Ann: Research Report - ISR Uranium and Peninsula , page-36

re: Ann: Research Report - ISR Uranium and Pe... Clear as mud prakasht - other than ERA which is fully priced as a struggling producer none of the others mentioned in the article are close to production, are not based in a domicile that relies on nuclear energy at all, and are all non ISR - all contrary to PEN.

Japan and Germany are struggling with their energy policies and we can at least expect Japan to restart some of their reactors soon. Germany is down 8 reactors which will be more than compensated in coming years as new reactors start up around the world. Uranium production is already less than consumption with the balance coming from stockpiles. Spot price is in doldrums as a few desperate miners compete at this low end for marginal sales and cash flow.

Uranium will rebound sometime, just a matter of when. In the meantime, PEN nay well get a utility on board who are looking beyond the next 6-12 months IMO.

For a similar supply overhang circumstance and another interesting play, take a look at zinc.