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Berkeley Energia – Salamanca project further gradual progress, still a risk/reward buy?

2020-12-18 14:59:19

Berkeley Energia (BKY) has announced progress including an authorisation renewal and the Spanish Supreme Court rejection of an opposition appeal against its Salamanca uranium project.


Berkeley Energia – argues “a significant permitting milestone”...

2020-08-13 09:30:00

Previously updating on Berkeley Energia (BKY) last month with the shares at 29p we noted there remain clear bureaucratic hurdles to overcome but at least progress was being made and economics in support of the project increasing given the current macro situation. Now “Urbanism Licence Granted for Retortillo”...


Berkeley Energia – recommended extension of ‘Initial Authorisation’, further upside potential?...

2020-07-29 09:22:29

Berkeley Energia (BKY) “notes that the Board of the Nuclear Safety Council has issued a favourable report for the extension of the validity of the Initial Authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project following a board meeting held on the 22 July 2020”...


Berkeley Energia – states “not aware” of why better recent share price… then provides some reasons!...

2020-06-21 15:31:45

Shares in this company have more than trebled since we last advised folks to by. The more proactive Australia Securities Exchange made a “price and volume query” after recent increased volumes and share price in Berkeley Energia (BKY) – and the company has now produced its response…


Berkeley Energia – interims, remains a speculative buy

2020-03-14 18:19:58

Berkeley Energia (BKY) has reported on its half year ended 31st December 2019 as it “continues to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine”


Berkeley Energia – quarterly report, still a buy into any ST inspired weakness Monday

2019-08-04 16:27:14

A quarterly report from Berkeley Energia (BKY) emphasising “initiatives… aimed at further enhancing the company's strong engagement with its key stakeholders in Spain”


Berkeley Energia – “Strategy and Management Changes” = CEO resigns. Why?

2019-07-14 17:59:18

What the hell is happening at Berekely Energia (BKY)? A “Strategy and Management Changes” announcement from Berkeley sees the shares currently slightly lower below 19p, albeit still up from sub 10p at the beginning of this year…


Berkeley Energia – commences initial battery & EV metals drill programme

2019-06-27 12:10:00

Berkeley Energia (BKY) “is pleased to announce the commencement of its initial (six hole) drill programme to test for critical battery and EV metals across its large licence holding in Western Spain”


Berkeley Energia – welcome election result and new exploration licences

2019-06-15 09:42:52

Berkeley Energia (BKY) has announced it “welcomes municipal election result and is awarded three new exploration licences”


Berkeley Energia – responds to ‘price and volume query’ (not from the London market authorities, natch)

2019-05-31 12:02:00

Berkeley Energia (BKY) has responded to a ‘price and volume query’ received from the Australian Securities Exchange. This with the shares sparking having been heading down towards 15p last Friday (natch, it’s not the London market authorities being proactive)…


Podcast: A Recovery for Uranium is Now Unfolding

2019-04-19 12:00:03

We have a small exposure to Uranium via Berkeley Energia (BKY) but its shares are driven by the Spanish approval process more than the uranium price. But I can't say i'd be averse to a bull market in yellowcake. 


Berkeley Energia – interims, frustrating but the potential remains: BUY

2019-03-15 02:11:25

Berkeley Energia (BKY) has announced results for its half year ended 31st December 2018 including that “outstanding items” re. a permit “have been previously disclosed and are currently being addressed by the company”


Does Safran know that its employees threaten journalists? Ref Antonio Mateos and Berkeley Energia

2018-11-02 08:20:37

I am contacted on twitter, as you can see below, by a man claiming to live in Spain who opposes Berkeley Energia (BKY) and its plans to create thousands of jobs at Salamanca. I do not wish to deny the poor the dignity of work this chap does. Follow the thread for it ends with a clear threat - I should stay away from the project...


Berkeley Energia – a more positive permitting update

2018-10-30 14:30:35

Berkeley Energia (BKY) has updated that it “has been advised by the Nuclear Safety Council that it was not the source of the widely circulated media reports that the government was intending to deny the permits for the Salamanca mine” and “is continuing to work with the Nuclear Safety Council in progressing the necessary approvals for the Salamanca mine”


Berkeley Energia – a mixed bag quarterly update, but the investment case remains intact

2018-07-31 08:00:00

A latest quarterly report from Berkeley Energia (BKY) includes “the government of the region demonstrated its continued support for the Salamanca mine in June when it rejected a resolution from opposition groups requesting that the company's potential €250 million investment be halted”, though also there’s been “issued a notice to the municipality recommending that the Urbanism Licence should not be awarded until two outstanding items regarding the licence are resolved”


Berkeley Energia - a buy

2018-05-18 01:00:35

A Buy at a 20p offer price share tip in September 2015, the gain on shares in Berkeley Energia (BKY) was banked at a 56p bid price in October 2016 on a 20% one day rise thanks to a newspaper tip. At that point we noted how we could see how, on a fundamental basis, the shares are worth 100p+ looking at the numbers thrown off by the definitive feasibility study and that we may re-enter if the shares come back allowing us to buy with a margin of error. The company has since made significant progress, but the shares not and so…


Uk Investor Show 2018 Video - Alternatives to oil for energy forum

2018-05-11 00:43:56

This panel was chaired by our own Gary Newman and featured uranium cheerleader Paul Atherley of Berkeley Energia (BKY), coal bug Andrew Bell of Regency Mines (RGM) and waste to power enthusiast Keith Allaun of Powerhouse Energy (PHE).


UK Investor Show 2018 Video - Paul Atherley of Berkeley Energia

2018-05-08 04:21:01

It is time for Steve Moore's favoured play in the mining sector, Berekely Energia (BKY) headed up by Paul Atherley


The uranium market looks set for an upturn and Berkeley Energia will benefit - buy

2018-03-31 06:48:14

Berkeley Energia (BKY) was once one of the more popular shares on AIM, and there was plenty of interest as its share price rose steadily on speculation.


Berkeley Energia – tip of the year update

2018-03-15 09:25:34

One of my two tips of the year, Berkeley Energia (BKY), has announced half-year results – these for its period ended 31st December 2017…


Berkeley Energia & Goldplat – tip of the year updates

2018-02-23 09:33:14

In December, I detailed my share tips of the year for 2018; uranium-focused Berkeley Energia (BKY) and precious metals company Goldplat (GDP). The following updates…


Berkeley Energia – tip of the year update

2018-01-26 01:10:21

Shares in my first tip of the year for 2018, Berkeley Energia (BKY) remained around the 57p offer price until starting to drift last week and continuing this. The company has updated with a quarterly report…


Can we buy you a drink? Says Berkeley Energia

2017-10-24 00:20:29

I like Paul Atherley of Berkeley Energia (BKY). He is honest, likeable and capable and runs a company that looks very interesting indeed - yes we have a few shares!. That puts him in the 1% as far as AIM bosses go. And so here is a message he put out today,. If you are bored and fancy a drink next week and happen to be in the hell hole that is London...what Paul says in their message should get you excited about his company. Over to Mr Atherley...


Berkeley Energia – short-term sentiment obscuring long-term value?

2017-10-10 01:55:21

Recent results from Berkeley Energia (BKY) emphasised it’s “focussed on developing Europe's largest uranium project, the Salamanca mine” and a “US$120 million sovereign wealth fund strategic investment to bring Salamanca into production”. The end August announcement of the latter helped the shares return above 50p, but they have currently slid back to 47p…


Why Uranium Must Reach $60 by 2020

2017-07-27 00:14:13

Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.


Video: Paul Atherley, MD of Berkeley Energia, presents at UK Investor Show 2017

2017-04-20 03:56:47

In this video from the storming success that was the 2017 UK Investor Show, Paul Atherley, Managing Director of Berkeley Energia (BKY), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.


Video: Dragon's Den #5, featuring, Concepta, Sanderson, Kefi Minerals, BlueJay Mining, and Berkeley Energia at UK Investor Show 2017

2017-04-16 02:09:25

In this video from the storming success that was the 2017 UK Investor Show, in the 'Dragon's Den' companies have a 60 second pitch to Gary Newman, Tom Winnifrith, and Steve Moore for three £1,000 investments. This fifth and final round features Concepta (CPT), Sanderson (SND), Kefi Minerals (KEFI), BlueJay Mining (JAY), and Berkely Energia (BKY). And make sure that you keep April 21 2018 free for next year's UK Investor Show.


Berkeley Energia $25-30 million placing - back to that Peel Hunt buy note

2016-11-04 04:15:04

In the disclosures at the back of Tuesday's detailed buy note on Berkeley Energia (BKY) by Peel Hunt which the broker wants me to take down, it states that the company is a corporate client but does NOT say that "5. Peel Hunt is Broker to this Company and therefore provides investment services to the Company" As it happens it is joint broker.. The note is HERE and as you can see with the shares at 47p Peel Hunt said that they were a buy worth 98p to 159p Three days later there is a placing of $25-30 million at 45p and guess who is building the book?


Peel Hunt: Berkeley Energia at 47p worth up to 159p

2016-11-01 04:27:40

Peel Hunt, which is no joke as a broker, has initiated its coverage of Berkeley Energia (BKY) at 47p with a claim that the shares should hit 159p. It argues that "Berkeley’s development plans show a high IRR due to the low capital requirements, high margins and attractive cash generation. The location in Spain provides a strategic advantage in geopolitical security which is sought-after by off-takers. We therefore initiate coverage with a Buy rating and a 93p R-NAV,our short-term target. As the company progresses through permitting, financing and development milestones, we would expect the shares to trend towards our 159p NAV."


Video: Paul Atherley of Berkeley explains why a low uranium price is good news

2016-10-10 04:14:07

This is not a bad video and is quite interesting on both the market and also the very clear bull case for Berkeley. It is short as well so if you are a Berkeley Energia (BKY) fan it is well worth watching.


Berkeley Energia - FY Report and also Amec is all good stuff

2016-09-29 04:32:57

The only matter of note in the Berkeley Energia (BKY) annual report for the year to June 30th 2016, in terms of financials, is cash and trade receivables. They totalled $18.6 million which is a very comfortable position to be in. What is really interesting are the footnotes. We quote:


Berkeley LOI - look at the proposed pricing!

2016-09-22 01:55:59

Berkeley Energia (BKY) has announced it has signed a Letter of Intent relating to the sale of the first million pounds of production from its Salamanca uranium project – with an average contemplated price of above $41 per pound comparing with the current spot price of around $25 per pound. Way to go!. No wonder we are c150% up on this share tip!


Berkeley Energia - more great drilling results but does it matter?

2016-09-07 00:27:31

We already know that Berkeley Energia's (BKY) Salamanca uranium resource in Spain is commercial so does it really matter if it serves up more good drill grades?


Berkeley Energia - we are now almost 150% ahead on this share tip - what next?

2016-08-20 06:18:57

We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 48p-49p so I hope there are no complaints out there on this tip. What next? The most recent news of note was the Quarterlies. The actually numbers are academic but the only paragraph that matters states:


Berkeley Energia: we are now almost 100% up on this share tip after DFS - more to come

2016-07-17 05:00:07

We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 39p-41p after the publication of a Definitive Feasibility Study (DFS) confirming that its Salamanca project in Spain will be one of the world’s lowest cost producers capable of generating strong after tax cash flow, even during the current low point in the uranium price cycle.


Video: Paul Atherley of Berkeley Energia at UK Investor Show

2016-05-13 00:39:47

Post the Dragon's Den sessions we found ourselves owning shares in Berkeley Energia (BKY). Steve and I reckon these shares are worth at least 45p, watch the video to see why we are so excited. Incidentally when we first tipped them at 20p, Brokerman Dan Levi said this was a rotten tip and stuck the knife in. Time for an apology Mr ex bank robber?


Berkeley Energia - spectacular fund raise news - we upgrade big time

2016-05-12 00:44:31

In that rarest of moves for an AIM-listed company, Berkeley Energia (BKY) has announced new financing from a major shareholder which includes new equity at a premium to the currently prevailing share price. Following several months of due diligence, mining-focused private equity firm Resource Capital Funds is to provide $5 million through a 0.375% net smelter royalty and a further $5 million for new shares at 32p each. The latter compares to a closing high share price since 2013 of 31.75p earlier this month and a pre placing close of 30.25p – these up from 26p at the start of the year and more than 50% on our share tip.


Berkeley Energia - good news from Spain sees us 40% up on this share tip

2016-04-28 06:10:59

Berkeley Energia* (BKY) has updated that a definitive feasibility study on its Salamanca uranium project “is well advanced and is due to be published in June”, with the company’s confidence emphasised by the commencement already of initial infrastructure work at the project.


Berkeley Energia Interims and more - buy

2016-03-17 01:27:36

Berkeley Energia (BKY) has announced half year results, that contractors have been selected for power line and road works and that “with all major approvals in place and with the strong support and backing of the authorities, activities on the ground will commence shortly”.


More Salamanca news from Berkeley: the shares still a buy

2016-02-18 03:08:57

Berkeley Energia* (BKY) has announced the commencement of a major exploration programme at its Salamanca project following an extensive geological review. The shares are a buy.


Berkeley Energia general update - all on track, buy at up to 25p

2016-02-06 05:04:47

Berkeley Energia* (BKY) has announced a new company presentation and a quarterly report for the period to the end of 2015. All is on track.


Very impressive drilling news from Berkeley - buy

2016-01-30 07:51:02

Berkeley Energia* (BKY) has announced results from a three hole drilling programme at its Zona 7 deposit – which have highlighted “a possible extension to the mineralisation at depth”


SP Angel Morning Mining note: Berkeley Energia, Blenheim, European Metals, Goldplat, Stratex, Wolfe & Vedanta

2016-01-29 06:40:03

John Meyer of SP Angel this morning comments on Berkeley Energia (BKY), Blenheim Natural Resources (BNR), European Metals (EMH), Goldplat (GDP), Stratex (STI), Wolfe Minerals (WLFE) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.


Grade cheer at Berkeley Energia

2016-01-29 01:06:08

Uranium play Berkeley Energia (BKY) is trumpeting encouraging initial exploration results from the high-grade Zona 7 deposit within its  wholly-owned Salamanca project, hosting an estimated resource of 90.5million lbs. of uranium U308 in central-western Spain. Entrepreneurial managing director Paul Atherley describes the Zona 7 results, which include 14 metres with 4,481 parts of uranium U308 per million of material and six metres with 3,274 parts per million,  as 'transformational', while declaring another Salamanca prospect,  Retortillo, is likely to face potential operating costs of some $15.60c (£10.90p) a lb., which is less than half the present 'market' price of uranium, at $34.75 a lb. 


Video: Paul Atherley, Chief Executive of Berkeley Energia presents at Gold & Bears November 2015

2015-12-18 04:05:30

Next up is my old friend Paul Atherley of Berkeley Energia (BKY) presenting at Gold & Bears. For what it is worth these shares are cheap and a buy. Enjoy


Berkeley Energia - upgrade

2015-12-02 03:57:48

The now-named Berkeley Energia (BKY) has updated that “optimisation studies have commenced on the Salamanca project which are expected to reduce the operating costs making it amongst the world's lowest cost uranium producers once developed”


Zak Mir Bulletin Board Heroes: Armstrong Ventures, Berkeley Energy, China New Energy, Kefi Minerals, Teathers Financial

2015-11-22 07:42:54

Featuring shares in Armstrong Ventures (AVP), Berkeley Energy (BKY), China New Energy (CNEL), Kefi Minerals (KEFI), Teathers Financial (TEA), together with some share price targets.


Numis ups target price for Berkeley Energy shares from 40p to 100p - you what?

2015-11-08 08:55:30

I know that the news from Salamanca last week was big but this big? Big enough for Numis to up its target price for shares in Berkeley Energy (BKY) from 40p to 100p? The shares are now 26.5p? Really?


Berkeley on the up after positive pre-feasibility study

2015-11-06 03:10:30

Entrepreneurial Spain-focused uranium play Berkeley Energy (BKY) says an updated pre-feasibility study has transformed the economics of its flagship Salamanca project by including the project’s shallow high-grade Zona 7 deposit. Steered by managing director Paul Atherley, former boss of Leyshon Resources (which left AIM in June), AIM-quoted Berkeley, whose shares have more than doubled since early spring to 26.5p, says the study was ‘managed internally, utilising inputs from a number of independent contractors’ and argues it significantly enhances the commercial attractions of Salamanca, which is currently estimated to hold a potential 88.2 million lbs of U308 triuranium octoxide.


Berkeley Energy - cracking news from Salamanca: target price raised

2015-11-05 02:06:47

In an announcement entitled “Zona 7 transforms Salamanca project economics”, Berkeley Energy (BKY) has announced the results of a pre-feasibility study which shows “the project now has a Net Present Value of $871.3 million (£580.9 million) with an internal rate of return of 93% based on a discount rate of 8% and a long term uranium price of $65 per pound”


Berkeley’s uranium plan wins approval

2015-10-22 03:23:49

Spain-focused uranium play Berkeley Energy (BKY) says it expects to start site work in mid-2016 at its key Salamanca project in west-central Spain following official approvals from the country’s Ministry of Industry, Energy and Tourism, the European Union and various, national, regional and provincial authorities. Listed on AIM and Down Under, the company’s shares have nearly doubled since midsummer to 20.75p, as investigation of the project continues to show encouraging volumes and grades, at a time when new nuclear power projects, which need uranium, are under active discussion in the United Kingdom and around the world.


Berkeley Energy - updated JORC resource: very good news!

2015-10-11 07:50:46

Berkeley Energy (BKY) has announced an updated JORC compliant mineral resource and reiterated that “the inclusion of the important Zona 7 deposit is expected to fundamentally improve the economics of the Salamanca project, even at current uranium prices, by significantly increasing the mine life, the production rates and by reducing the operating costs”


Buy Berkeley Energy at a 21p offer

2015-09-20 01:39:16

Investment Case: Sector: “Mining”. Therefore, it is not a surprise that, having been above 100p just over 4½ years ago and 30p 2½ years ago, shares in what was Berkeley Resources, now Berkeley Energy (BKY), traded down towards 11p earlier this year. However, the last few months have seen a recovery to a current 21p offer price


SP Angel Morning Mining Note: Berkeley Energy, Glencore, Hochschild, Lucara Diamonds, Rambler Metals

2015-09-08 03:28:07

John Meyer of SP Angel this morning comments on Berkeley Energy (BKY), Glencore (GLEN), Hochschild (HOC), Lucara Diamonds (LUC) and Rambler Metals (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 


SP Angel Morning Mining Note: Aureus Mining, Berkeley Resources, Polyus Gold, Rambler Metals & Tri-Star Resources

2015-07-20 04:10:34

John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Berkeley Resources (BKY), Polyus Gold (PGIL), Rambler Metals (RMM) and Tri-Star Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 


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