Member Info for Broxburn68

Really good news for us! Not unexpected. https://sightlineu3o8.com/2018/05/paladin-to-halt-langer-heinrich-expects-uranium-rebound-in-coming-years-australian-mining/ "Supply curtailments such as the one represented with this announcement, together with actions of global peers such as Cameco, Orano and KazAtomprom, could serve to accelerate the anticipated market normalisation" Agree with your takeover theory Stroan....hope we're right!

Hmm..lacks much in the way of detail about potential revenues in the short/ medium term. We need to see this or the possibility of a cash raise within the next year may arise. Could see a slip back in SP today, though I hope I'm wrong. Great outlook looking forward though with multiple new deals signed and in the pipeline.

I don't expect revenues to be great either, boyzee, maybe �500-600k? We'll find out tomorrow! SP dipped a bit last year (about 10% within a fortnight) on the announcement of the results but was trading higher the following week. The good news flow continues strong and fast; the revenues will begin to be booked soon enough. I'm sure we'll be looking at massively different figures in a year or two!

We might also receive an update on the drilling/ exploration programme before the new listings. Good news here or even a resource upgrade would give the launch a welcome boost.

More on IPO from WSJ... https://www.wsj.com/articles/kazakhstan-plans-ipo-of-worlds-largest-uranium-miner-1526567873

Some good news to cheer us all up a bit. Japanese media are reporting that the British government are offering �13.3bn in financial support to Hitachi to build nuclear reactors in Wales. http://www.powerengineeringint.com/articles/2018/05/double-investment-boost-for-uk-nuclear-power.html

Yes indeed, it's a massive market. I'm enjoying this steady stream of good news each month from OPTI; the building blocks are certainly being laid for an exciting future.

I've been looking at the progress of the proposed Kazatomprom IPO (ie. their Swiss marketing subsidiary as I understand it) as a bit of a bellwether for the prospects of a recovery in the uranium price in the next few months and find a lot of encouragement from the indication that the IPO still seems to be on track for Q4 this year. I wonder if there may be any political machinations involved in the Kazakh sell-offs as hinted at in this article, though surely an IPO would not be affected by its very nature. Interesting if it's offered on the Moscow Exchange, though maybe unlikely. Any thoughts? "Rakhmetov [MD of Kazakh Sovereign Wealth Fund] said that his fund does not focus on investors from specific states or regions, the maximum price and the buyer�s reliability being the priority. The U.S. sanctions are an issue of close consideration while choosing an investor, an individual approach is necessary in each case" http://www.1prime.biz/news/_INTERVIEW_Kazakhstan_to_offer_firms_for_sale_to_Russia_soon/0/%7B9563218A-D1B6-4682-92D8-5DC55000104D%7D.uif

Cameco Uranium Price Charts to April: https://www.cameco.com/invest/markets/uranium-price Spot down 5c, long term price level at 13+ year lows. Surely we're at the bottom of this cycle now!

Hi Baht, I'm sure that we're still awaiting final permits for Retortillo.....

According to the latest Quarterly Report, permitting for Retortillo (the first phase of the project) is expected to be completed some time in 2019.

Fair comment. Personally I find this reassuring as well. I must say that I'm impressed by the ambition and forward thinking shown by the company here, especially with regard to the Spanish listing. A higher profile here will certainly improve the news flow due to the local interest aspect.

RNS in Australia last night: https://www.asx.com.au/asxpdf/20180502/pdf/43tqf3nd5p9r39.pdf Looks good news to me if they can increase liquidity of the shares and gain a higher profile for BKY. The Spanish angle looks good thinking; it does look as if there is a decent rapport building between the Spanish authorities and BKY. Good news for our permitting going forward I would hope. An important point to note here is that BKY is NOT planning a public offering in connection with these admissions, so no placings coming. All stays the same with our current hodings.

Hi easyp, personally I think that by far the largest factor in driving up the SP will be any rise in the long term contract/ spot price for uranium. When this happens, who really knows but with U3O8 prices at rock bottom lows at the moment, surely we will start to see some kind of recovery here within the next few months. IMHO I can't see how the Omani deal can have any negative effect on the SP at the present time; it was an excellent deal for BKY and it seems that their investment strategy is definitely long term. Cheers, Brox

Thanks TBBT/ Baht. At least nothing's being hidden in this case! Agree with your "manana" theory; I'm sure that if there was any serious problem with these permits, BKY would be obliged to release an RNS stating as much. Rather an underwhelming response from the markets after this report as may be expected...

I tend to agree that the timescales seem a bit vague. No bad news but nothing to get too excited about either. I thought that there was a Nuclear Safety Council permit to be approved, but there's no mention of this here. Maybe I'm wrong? If the final permits are due to be granted during 2019 as mentioned here, it looks like it may be optimistic to start full production by mid 2019 as previously stated. "To date, the Company has received more than 120 favourable reports and permits for the development of the mine. The Urbanism Commission of Salamanca gave an Express Resolution for the granting of the Authorisation of Exceptional Land Use. With the Mining Licence, Environmental Licence and the Authorization of Exceptional Land Use the next major approvals are the Urbanism Licence by the municipal authority and the Construction Authorization by the Ministry of Energy, Tourism and Digital Agenda for the treatment plant as a radioactive facility. Approvals for the Zona 7 deposit are progressing well, the Exploitation Plan, the Reclamation and Closure Plan, the Environmental Impact Assessment and the Initial Authorization are complete and have all now been submitted to the relevant authorities. The final approval is expected during 2019 as previously announced."

Yes indeed. I spoke too soon about these dark pool trades!!

Well, the March 2018 Quarterly Report should be released tomorrow or Friday. I'm just hoping for some real news to get us all excited about BKY again. Maybe an update on the Nuclear Safety Council radioactive use permit, maybe an update on drilling/ exploration results... Long term/ spot price is unbelievably and unsustainably low at the moment; that's what is holding our SP down. This can't last for much longer surely. https://www.cameco.com/invest/markets/uranium-price However, it's been good to see quite a lot of buying activity here lately by smaller PIs lately, plus the larger dark pool trades/sells seem to have reduced significantly. Go on Paul, cheer us up!!

Global X doesn't hold any Aura shares (yet) easyp, so I don't really see any correlation there. Even with today's rise they're still about 22% down compared to this time last year (BKY 2% down in same period), though the potential upside of Aura, being at a much earlier stage, could be greater. Good luck over there though!

New York-based ETF provider Global X Funds has announced that the Global X Uranium ETF (URA US) will transition to a new index, the Solactive Global Uranium & Nuclear Components Total Return Index. https://www.etfstrategy.co.uk/global-x-funds-uranium-etf-to-adopt-new-index-33882/ https://www.globalxfunds.com/content/files/URA-sumpros.pdf Stocks in the new index are screened for liquidity and weighted according to free-float market capitalisation. A specific capping methodology is used at the time of the semi-annual index review to enhance diversification. The maximum weight of a �pure play� company is 20%, with �non-pure play� company weightings capped at 4.5%. Further, the sum of weights of all components that have a market capitalisation smaller than $100 million must not exceed 5%. The fund is expected to begin implementation of the change on or after 2 April 2018. The main point from our perspective is that as our market cap, even at his low SP, is c. $180m so we would not fall into the category of the restricted percentage of small caps. This suggests that we would not be a target for selling off to fulfil this criteria.... We'll see I suppose.