Look I'm bullish on uranium and bullish on PEN but it's not true to say there's no downside... that's very dangerous thinking... I mean there's 25% downside from here just based on the fluctuations this month but beyond that if PEN has to go back to alkaline processing then even with a U price north of $80 I think they'd be struggling. They are getting less and less out of the headers and depleting the resource. They might make some money for a couple of years but longer term I think they'd be toast.
Lets just all hope for the low pH going as planned (which I strongly believe it will).
Ann: Half Year Acounts, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.6¢ |
Change
0.001(1.82%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.6¢ | $446.6K | 7.926M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 262767 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1681696 | 14 |
View Market Depth
| Last trade - 11.20am 22/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |
