the key here as you well know, as the potential is great, plus other precious metals they are drilling for. The Urananium market generally is a little subdued of course and the price needs to hold.
I saw the different prices and changes, the actual price for Madrid is slightly higher than London ,they never match though of course
Bit odd today. -3% ASX, +8 Madrid, -6 London. Not entirely fungible perhaps, or some exchange arbitrage at play perhaps.
Maybe, but I sold a third of my holding yesterday on the 30% spike as I felt the price was way ahead of the news and now content to sit and wait before buying more. I would not be surprised to see the price deflate further until some firm news on the permits is announced.
Madrid is moving up again, 47p, so a good buying opportunity on the dip I'd think
https://www.marketwatch.com/investing/stock/bky?countrycode=ES
Another two Price Monitoring Extensions and it looks like the MMs want to get a big increase in price in place in one day, another 2 hours left yet.
Hi Andrew. OK, just seen your post. I do like CNR of course, but as I am relatively new to BKY, I am keen to stay with the momentum and THE permit as you say. Seems a lot of upside left here yet I think.
That said, I will get raise some funds ( from coins I have) to use on CNR, as it's a solid investment especially with gold prices remaining high, which I'm sure will be for some time - thanks again
18-Aug-20 12:20:39 51.00 200,000 Buy* 47.00 50.50 102.00k
Alwaysone this pretty much a copy of my post over at Condor...... this year has been a bit of a spectacular ride for BKY and if they get THE permit then it's game on for Uranium production in Spain - unlike CNR they are fully funded to construct. That said, I've significantly reduced my exposure to BKY yesterday in favour of CNR (perhaps a little early but profit is profit). I do feel that CNR will explode to the upside in a similar manner once we have the mill sorted and funding in place, I am now massively heavier in CNR.
Has to be...been mentioned prior before an RNS, read back -- the Spanish for you but looking very good
Can't see it just being a re-rate, but what do I know
Leak?
Looks like the start of another fiesta on the Madrid Bolsa
Yes, Madrid flying as is London now
Wonder if that's why the price monitering last night, but MMs wouldn't know ahead of the game........
https://www.marketwatch.com/investing/stock/bky?countrycode=ES
Something is happening, it's really motoring.
Up to 0.54 euro in Madrid now.
No idea easyp as to why price moniterings went up. Mind, the price still ticks up, which is good, especially when Spain is very slightly down at the moment, but then the Aim price was a bit behind anyway last night. I had expected an MM pull back after the run it's had...let's see. I'm not lucky enouhg to have bought low or sub 30s but lot more to be had here I think. Buy on any dips when they come.
No RNS, any view as to what is going on alwaysone?
Two price monitering extensions after close??
Brave was buying them back in mid March for pennies which I did as I concluded that the only way was up or bust. I have sold a few thousand since then to take some profits but am still in the red over all. As others say if the permits start to be granted then this mine is a great long term hold and 39p a reasonable entry point if not then its a bust. The latter seems unlikely given the shares traded in Madrid over the past month.
I'm never brave......
Copied from ADFN fyi
old but worth a read hxxps://www.sharesmagazine.co.uk/article/berkeleys-nuclear-re-rating The ‘prize’ asset within Salamanca is Zona 7, a shallow high-grade deposit that has grown in size following exploration over the past year or so and ‘transformed’ the overall project economics, according to Atherley. The company says the deposit increases Salamanca’s mine life from 11 to 18 years and reduces the operating costs from $24.60 per pound to $15.60 per pound. That is more than half the current uranium price ($34.5 per pound on a spot basis). ‘If we can optimise Zona 7, we could get to be one of the lowest cost producers in the world, and the biggest uranium project in Europe.’ uranium185557778 Hurdles to clear Zona 7 is much higher grade than Retortillo but Berkeley is not yet in a position to start production with the superior section of Salamanca. Atherley says that each section of the mine will need its own permits, in accordance with the Spanish mining system. That means more paperwork before Zona 7 can get the green light