PEN 5.00% 10.5¢ peninsula energy limited

*: World’s largest uranium miner mothballs all mines for 3 months, small caps rally

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    https://unauthorised investment advice/resources/worlds-largest-uranium-miner-mothballs-all-mines-for-3-months-small-caps-rally/

    RE: PEN

    Meanwhile, shares in Peninsula Energy (ASXEN) climbed 18.2 per cent to 13c.

    Earlier this week, the company noted in March a customer had requested that a sale of uranium originally scheduled for April 2020 be brought forward.

    This resulted in the sale of 116,000 pounds of U3O8 at an average price of about $US35 per pound.



    Peninsula currently has a portfolio of uranium concentrate sale and purchase agreements up to 5.5 million pounds with a weighted average future sales price that sits at the upper end of the guided $US51-$US53 per pound range.

 
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