Berkeley Eng Share Price (BKY)

Yes, time for common sense to make a long overdue comeback. Mustn't get ahead of ourselves but....

If a new sensible govt who'll give the permits does come in, BKY will need to update strategy. Maybe put the international arbitration on ice, and switch their efforts to appealing in the Spanish supreme Court the annulments of the regional and local authority licences. Time will be of the essence, Spain seems quite volatile atm, the legal processes take forever, with governments perhaps unlikely to last long. Get everything sorted before an unfriendly regime returns if possible.

Monday will be interesting when Sanchez is due to announce his intentions. I suspect he's frantically trying to work out if his missus' dodgy dealings could stick to him and finish him.

We only have to sit this stupidity out until common sense prevails.

Https://www.politico.eu/article/spain-prime-minister-pedro-sanchez-threatens-to-resign/

Here's a thought. Last 2 paragraphs of this suggest one scenario of Sanchez resigning and calling a snap election. PP is 8% ahead of the Socialists in the polls. A PP led nuclear friendly government if elected might then permit the BKY mine, later this year even. Wishful thinking maybe but not impossible.

Https://www.reuters.com/world/europe/spain-pm-sanchez-says-he-is-suspending-public-duties-reflect-future-2024-04-24/

More reasons for Spain's dodgy government to permit BKY's mine, act lawfully and stop cynically manipulating institutions like the CSN by appointing anti-nuke activists to the board to force unwarranted political goals.

https://www.kitco.com/opinion/2024-04-23/miners-ignore-softer-uranium-price-0

Given the increasing global recognition of nuclear energy's importance to energy security and decarbonization, the demand for uranium is forecasted at 338 million pounds in 2040, requiring the supply to double by then. (New mines needed).

The geopolitical situation in Niger has intensified in March. (Spain sources U from Niger)