"tutes, there's a possibility PEN may be one of the FNArena noted contracts coming through.
If that's the case we'll get our finance..."
Zubana - as already pointed out, those 'FNArena noted contracts' are mid-term contracts and the current mid-term price is $31/lb. Given that the price only covers the cash cost of producing yellowcake, how can it provide the collateral to underpin a finance deal. Don't we, by definition, require long-term contracts to provide sufficient margin for collateral?
News: Peninsula - Operations Update, page-24
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6.2¢ |
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Mkt cap ! $197.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 29 | 2735758 | 6.1¢ |
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