Sentiment is absolutely terrible at the moment. Company has raised money to enable it to be cash flow positive next year and yet it is just a penny away from all time lows.
Is the spec market that bad? Very little liquidity. Uranium market down even though the long term contract pieces are still above $79/lb. This is not just Pen affected, but for a company to be chased up and boasts one of the largest and growing resource in the US so close to production and be in me penny from all time lows has me completely gobsmacked.
I am not fore one second saying we should be in the 20s at the moment but above 10c at the least. Or closer to 12-13c. But at these prices. I would not be surprised to see a low ball takeover of our assets for under $400m. And that would be a travesty.
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
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