Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Proven asset. Last fund raise over subscribe at 45p. First phase construction started. More exploration to find addition asset. I am not greedy, happy to duble my investment here here, honestly think I will get more! :-))
If I go casino or bet in bookies, then it's a gamble. If BKY fails to follow nd a stretegic partner and dilute shares by 100% to get to production. What SP when production starts in 2019? Will it be higher than todays 48p? :-))
Same old same old. Is it worth just go there for the buffet? Total waste of journey if the food is bad, unless, PA turns up in a different suit or hair cut! Those who make the journey I wish they can stay awake listening to the same old same old........;-))
Supply side destruction is good for uranium future. In the past decade, supply exceeded demand , created large stockpile of unwanted uranium, depress price and prolonged the down cycle. Today, there are too many producer producing uranium and keeping iexcess inventory at unacceptable level. Until some of these miners are forced out of business, the slowly increase in demand not sufficient to drive up uranium price quickly. How much the uranium price goes up depend largely on how much uranium the KAZA intend to produce. KAZA is key because it sit on vast proven asset and able to produce below $15/lb. It flooded the market with cheap uranium before and it can easily do it again. Kaza did it to grab larger market shares, when many of it's competitors go bankrupt, it's no longer wise for kaza to keep uranium price low any longer, at that time uranium will go steadily upward to $40 - $50. At this price range, only the low cost producers like Bky can avoid being driven out of business. Lucky for BKY, once in production, it guarentee a handsome profit at upwards of $40 per lb. There is lot of Cameco Bulls around, they at least have to question whether the company can survive if uranium stays below $50 for next couple of years? It has good proven asset, but they count for nothing if it can not mined for a profit. AIMHO, please do your research and conclusion.
Not doing nothing wrong? So why the court case? Remember Canadian telecom Blackbury? Big mature market leader, almost driven bust by market forces. Next 18 month will be critical to a lot of uranium companies, Cameco included, can they survive the low U price when their LTC expires. I predict lot of them wil go bankruopt if U price fails to go above $45. BKY potentially sold 4m lbs at $42 over 6 years from signed offtakes, likely to make $10m pa profit min. nottoo bad a gamble on current SP. AIMHO.
You must be happy that cameco up its dividend payout. is this logical? Even if the comoany manage to settle out of court, it means no more tax fiddling, how is this impact margin? High value contracts expiring, comoany couldn't make a profit at $45/lb, if u price stays lie for another 12 to 14 months, what will happen? Most utility are fully contracted till end 2018, interesting time ahead!
Last 6 months cuts: Admin cost by 28% Exploration expenditure by 40% Production cost 28% Ongoing capital spending reduction 20% Cameco lost $2m despite MANAGED to sell its uranium at average LTC price of $50//lb, these long time contracts are expiring in next couple of years. If uranium price fails to recover above $50 , cameco will be in serious difficulty. It's problem will accelerate if it lose its $2.4 billion tax court case in Canada, the fine will cripple it's operation. Cameco accounts for 15% of world production, it's demise will help BKY LONG TERM PROSPECT.
Has PA something better to do? What is the point giving same prsentation to same audiance every other week? I should be excited by the crushing circuit arrival on site and the start of construction, instead I totally switched off listening to the same message all the time........crushing circuit.........crushing circuit........crushing circuit.........so for God sake shut up, sond your valuable management time getting the finance sorted and signing up more off take deals.......
Zona 7 Dfs completed in June 2014, production if on schedule starts 2019. It takes BKY 5 long years to bring a relatively straight forward mine into production. With local governments keen to impose stringent regulations and higher tax, the chance of more new mine are unlikely in next 10 years. Soon or later, demand will outstrip supply, uranium price will go up substantially.
cost is important, size matter too, KAZA being the largest producer and been in production longer is stronger than BKY and far more influancial. Whatever, BKY once de risked, will be beautiful investment for patient investors.
Don't for a moment think that Kazahstan is given up its raw ambition of total market domination. It has 15 % of world resource, it's production cost is lowest in the world. Even after its recent 10% cut in output, if it's true, still account for approx 40% of world production. Dumping cheap into the spot market achieve its ambition of weakening competitors and leads to desemation of the sectors. The latest attempt to set up spot trading is just another step to achieve its market domination objective. Most producers can't survuve if the uranium price stays below $40 to $60 when their existing LTC with utilities expires, no new mines project is commercially viable below $65. Once future uranium demand out strip supply, Kaza can increases or decreases its production output to control uranium price, using the spot trading platform its setting up as the perfect vehicle to translate its market domination into handsome financial profit. Fortunate for BKY, being the largest and only Euopean producer with production cost near to that of the KAZA, little Kaza can do to kill or damage its commercial operation going forward. If fact, it allows BKY to tack on its coat tail to rip the benefit of KAZA years of hard work in establishing ways to price manipulation. Well, as other posters pointed out, we are on the cusp of riding a perfect storm, a very profitable one, created by the worlds largest and cheapest uranium producer - KAZA Uranium. AIMHO, :-)).
Utilities are fully contracted in 2017, 80% in 2018. They will finally come out of hiding in larger numbers 2019 and beyond. In the mean time, they are quite happy to take advantage of the current low spot price, but their good time won't last forever, simply because: 1. Increasing number of reactors being planned, built and commissioned. More coming when reactor band wagon gaining momentum partially help by Belt and Road initiative. Japanese restarting its reactors. 2. By 2019, inventory stockpile will be depleted to a more acceptable level. 3. Utilities contracts expiring, low volume spot market not ideal and they have to pay higher price for LTC. 4. Low uranium price will continue to work it's magic to close more mines and bankrupt more miners. No new mine projects for next 2 years and it takes 10 years minimum for any successful mines to come on line. Morden Stringent environmental regulations increase cost and cause more delay. Remember Bky started exploring Rotortiilo in 2006? Production now delayed to 2019, it is taking 13 long years. Other new mines will be 10 - 15 years away. Here is only one outcome for patient Bky investors, we will know soon enough, let's wait a bit and see how things pan out! :-))
Lots of miners are surviving on high value long term contract , most of them are expiring in coming 18 months. Many of theses miners needs a minimum of $50/lb to remain in business, if price fails to pick up, inevitably more mines will close and some miners will go bankrupt. No new mines for next 7 to 10 years. Demands are expected to grow in coming years, BKY starts to produce in late 2018, just perfect timing! Also, worth noting that Cameco tax avoidance court case concludes end year, Canadian suing for $2 billion, negative outcome will seriously damage the world second largest producer. BKY is a great LT investment!
Next week, submit Qs to stefania@cassiopeia-ltd.com.
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-210617
I looked at Aura while back, unless it has leapfrog Bky in recent time,IMHO, Aura is a share attractive to penny share speculators. Anyone who care to make a factual point to point direct comparison bky v aura, bky is a clear winner by radioactive miles! Cost, location, proven asset, time to proction, off take agreement, major shares holders...... etc. AIMHO. :-))
Financial or strategic parner parachuting its own guy to supervise business matters? Time will tell.
Discussion with potential exploration partner (CGN?) is early stage. Today's announcement -so soon after PA China visit - of extensive sampling on 2 targets must be neccessary steps to demonstrate ore potential before signing up drilling partners. IMHO, very positive step forward. The further Zona7 is BKY is good indicator that all is progressing well with CNNC. :-))
Trump wants to pump money to improve infrastructure, but has no money. 50 to 60 percent of American economy rely on guns and weaponry, in guise of democracy, it deliberately destabilise foreign regions, so it can sell arms to prevent a collapse. China recognise this and set out to weaken its grasp by expanding its economics influence by commercial means. In the past, smaller nations dare not to oppose the big brother, but increasingly, countries like phillipine see sense and developed closer tide with China for a peaceful growth and prosperity. Once the Asian regions overcome its fear and agree upon a suitable solution on how to jointly supervise the South China Sea, commercial cooperation will see accelerated growth in the region. Increase prosperity will drive up energy demand, reactors will pop up everywhere and uranium demands will go radioactive. America reactors are aging, trump realise he has not the money to replace them so go for the cheaper coal, gas and oil options. AIMHO. :-))
Pulling out of climate change to creat more coal job is like flogging a dying horse. China committed to put more money in to help developing countries to achieve their climate goals, money to finance infrastrual projects, renewable and nuclear reactors.