Proactiveinvestors recommends

Additional Information

Market:	ASX AIM
Sector:	General Mining
EPIC:	BKY
Latest Price:	0.34 (-1.45% )
52-week High:	1.68
52-week Low:	0.31
Market Cap:	59.26M

1 year chart

1 day chart

Berkeley Resources

Berkeley Resources (ASX: BKY) is an exploration and development group with a dominant land holding and advanced uranium exploration and development projects in Spain.

Berkeley's focus is on the successful completion of a Feasibility Study at its flagship Salamanca Uranium Project, incorporating the Spanish State Reserves and the Quercus Uranium Processing Plant. BKY is committed to aggressively pursuing the ongoing exploration, appraisal and potential development of this outstanding uranium Project in order to fulfill its strategic objective of becoming the next European uranium producer in the near-term.

Polo Resources acquires more shares in Berkeley Resources

Thursday, July 02, 2009

Berkeley Resources (ASX: BKY) has been sent a notice of change in interests by substantial shareholder, Polo Resources.

Polo acquired 4.48 million additional shares in Berkeley Resources in on-market purchases in June at an average price of $1.19 per share.

Polo has increased its stake from 11.44% to 15.07% of Berkeley. The share register is getting extremely interesting given Anglo American's acquisition of Berkeley shares in January.

Investors may recall that Berkeley will undertake the feasibility study over the Salamanca Regional Uranium Project. Berkeley’s objective is to generate a total resource base for the project of over 65m lbs of U3O8 and to complete a Feasibility Study within 18 months of approval of shareholders in January 2009.

Berkeley will partner with Spanish utility ENUSA to investigate the regeneration of uranium production in Spain.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.