BKY 0.00% 34.0¢ berkeley energia limited

Morning Guys, Not a good one for BKY shareholders,...

  1. JID
    3,676 Posts.
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    Morning Guys,

    Not a good one for BKY shareholders, unfortunately.

    BKY_Decision.png
    https://www.reuters.com/article/us-...ey-uranium-mine-project-sources-idUSKCN1MQ1ZZ


    And the SP has reacted accordingly ... however, the chart shows, IMO, that some people were aware of this ahead of time looking at the way BKY was cascading lower ... this is especially so when other North American U miners are trending strongly.


    BKY_SP.png


    However, looking wider picture and for those invested outside of BKY this further tightens the supplyside outlook and once again analyst models which all include BKY supply will need to be adjusted.


    BKY_Production.png


    As a learning, sometimes it is wise to listen to those articulating the bear case instead of shouting them down or questioning their agenda/ motivation.

    Cheers
    John
 
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