$318M market cap is insane.
Yet none of the institutions are stepping up. What are they waiting for?
It is not like we are going to need to go back to the market to tap for more funding.
There will be a huge catalyst which triggers money into this stock. Just don’t know what that will be. Maybe it just needs U price to fire up again. That next leg up will be huge and should get us over 20 c and hopefully sometime next year into the 30s.
As the brokers reiterated PEN is trading to a massive discount to peers. 1/8 th. Now multiply out SP by 8 and even half it and you still end up at 40c. Which would be $1.2b for a near producer. It would be then fairly valued.
Ann: Lance Continues on Track for 2024 Production Restart, page-25
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
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