New Video Coverage on Peninsual with an interview of Its CEO Wayne!, page-69

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U92Bull

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10/05/21

01:55

Post #: 53051349
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Originally posted by makeamillion1: ↑

P/Pheet you honestly don't have a clue. There is nothing wrong with the chemistry and shareholders in PEN have probably the best highly experienced ISR low ph recovery engineer in the world as CEO. He also has a significant holding of shares.

If you have read the news from the company you will know that the company could at any time from now push the button and re-commence production within 6 months. However while U prices are staying low the company is purely maximising the chemistry to increase even more productivity rates. As you know there are a number of miners not least Cameco doing the same just awaiting for LT contract prices to nicely exceed their all in cost of production. Cameco's McArthur River as you should also know is the largest individual mine in the world.

Like Cameco buying on spot, PEN has also bought and fully covered their delivery requirements for both 2021 & 2022. There will be significant upside profits here for them should the market move as aggressivity as folk believe especially with Sprott significantly buying physical Uranium very soon.

PEN's low ph chemistry achievements will already significantly increase recovery rates, but as you know Wayne believes he can get even more to the optimum levels required to maximise recovery.

Tell me another company that is; Debt Free, has established contracts until 2030, is currently a miner, is on care & maintenance and while at it putting in place low ph ISR to increase substantially recovery yields, has positive cash flow, fully licensed up to 3 million lbs a year. No CR required until 2023...except to restart mining...but as Wayne says there are many options for that.

Personally I am expecting Spot prices to now well exceed $40 by year end, expect to see significant increases in U stock prices across the board. For me while I hold a diverse range of 15 U stocks PEN is the most exciting. It may not achieve the same multiples as others but for the above reasons they will have an extremely good seat at the table, it is somewhat under the radar at present which I have been very pleased about and able to top up.

Cameco's share price has always been a bellwether indicator in U stocks, now at another 5 year high it does seem like this train is accelerating fast on what will be a good 3 year journey or more.

I feel quite sorry for you p/sheet as you clearly have lost the plot and more money than I thought, you seem to take comfort from circulating false and misleading information....seems an odd way to seek solace in your loss. My advice P/Sheet buy a ticket now....you may have to pay first class fares but at least you will arrive at your destination somewhat happier than you are today.

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Cameco hit a 7 year high on friday would put pen at 1.40 over 1 dollar and pen is 10x better now than 2014.

Last edited by U92Bull: 10/05/21

PEN Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.3¢		Change -0.003(2.38%)		Mkt cap ! $318.6M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.0¢	$557.2K	5.365M

Buyers (Bids)

No.	Vol.	Price($)
85	10011665	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	1794330	31

View Market Depth

No.	Vol.	Price($)
81	9985241	0.100
12	933478	0.099
11	479473	0.098
5	400793	0.097
9	517946	0.096

Price($)	Vol.	No.
0.105	1791644	30
0.110	11930580	59
0.115	5662491	43
0.120	7739046	63
0.125	2069901	16

Last trade - 11.28am 01/08/2024 (20 minute delay)

PEN (ASX) Chart

New Video Coverage on Peninsual with an interview of Its CEO Wayne!, page-69

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New Video Coverage on Peninsual with an interview of Its CEO Wayne!, page-69

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