Afternoon Guys,
At the 19 minute mark a statement is made that sales for the next two years have been covered via purchases in the Spot Market, prior to the recent increase in prices.
This provides me with some near term confidence that PEN will generate FCF from the arb of the spot price vs. the contracted price for these next 2 years, the first sale of which will occur in Oct 2018.
It looks to me that a total of 400k lb is contracted for 2018/19.
Cheers
John
Afternoon Guys, At the 19 minute mark a statement is made that...
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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 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
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