Burnt twice by holding PEN now.
The contracts (Uranium contracts for 2024 and 2025 both of 650,000) May/Should have a 'force majeure' clause. If they do not heads should roll. Assuming they do reputational damage may or may not be a issue.
On the bright side the trajectory for the u308 price will make delays possibly profitable. Given the likely/possible Russian ban 2026 this time frame and price re rating should recover the capital losses endured and more.
Ann: PEN delays Production & Accelerates Inhouse Resin Processing, page-93
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Last
62.0¢ |
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Mkt cap ! $98.97M | |||
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