Re: Crusher on Site Shugg1eI did post no reason , just wanted to raise some funds for vast OO.In hindsight that was not such a bargain .Was in profit here , i do not like selling at a loss so took from bky Experiences of selling winners so good luck all here.
Re: Legal kerfuffle in Spain I think a handful of tree hugging sandal wearers should be taken very seriously because they have a point; the environment must be saved! Of course the company says that the objectors do not have a case. The famous line, "they would say that, wouldn't they?" springs to mind. You have a product that causes environmental damage and is unviable at current prices and to boot a company that displayed a high level complacency. Hardly an proposition for an investor, but maybe for a gambler.
Breaking out? No I think its breaking out
Re: Crusher on Site Could it be at/near the top of the channel?
Re: Crusher on Site 55p now very odd time to sell as its just starting a rally
Re: Crusher on Site 12/05/2017 ..:- )Sold for 52p... only 1p more then May slice .No advice hinted at i'm sure it will now go higher.
Re: Legal kerfuffle in Spain Doesn't seem to have bothered Global X who have just upped their stake to 8.26% of the issued share capital or the Sultanate of Oman when they invested 65m US$ in the project with commitment to increase to $120. These are not stupid people and will have substantially validated their investment case before proceeding. I'm unpersuaded by this environmental tokenism and regardless of what a handful of tree hugging sandal wearers think, this project will be a resounding success for BKY, its shareholders and for the people of Spain
Legal kerfuffle in Spain Spain's National Audience dismissed a series of allegations presented by Berkeley Energia (ASX:BKY) against a legal action filed by a group of environmentalists who oppose the company's Salamanca uranium project.The open-pit mine is the London/Salamanca-based miner's flagship project and is located on the Retortillo-Santidad uranium deposit near the town of Retortillo, in northwestern Spain.Back in April 2016, members of Ecologistas en Acción and the political party Equo started a legal process alleging that Berkeley's environmental assessment failed to report that the uranium processing activities and nuclear debris disposal at the mine could potentially cause health problems to the residents of surrounding towns.Such accusations were refuted by the company in a document presented before the National Audience on September 22, 2017. According to EFE news agency, Berkeley stated that their environmental assessment was solid, could not be challenged in any court and, thus, the Audience should ignore the activists' allegations.But judges from the Audiences Administrative Litigation Office considered Berkeley's arguments were not strong enough and were also identical to those presented before by the Attorney General before the National Audience, which were also dismissed.Ecologistas en Acción and Equo say this legal development favours their cause. However, in an email statement to MINING.com, Berkeley said that the dismissal of the allegations is purely an administrative matter.The Company and its legal advisors remain strongly of the view that these claims [those of the activists], which have already been dismissed by lower Authorities, have absolutely no foundation and have been lodged solely for the purpose of gaining media coverage. Our experience with the previous claims was that in the build-up to the claims, the Opposition groups made lots of noise, however, when the claims were dismissed, they moved onto the next claim and started the process again.Beyond this legal kerfuffle, the uranium project was also a topic of debate this week at the Castilla y León Legislature. According to Europa Press, the spokesman for the regional branch of the leftist Podemos Party, Pablo Fernández, accused the provincial government of "laying a red carpet" -or making things easy- for Berkeley, so that the miner gets the approvals it needs to start operations at the Retortillo site.However, the president of the Castilla and León government, Juan Vicente Herrera, replied to Fernández saying that he is not either in favour or against the mine and that all he wants is that everything related to the project is done in accordance with the law. [link]
Re: Nice gap up... Well, the news today certainly explains the sharp upwards movement earlier in the month.
Re: planned protests? I wouldn't worry about it there will always be these c^^ts protesting where ever you go it will be the same over here with the planned fracking projects.Eventually they will crawl back under what ever rock they came from i think the fact that locals have welcomed the project says it all really. Looking good on the chart for a sustained rally
planned protests? If true this doesnt sound good[link]
one more point While only 10% of U235 demand is uncovered for 2018 this situation increases rapidly in 2019 and beyond. This is because most energy producers took out long term supply contract at the height of the last cycle and these are due to expire over the next couple of years. Over the next 2 years they will need to return to the market at a time when many producers like Cameco and Kasatomprom have cut production and substantially reduced inventory to meet current demand. Just the catalyst this market needs to get the next bull run on the way. For BKY their timing couldn't be better. They are fully funded low cost and about to go into production at just the time the inevitable market squeeze starts to kick in.
Re: Nice gap up... There has been upward movement across the whole Uranium sector today. Maybe the market is finally realising that most miners in this sector are just not profitable at current spot prices and something has to give. Cameco have recently reduced their dividend and suspended operations at several mines. At the same time Khazakstan ( the worlds largest U235 producer) has cut production by over 10%. May it continue as it has a long way to go to get to a sustainable price
Re: Nice gap up... These sudden movements are always frustrating. The trading volumes don't seem to warrant this size of movement. It could be someone stirring the pot or we might find out in a few days that some Middle Eastern fund has bought a chunk of shares.It would be helpful of companies issued some announcement/explanation/comment when shares move by this amount. I doubt if that will happen!
Nice gap up... Nice gap up on no (apparent) news.a) Will it survive the day?b) What does someone know that we don't?