"This is, per se - a bet on the U market increasing into 2015. Make no mistake"
Precisely Gav - 2015 and beyond!
A small or sluggish rise will be the main potential dampener - not just for PEN of course but for all producers.
There is also the Hearing outcome expected in a couple of weeks. It's really impossible to take an educated guess on this. The contentions could easily be thrown out, but the opposite is also a possibility. The worst case scenario is likely to be additional license condition work with the potential for further delays. I have no position other than believing it could go either way.
But it's a sideshow compared to the U price (and the associated demand for long term supply).
If the U price gathers steam ahead of expectations, then yes, a further investment here is likely to turn an excellent profit.
And, of course, Gus wants his performance options.
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Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.2M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 908004 | 8.6¢ |
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Price($) | Vol. | No. |
---|---|---|
8.7¢ | 314460 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 908004 | 0.086 |
21 | 2289866 | 0.085 |
2 | 71904 | 0.084 |
3 | 255771 | 0.083 |
3 | 756100 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 314460 | 3 |
0.088 | 684960 | 3 |
0.089 | 19916 | 1 |
0.090 | 41250 | 2 |
0.091 | 225663 | 3 |
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