PEN peninsula energy limited
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SPOT PRICE, page-164

  1. 92electrons
    5,083 Posts.
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    25/09/21
    19:49
    Post #: 56349362
    in relation to the PEN contracts to supply utilities - what is the ceiling price of those contracts? Is it say $70 lb ? … which will provide a piss poor return when the SPOT PRICE is $200 lb

    PEN will be burning money …

    https://hotcopper.com.au/data/attachments/3621/3621138-41ae0275650f0a7dfc1347255c578df8.jpg

    A completely unhedged producer like PDN provides a much better alternative investment imo



    PEN Price at posting: 25.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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