The moving cog in the wheel still has not been resolved eg. S232,, ref: Trump Nuclear Fuel Working Group, has created more uncertainty within uranium markets.
TBH,, uranium bulls seem divided on Trumps wide reaching executive powers. Eg. Can Trump still enact quotas as per Wilbur Ross, DOC, recommendations.
I am in the camp that says yes,, damm right POTUS can! There are a multitude of actions that can help the survival of US uranium miners, remember,, it needs to be seen as Trump Deal. No free lunch with Trump, unless it's Trump decision making!
Make no mistake,, Trump has stated US uranium miners limitations on supplying homeland uranium is a National Security Issue. However uranium imports are Not. At This Time,,, the President States.
Valueinvestor123, absolutely a takeover could occur but not until the veil of uncertainty is truly removed altogether.
For what it's worth, my personal feelings are very positive for US uranium miners. I've always liked PEN,, very high risk reward. The company on a schedule!!
The (PEN) truly undervalued,, GLTAH... YB..
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $489.0K | 4.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 111 | 12879379 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2235299 | 23 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |