"This is, per se - a bet on the U market increasing into 2015. Make no mistake"
Precisely Gav - 2015 and beyond!
A small or sluggish rise will be the main potential dampener - not just for PEN of course but for all producers.
There is also the Hearing outcome expected in a couple of weeks. It's really impossible to take an educated guess on this. The contentions could easily be thrown out, but the opposite is also a possibility. The worst case scenario is likely to be additional license condition work with the potential for further delays. I have no position other than believing it could go either way.
But it's a sideshow compared to the U price (and the associated demand for long term supply).
If the U price gathers steam ahead of expectations, then yes, a further investment here is likely to turn an excellent profit.
And, of course, Gus wants his performance options.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
3 | 66718 | 8.7¢ |
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Price($) | Vol. | No. |
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8.8¢ | 111563 | 2 |
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No. | Vol. | Price($) |
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2 | 50000 | 0.087 |
3 | 1051627 | 0.086 |
9 | 286708 | 0.085 |
7 | 568916 | 0.084 |
7 | 1701881 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 111563 | 2 |
0.089 | 117521 | 2 |
0.090 | 22250 | 2 |
0.091 | 37359 | 1 |
0.092 | 78508 | 2 |
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