PEN 1.37% $1.08 peninsula energy limited

What will PEN be worth??, page-137

  1. JID
    3,568 Posts.
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    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
 
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