"PEN still hold a strong production hedged book, of 6.6mil...

"PEN still hold a strong production hedged book, of 6.6mil pounds at $51-$55/bls, twice the currrnt spot price to 2030..."

I'll take your data at face value ML, I'm sure it's correct. 6.6Mlbs to sell, therefore to produce. At 40klbs per quarter, they'll get through their current contracts in a little over 40 years. What's the half life of uranium again?

I don't guess and I'm not bitter ML. I comment on data and information and apply my technical knowledge to this. I'm actually well educated and experienced in uranium. I'm more than comfortable with my commentary to date, and the predictions made therefrom (?) since it correlates very well with PEN's SP performance since January 2016. Check it out, you'll see I'm not blowing my own trumpet.

If you look at the SP performance over 12 months, it's been one way traffic. Has Global X been balancing their index for this long? Of course not.

Mind you, at some point, one of the proton brigade will be right. Afterall PEN cannot downtrend into oblivion. Or can it?

Wonder what's the hold-up with selling Karoo or the con note announcement?