News: BKY Spain's nuclear watchdog requests more info on Berkeley uranium mine, page-19

Morning White Pointer and all,

Remember that the cash position is primarily from a Con Note with the Omani Sovereign Wealth Fund.

Thus it has a corresponding liability/ equity entry - at present it is a debt but it could be converted to equity, thus raising the MC.

It does mean, however, that BKY has negligible solvency risk right now.

Instead of having these funds sitting in a bank account earning 1-2%, BKY should buy a heap of U on the Spot market and hold it (or invest in YCA or UPC) ... already up 35% this year and going higher.

A lot easier that trying to get permitting for a U mine in the EU by the look of it

Hopefully BKY and all the other ASX names will get some love today after a strong night in North American markets.

Cheers
John