Priced with a market cap of far less than many explorers this opportunity throws in not only a producing mine but also capable management, contracts more than double the prevailing spot price and one of the largest (if not the largest) uranium deposit in the USA (a safe mining country with little or no political risk).
Allow me to introduce myself folks - I have been watching this thread silently on the sidelines for many months before deciding to dip my toe into the water during the past week. I have been bemused by our friend You3OAte and have concluded quite confidently that he is not in fact a lunatic, rather a short seller who has become increasingly desperate as he realizes that he will need to cover his trade very soon. I hold the view that there is currently very little risk in PEN at prices around 20c with an increasing number of commentators realizing that the uranium price is now swinging to the early stages of a bull market, PEN have a proven producing mine on a massive deposit, is selling uranium now, will be also favoured by anticipated changes to the S232 laws & when the low ph chemistry is implemented production and costs will add to even much more upside.
I am glad to be onboard with you all & You3OAte my friend - I suggest you start covering your short exposure asap if I have concluded correctly.
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Possibly the best uranium investment in the world?
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Last
5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $274.0M |
Open | High | Low | Value | Volume |
5.7¢ | 5.9¢ | 5.5¢ | $1.879M | 33.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 230880 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 277792 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 229333 | 0.300 |
1 | 40000 | 0.295 |
3 | 38000 | 0.290 |
1 | 27500 | 0.280 |
3 | 229917 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 26353 | 3 |
0.320 | 57453 | 5 |
0.325 | 63915 | 4 |
0.330 | 81655 | 5 |
0.335 | 22000 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
PEN (ASX) Chart |
Day chart unavailable