That is a great read! They say 'next year' the companies should be line ball in value (5.4 PE, I think they said). But I understand if they like PEA for being more broad and established. I am not sure why the Newmont contract went to ZEN. And the broker here thinks the ZEN projects have more risk (to grow to be line ball with PEA)
My non-PEA buy was the funny African thing and the many bits and pieces they seem to have and I even worry about them putting power INTO the grid. With this new Labor promise to put a solar panel on every homeowners bum.... I wonder if there will be competition re the pricing and volume of solar that can be supplied. ZEN being non NEG (solely resource miners) is a bit of a protection from the govt I think.
I toyed with buying PEA (as well as ZEN) when PEA was 51 cents a few weeks ago. I wish I did, of course, looking at current price!
Thanks for the pdf read. Very nice
ZEN vs PEA, page-5
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Last
$1.09 |
Change
0.005(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.09 | $80.13K | 73.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20979 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 93741 | 7 |
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| Last trade - 13.41pm 24/09/2019 (20 minute delay) ? |
| PEA (ASX) Chart |
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