Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
J P Spaghetti
“at a time when new nuclear power projects, which need uranium, are under active discussion”
Nah – thorium would be the way to go, Robert, and many current reactor designs would require little effort to be converted to burn it (more plentiful than uranium and no weapons-grade by-products, so why won’t they listen – it’s too important for geopolitical posturing?)!