The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The likes of Putin?
China and India are doing just fine out of it, as far as I can see it just you and I suffering from UK government war policy!
The EU gets 25% of its uranium from Niger according to BBC. Even if Sanchez and the Miteco nutters cling to their dumb ideology, you'd think the EU will now pressure them strongly to get Spain's U resources on line asap. Blindingly obvious. You can't trade with places run by the likes of Putin and coup leaders. Makes Spain complicit in all sorts of horrors and abuses. Come on.
Military coup in Niger now (where 20% of Spain's uranium comes from, to go with the 40% from Russia and 10% from Kazakhstan!!)
Given Spain has the largest U reserves in EU, which can be produced immediately and cheaper, and has the highest joblessness in EU...
.....is it time for the government to do the right thing, stop behaving stupidly and unconscionably by buying from unstable despotic regimes, and instead permit BKY's mine, and which it's lawfully obliged to anyway?!
How do Sanchez Ribera and the Miteco lot even sleep at night, pouring money into these appalling regimes? Time to get tf on with it.
By sheer luck actually in the blue on my bottom feeding punt! Positive about future prospects but unsure of the timescale.
Most commentators seem to be predicting another election later this year. Sanchez seems to have had a good run up to the election and got the leftist and youth vote out. Conversely Feijoo (despite winning) messed up big time, turning down debates, dissing Vox and mishandling interviews and his skeletons etc.
So if he gets it right next time, might he succeed? It'd be good for BKY.
I agree it's oversold but a hold for now till the dust settles imo.
This explains the politics quite well.
BBC News - Spain's conservatives miss out on all-out victory as left celebrates
https://www.bbc.co.uk/news/world-europe-66285245
Looks materially oversold so will attract traders at current levels, the RSI sits around 20, has bounced off this level many times. Could rally back to 25p/30p once the dust settles.
BKY has around £40m in cash.
Just bought 7,500 shares via HL.
I think the drop today is way over done.
As I understand it, there's a small prospect of a leftist or rightist coalition. More likely is a hung parliament and another general election at Christmas.
The legal case is ticking along in the background, but barring a new coalition now we're probably back in limbo till the end of the year.
I suspect BKY won't rev up the legal case yet, pending more clarity on the political situation.
GLA
My only issue with AURA is the current management
Being better than the previous management is not enough
They have taken far too much in remuneration and have raised this year after saying they would not
The usual AURA pump brigade have started pushing it again on twitter
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.