This is a great change . It essentially means they can start production and while waiting for the U price to increase , the can make money , stream line production etc . I would suggest based on locked in contracts and time to production PEN have at least 3 years for U price to move higher . We know U price can move quickly so that gives plenty of time to see significantly higher prices. A great move that decreases risks while maintaining upside
Very good BRR, page-11
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $358.3M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.8¢ | 11.0¢ | $537.8K | 4.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2109959 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 1891292 | 24 |
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| Last trade - 13.48pm 15/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |