Afternoon Guys,
A good QR, relatively speaking, and good to see that management have protected shareholders against a rising spot price over the next couple of years (which I think is underway) by locking in these contracts now.
225,000 lb x ($51 - $23) = US$6.3m profit.
Whilst the main game is a rising U price coupled with company specific operational execution this is good to see.
Cheers
John
What will PEN be worth??, page-137
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