PEN 3.64% 5.7¢ peninsula energy limited

Ann: Additional tests confirm effectiveness of low pH chemistry, page-79

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  1. 110 Posts.
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    Hi SP thanks for the question, I am connected to the uranium sector, that’s all I’m prepared to say. Bear in my mind no one really knows when a correction in U miners will take place, the market opaque to say the least. The traction in U price movement seems stalled at $29, 232 petition making uncertainty for US utilities to commence new forward contracting, DT tweets makes for volatility more uncertainty with US / China / Brexit. Kazakhstan now starting to mine deeper U grades, selling to spot directly, hence they also require a higher spot than $20. Kazatomprom trading platform deals mainly direct to China, now with the new public listing expectations are the longer term goals to sell on contracts. Really looking forward to some sort of stability in US markets, my belief is we are still experiencing the last innings of the bull market, another correction due to uncertainty plus the above I addressed. Do not see spot moving downwards, gas prices adding pressure also surplus U being taken of the market, very interesting times for the U space, lots of moving cogs. Hmmm no doubt I will be ridiculed again, that’s the trouble with boards, can be informative or like being back at school!!! Funny that... ;-)
 
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