retortillo
17 Mar 2017
A gift for numberbiter [link]
shugg1e
17 Mar 2017
Re: Environmental crime Looks good great updatenice to see it on the rise today
AuGment
17 Mar 2017
Re: Environmental crime dont know about that. The crime would be to leave grades like those just published in the ground. its positively radioactive there! Great update.
retortillo
16 Mar 2017
Environmental crime [link]
AuGment
15 Mar 2017
Re: Stoped Stoped - whatever that means.There is always risk associated with investing but you only need to read the half year report to see that this company has executed its plan very successfully to date. This company is debt free (which for an AIM explorer is unheard of), has doubled its cash reserves over the period from 30th June and contacted at least 1 major consumer into a long term offtake at a very attractive price. But the most impressive thing about this company is that all of this has been achieved at the low point in the Uranium cycle when other businesses are closing mines ( e.g. Cameco). Now that world inventories of UxC are starting to reduce, Japans reactors come back on line and China/India commit to greater use of clean energy; demand for Uranium will inclease. We've already seen sharp upward movement in the spot price earlier this year which, I believe, will continue as UxC markets move closer to deficit from 2018 onward. As I've said previously the investment case for BKY is compelling and I for one will remain invested here and in other quality Uranium producers who are also starting to see SP improvement following the upward turn in the cycle.
numberbiter
13 Mar 2017
Re: Stoped Not neceasarily, the time the profits roll in (later than you expect) many speculators will have pulled out and the price will be not much better than today's 55p. Of course, if they never move into profit I won't have lost anything. If you like a gamble, maybe a punt on the Grand National will offer better returns,
rickylfc5
13 Mar 2017
Re: Stoped If you wait for the profits to roll in you will miss the rise
numberbiter
13 Mar 2017
Re: Stoped I DO understand they are still building the mine! The point I am making is that future profitability is purely speculative. You are buying into a project that you HOPE will make sufficient profit to justify the current price of the share. It is based on the price of uranium increasing, which does not take into account the competition. So, this share is simply a speculative gamble.I might buy into the company, if and when they move into profit. I am sorry a dose of reality upsets you.
shugg1e
13 Mar 2017
Re: Stoped jog on fella if your not interested.i dont see the point of your posts if your not invested.
rickylfc5
13 Mar 2017
Re: Stoped Numberbiter - the reason its making losses (which you fail to grasp) is that they are still BUILDING THE MINE - the market cap of this Company is around £150 m so making a profit of £90m is fantastic (although you have to factor the mine life into the valuation) - my target of 3 x is cautious but I am hopeful of £2.50 plus
numberbiter
13 Mar 2017
Re: Stoped Ricky, there has to be something wrong with your figures. If your production rates and pricing are correct then when in full production the company will make around $117 million per year. As the company will have no debt at that time the shares would be worth at least ten times more than today's 55p, not three times. The problem you have with this company is that it is a 'gonabee'. It makes huge losses, but one day it might make a profit. I know from experience that these 'gonabees', even if they are good, always take longer to move into profit, by which time the speculators have lost interest and sold up.While this company is just eating cash the share price is bound to go down, as speculators with a nervous disposition move out. The time to buy is when the company declares its first profit; until then it is pure guesswork as it may never happen. I agree that if the company declares a profit then I might have to pay more than 55p per share, but then I am not the one taking the huge risk.
shugg1e
12 Mar 2017
Re: Stoped Thats the biggest load of tosh i have ever seen on a BB for a long time and shows your are clearly cluelessWorth 5p a share lolMr market does not value shares like that markets dont lie and dont careGetting back to basics good to see the previous resistance now acting as classic support building a nice platform ready to launch higher for the next leg up.Igonore that 5p numpty i dont think he realises they are still building the mine.
rickylfc5
12 Mar 2017
Re: Stoped Numberbiter - that was just about the mist riculous ill informed posting i have read in many a year - where do I start??Bky is a mining company that is now spending it's funds in creating a Uranium mine (of course there won't be any revenue because they are still building the mine you numpty)The mine will start producing next year at an extraction cost of around $15 per pound of uranium - although the spot price of Uranium is around $25 currently ( still profitable) Bky are signing longer term contracts at $40 ++ this is expected to increase as the Uranium market tightensBky will be producing 4.4 million pounds of uranium per year at a margin of around $30 per pound ++ ( if you are a numbers man you can calculate the profits) hence the share price which I expect to treble at least over the next 3 years
numberbiter
12 Mar 2017
Re: Stoped I don't understand Spanish, but I can read accounts. For four full years this company has had no revenue (the revenue in the accounts are interest earned and R&D grants). Over the last four years the interest earned has reduced year on year as the cash pile has gone down. It has accumulated losses of $100 million+ and just burns cash, The company has raised new funding that should keep it going for three years, but there is no evidence that there are any prospects for the future, The company mines uranium and admits that at current prices it cannot be profitable. The hope is that as more nuclear power plants come on board the price will go up.. Intangible assets in the Balance Sheet is capitalised R&D and if you take this out net asset per share is less that 5p. This figure will go down, of course, as more cash is burnt off.So the thousand dollar question is why would anyone pay 55p per share for something currently worth 5p per share, and falling? Only an out and out gambler would go near this share and anyone with such a mentality would be better off having a bet on the Grand National.
shugg1e
02 Mar 2017
Re: Stoped Why do you keep posing in Spanish?Firstly we can not understand itSecond the mine is being built and everything is looking rosy so we as shareholders are obviously not interested in your protests.Looking ready to turn up for the next leg.
