Berkeley Energia’s (BKY) share price has drifted back to A$0.23, close to our cash backing estimate of A$0.21/sh (£0.12), which assumes maximum dilution from the US$65m unsecured interest free convertible note with the Sultanate of Oman (State General Reserve Fund [SGRF]). As such, we have upgraded our recommendation from SELL to HOLD and maintain aRead more
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