Agree that a TSX listing is nonsense ... Whatever it was ... it can't be denied that it was important enough for the founder and chairman to travel together for a meeting At this point in the industry's migration to the cloud and projections of the speed it will happen ... don't bet against any curved balls presenting themselves here
FBT1 ... yes it looks like FBT is on the turn ... I'll have some more tomorrow as well It just looks too cheap for what we have going on The sellers completely dried up mid 5's and that price lingered for days which tells me that was the bottom IMO
Baht Agreed. BKY have been flagging the desired finance route for 12 months now and they'll only agree it once they need the next tranch of cash. Paul has said all along that they will want to raise the majority via a sale of around 20% of the project at a price closer to NPV. When they execute the deal it will be the equivalent of a placing at a significant premium to the current MCAP so in BKY's case this will be a positive event. A strategic partner would benefit hugely from coming into this project as it would likely involve offtake arrangements which will be important for them to secure Uranium from a safe jurisdiction
I see Paul is firing up the PR Machine recently ... another interview today https://www.brrmedia.co.uk/broadcasts/58fa26e1ad2a006c3094cce5/berkeley-energia-pre-construction-activities-advancing-at-salamanca
They're also doing extremely well on lowering costs ... these are all documented within the DFS and so far they are beating them time and time again, this all bodes well for profitability. Clearly the company had an opportunity to reveal any concerns around permitting etc but obviously didn't need to as per Paul's Investor Show presentation
Got my blog finished and it's published via Bonkers site. For info .. I've been invested in BKY on/off for ages and if you look back on the history of this BB I've posted loads in the past. The blog is meant to be a 'one stop shop' for newbies to research. If you have any questions or feedback on things to add/change please tweet me on @162shares https://mobile.twitter.com/162shares/status/856228773074698244
Got my blog finished and it's published via Bonkers site. For info .. I've been invested in BKY on/off for ages and if you look back on the history of this BB I've posted loads in the past. The blog is meant to be a 'one stop shop' for newbies to research. If you have any questions or feedback on things to add/change please tweet me on @162shares https://mobile.twitter.com/162shares/status/856228773074698244
Uranium prices will do what it will do in the very short term, valuing BKY on today's U price is pointless as we're not in production. Current U prices are built into forecasts such that BKY will deliver annual cash of $226m with Net Profit after tax of $116m. With a MCAP of £114m that's some serious cash! However, that's half the story because as we enter the much anticipated supply crunch, prices will come under pressure as they did in 2007 and BKY is highly geared to U prices. If it can make $116m pa on the bottom of the cycle .. just what can they make on the upturn?? Buying into BKY at £114m MCAP and 18 months away from production will be seen (IMO) as a rare value opportunity I'm preparing a BKY blog this weekend and hope to publish it late Sunday .. the more time I spend writing ... the more it sinks in the huge opportunity it is ...
After this re-trace from 70p, the next rise will have massive legs from here... We are of course entering the time that BKY will secure the strategic partner at a price close to NPV... There are some real significant events due in Q2 that could land anytime, including securing an exploration JV or more off takes BKY is a steal right now ... I notice in the presentation, Paul states that the company is in the middle of producing a reassurance note for shareholders around the planning protests ... that alone will trigger a re-rate as it takes that issue off the table
Been buying in heavily here yesterday and today ... I'm very familiar with BKY and this is bargain basement prices. Can't believe we're being offered the chance to buy below last years placing price ... oversold on all technicals
It does cover the US Tech player: "The extended proof of concept with the broadcaster, which covers a workflow that includes the editing software of a major US technology player, is expected to conclude towards the end of the calendar year"
Now we know why the SP hasn't been rising pre-POC outcome. Positive is that is still involves all parties and it's been extended which blows any concerns away that it was failing and in any way was related to Aziz departure Happy to be patient here
By the way Shylock also reports on 'revenue' comparison figures to try to say the company isn't growing which is the whole flawed argument. The revenue is 'historic' due to the time lag and its the 'invoiced sales' which is the guide to current growth. Shylock argues the revenue is flat Year on Year at £700K where, actually, it was '£1m invoiced sales' up 42% YoY. This is misleading to investors here and he peddles the same BS with US growth i.e. not using US 'invoices sales'. This is not covered separately by the company, however David Main confirms that international sales are growing 17% and the US is now their second biggest market. Once again I urge all investors to watch the presentation rather than listen to any BS Shylock peddles here
Scotlouie .. Didn't think he would ... I can't see his posts but apparently he's been deleted some of his previous posts according to posters here ... disgraceful! .. and he stands for 'Balance' ... ha pure BS mate By the way this bit was also word for word what David Main said... On the fundraisings he confirms these were done to make a the balance sheet strong so they could talk to larger companies about bigger and bigger deals. He explained when that happens your balance sheet comes into scrutiny and it can now withstand the scrutiny of large players interested in whether or not we're going to be around for multiple years. The fundraise was a very important key event for them which was very important commercially not just for the sake of having cash on the balance sheet."
Just watched the video and whilst he isn't a confident presenter, the latter part was very factual especially around the numbers and confirms what we have been saying for a while about growth and invoiced sales being the better metric to focus on due to lead times of invoice to service delivery. They get these 59% in H2. He also says approx 85% of the deferred revenues carried forward will hit the deck 2017 which puts to bed the nonsense peddled by one person here. He also said: "Internationally we're growing around 17% and the US is the second now our second biggest market in the growing market for us" Sounds like some guy asked about the POC and he said ... "I don't think we can talk about that quite frankly, we're under strict restrictions on that ..." On the fundraisings he confirms these were done to make a the balance sheet strong so they could talk to larger companies about bigger and bigger deals. He explained when that happens your balance sheet comes into scrutiny and it can now withstand the scrutiny of large players interested in whether or not we're going to be around for multiple years. The fundraise was a very important key event for them which was very important commercially not just for the sake of having cash on the balance sheet. That of course puts to bed the BS argument that they did the raise as they couldn't sign off the 'going concern' statement. I would highly recommend all investors watch this video presentation