PEN 0.46% $1.09 peninsula energy limited

So a forward sale at $50 againnst a spot of $24 to produce...

  1. 2,185 Posts.
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    So a forward sale at $50 againnst a spot of $24 to produce income in a beaten down sector is negative???? No other listed Uranium company have the ability to even consider doing this... Even if the spot went to $35 the margin is still intact without selling their own ore... and if the price kicked through $50 it’s still only a small portion of their production that is spread over 10 years...

    Every listed company that is in the Uranium sector is loosing money at the moment, this is the only one that won’t be diluting or tapping shareholders in my opinion.

    Also, all this talk of production issues, they have dropped guidance on purpose to try and ascertain a cheaper mining method, they haven’t stopped producing just slowed it...

    I am not suprised of the negativity here given the stock has been in a 10 year down trend and who am I to try pick the bottom...
 
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$1.09
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$1.09 $1.09 $1.08 $59.60K 54.73K

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No. Vol. Price($)
3 10173 $1.08
 

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Price($) Vol. No.
$1.10 20349 4
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