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Paul, maybe the soup gag has run it's course now. You seem like a bright guy but it's not really appropriate to post comments that would be better sent to Roy "Chubby" Brown's scriptwriter.
Paul, maybe the soup gag has run it's course now. You seem like a bright guy but it's not really appropriate to post comments that would be better sent to Roy "Chubby" Brown's scriptwriter.
There's some information on the 232 petition and the Uranium market in today's YCA Quarterly Report which may be of interest:
"While trading volumes during the first quarter of 2019 remained above those experienced during the first quarter of 2018, aggressive sellers entered the spot market in mid-March offering progressively lower offer prices in order to complete transactions prior to quarter end.
UxC reported total quarterly spot market volumes at 18.4 million lbs U3O8, up by one-third from the comparable period in 2018, when 13.8 million lbs U3O8 were transacted. Uranium producers and trading entities were the identified buyers, while nuclear utilities reduced their near-term purchasing programs due to ongoing market uncertainty stemming primarily from the Section 232 investigation in the United States.
Section 232 of the Trade Expansion Act of 1962 authorises the U.S. Secretary of Commerce to "conduct comprehensive investigations to determine the effects of any article on the national security of the United States." In response to a formal petition filed by two U.S. uranium producers, the U.S. Department of Commerce (USDOC) initiated an investigation in July 2018 to assess the impacts of the importation of foreign-source uranium.
The USDOC submitted its report and recommendations to the Trump Administration on 15th April 2019. The White House has 90 days to respond to the report and either take "no action" or take its own course of action which could take the form of tariffs or quotas.
The uncertainties surrounding the potential outcome of the Section 232 investigation have caused U.S. nuclear utilities to moderate their uranium purchasing programmes until completion of the 232 process, which may not conclude before mid-July.
Looking ahead to the second calendar quarter of 2019, spot market activity is expected to be determined, in part, by the status of the 232 investigation and the form and timing of the White House response. However, there remains a general expectation that prices will have an upside bias as utilities make discretionary purchases and, importantly, financial buyers look to re-engage the market."
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=YCA&ArticleCode=zw4tz2bd&ArticleHeadline=Quarterly_Operating_Update
I think some of you guys should brush up on your maths a bit ;)
I think that the gold from Honduras is / has been traded in the USA as opposed to Dubai for logistical reasons.
Can't find anything in the press about the decision, flundra, but I'll post as soon as I find any update. I would be fairly confident that you're right about further court proceedings which may take several months.
It's massively frustrating that a project such as this is held back by paranoid, short sighted and incoherent policies of an already discredited government.
I'm not sure that the BOD can release such statements when court proceedings are ongoing, so there may be good reason for the lack of public communication, however frustrating it may be.
I would recommend dropping the company an e-mail and perhaps arranging a chat with Sean Wade. I found him to be open and willing to answer questions as candily as he could when I spoke to him previously.
The political situation may well end up in a similar PP/VOX coalition in Castilla y Leon after the May regional elections too according to opinion polls. The Cs will probably continue to be serial abstainers, so hopefully not too much obstruction with regard to the Urbanisation permit. Matnotan may further enlighten us here? https://en.m.wikipedia.org/wiki/2019_Castilian-Leonese_regional_election#Opinion_polls An interesting excerpt from the QR is as follows: "The Company recently undertook a full strategic review where various potential opportunities were identified, including other business development opportunities and a platform for future growth. The Company will communicate these to shareholders should anything develop further." Could this suggest that BKY may be considering circumventing the need for the near-term granting of the CSN license in the case of further delays, and proceeding with mining of non-uranium resources? This link is from the website of one of the main environmental anti mine activists, Jesus Cruz. It states that several mining research permits were definitively approved in January. He's not too happy about this, mind you.. https://jesusenlared.blogspot.com/2019/01/berkeley-minera-espana-sl-y-sus.html?m=1 The soup thickens....
Yes, this might force RP's hand to get a statement out sooner rather than later. Looks like rumour mongering from some on Twitter, nothing more.
Yes, it's pretty extortionate and will eat into gains in the portfolio over time. It will be interesting to see how YCA compares. I'm quite tempted to buy back in here at this SP...
I think that in time the unfounded paranoia over the use of nuclear power will subside. The statistics and research are there for all to see, if people want to. It may take quite some time, probably a nationally self-inflicted energy crisis, to reinforce this point. It would take a very narrow minded view to suggest that all is fine with the future of energy generation; no oil, no gas, no coal, no nuclear..? There has been no coherent or realistic alternative energy policy put forward..or have I missed something?
It certainly looks like a shrewd piece of business for YCA to place at this moment when U prices have taken a fairly sudden dip. Dilution to buy further stock is the short term business plan. If you believe in the bull case for uranium this share will be a useful tracker to the prevailing price. The caveat to ownership to me, having bought and sold for a very modest profit in the last few months, is the costs incurred by the company. There is a commission charge that is siphoned off to a related company plus storage charges for the bought stock. We'll not see a quantifiable figure until the accounts are published. The question may be that is this a better option than a simple tracker fund such as GCL?
News like this is why Wishbone is determined to make a socially responsible impact on Africa and its environment. We are in advanced discussions with a number of African nations to assist in safe & sustainable development of artisanal/small scale miners:
https://www.theguardian.com/global-development/2019/apr/09/you-often-get-sick-deadly-toll-illegal-gold-mining-south-africa-durban-deep?CMP=share_btn_tw
Here's a Reuters report on today's happenings. There's been no dramatic drop in the SP which would suggest that it's a done deal with regard to the CSN appointments. Time may be running out for the PSOE..? "Berkeley Energia has appealed to Spain's Supreme Court against the nomination of new members to the country's nuclear safety council (CSN), which is due to assess the Australian company's uranium mine project near Salamanca. The court, in a document released on Thursday, said it had rejected a request from Berkeley to urgently suspend a government decree last week which named four new members to the CSN's five-strong board, which rules on the safety of nuclear and radioactive facilities. The proposed new members include an ecological activist, who has campaigned against Berkeley's mine project. The court gave the government 10 days to offer its side of the story before deciding how to proceed. Once the court receives the government's response to the appeal, it must decide whether to suspend the nominations. In the ensuing months, it will rule on whether they were legal." http://news.trust.org/item/20190404163940-15fkg/
I'm sure he won't take it that badly.....!
The PSOE have certainly been busy filling all these positions haven't they. It's somewhat ironic that they are passed by "royal decree" from their point of view! Doesn't change the fact that there is an appeal to the Supreme Court. I can't translate the pdf's unfortunately, but I'm still living in hope that there's a fantastic soup recipe in there somewhere..
That sounds a bit like retracting your original assertion, matnotan...
As stated the appointments are being appealed to the Supreme Court. It's misleading and wrong to give the impression that these positions have been finalised. If the appeal fails well done to you, but how badly would this reflect on Spain? Overseas investors would see that a political system which allows totally inappropriate appointments to important public bodies (eg Castejon) would be an unacceptable political threat. I wonder if your fellow villagers in Villavieja and those in Retortillo thank you for denying them the opportunity of earning a good living for themselves an their families? Or is keeping the patio of your second home free from nasty dust more important?
Nothing concrete happening with ths CSN situation; the PP have gone to the Supreme Court to appeal the appointments as expected. https://www.abc.es/economia/abci-pp-recurre-supremo-nombramientos-consejo-seguridad-nuclear-201904011721_noticia.html Also, I watched this video which was posted on the Hot Copper website and feel it's worth posting here. You can skip the first 5-6 minutes if you like, but Michael Schellenberg puts forward a compelling environmental case for nuclear energy. The Franco/ German statistics are especially interesting IMHO.... https://youtu.be/N-yALPEpV4w Most U shares holding up well despite the recent dip in Spot Price.
We are thrilled to be joint winners of the @UKInvestorShow’s final Dragon’s Den pitch of the day sponsored by Turner Pope Investments. Well done also to @tekcapital& @kefiminerals #UKIS2019 https://mobile.twitter.com/WishboneGoldplc/status/1112015988248199170?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
@WhaGwaan, I really don't get what you're trying to put across. I've had a look at your posts and every single one of them seems to be a negative snipe on a variety of AIM shares. If you have an interesting back story in investing, please share with us.