Accumulation Time - Huge Upside Potential, page-37

Hi urabull,

As part of the monitization of 935k lb of future delivery contracts PEN also sold their 900k lb locked in purchase contracts. Thus i think they have nil locked in spot purchases at this point.

Scatterbrain; from my reading i believe the latest on the South African tenements is that they have failed to sell this project, the holding costs are prohibitive and PEN is exiting the JV, hoping that the sale of freehold farmland will offset the rehab costs. Thus the outcome for this is at best NIL or at worst, marginally cashflow negative depending upon what they can sell the farmland for.

My other, unresolved, concern is if PEN has sold 935k lb of sales contracts due for deliver between 2018-2021, how many lb's at $51-53 sales price do PEN have left to sell between 2018-2021?

Cheers
John