Nothing like a little perspective eh JJ, well done.
Wouldn't you have loved to be holding PNN and BMN when the market spoke...
Theb market seems to be obsessed with the spot price atm, a meaningless figure in defence of BMN in particular. That said PEN would make excellent net profit on either the spot or LT contract price. An operational advantage conventional miners don't have.
The comparison chart of a selection of uranium stocks is showing what has occurred in the last year. Yes JJ PEN is doing just fine and the market will re-rate PEN significantly when all becomes clear. Particularly on the back of the low capex/opex Lance ISR project.
IMO when the inevitable uranium run happens PEN will be the market darling, to coin a phrase from someone else.
pen is ok, page-5
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |