Most importantly Gus thinks the share price will rise with mining licence,futher orders then the rights issue will be brought on. The U price is an imponderable but with any luck will show action in that time frame. Note the latter and contracts are not mutually exclusive. I.e. he will negotiate contracts reflective of an outlook for U price.
It's a finely calibrated mix eg. Long term (say 5 year) contract at fixed higher price say $72 lb. There will be some below $75 and some above.
The beauty/mitiating factor is that at least one of the utlities to take the rights issue will also take the U contract and will be as infromed as possible.
Sorry if I rabbited on.
sp, page-9
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Last
9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.5M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 8.8¢ | $4.430M | 47.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24749394 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 1182349 | 10 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| PEN (ASX) Chart |