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Soon to be uranium miner Berkely Energia (BKY) shares have come off a fair bit since the recent intra day high of 71p in late January 2017. The shares are sharply trading down at 43p as I write, a 40% fall. CEO Paul Atherley explains the potential reason for the fall back in the price, i.e. inline with current Uranium spot price. He also goes on to explain why short term movements in spot price are perhaps irrelevant to the current valuation.
I still like this company as I mentioned last year here. I intend to do a much more detailed research piece on the company in the coming days, but until then here is some output from the company itself…
Disclaimer – I have a potential conflict of interest regarding the company Berkeley Energia. I have a LONG position estimated at 2% of my Net Assets. I receive no other financial or non financial incentives for publishing the post. I will not initiate any further positions in the next two trading days from the date of the post being published.
This post is purely my opinion and should not be taken as financial advice. I welcome any alternative comments and will consider adjusting posts based on information made available to me.