Tomas...the sell side is building a pathway to heaven...less and less cheap stock is now available ..hopefully the chart will continue its upward trend as the stock continues to tighten....of course it could ease upwards and then explode upwards as the production process intensifies in Pen and people are aware that;- Pen is a protected industries under the Trump regime and Pen may get some of the billions allocated by the US government for Uranium production..also the import tariffs "May out- price the Canadian Uranium" and the demand for US domestically produced uranium will drive up the demand for Pen's production to increase faster...the projected price of uranium may rise much more rapidly as the rise in demand for Modular Reactors takes hold.
Won't be too long before Amazon,Google ,Microsoft and Apple and many others drive up the demand by building a large number of modular reactors to power the development of their own Ai.
I see a huge demand for uranium eventuating and with Russian Uranium now clearly out of the picture now and in the future because of temperamental Putin cutting off supply and Canada threatening to cut of Electricity Supply to New York State etc because of Trumps projected high Tariffs it seems Trump will want to build more Uranium reactors, US industry ,Chinese industry and Indian Industry and the UK and Europe building more reactors ..lots of Uranium will be required.
The present reactors built and planned to be built are 436 in operation.....62 under construction and 118 planned and 323 proposed...
This does not account for the many many modular reactors that will be built for Factories ,Towns and Cities,and for the supply of energy for Ai development and distillation of sea water for agriculture and for most shipping in the future.
Uranium may well become perhaps one of the mining products with the Greatest rising demand in terms of dollar growth.
Many Institutions are now investing in Pen and many more will begin to see it as a critical investment in the energy supply chain...( much as coal, oil and gas have become ) as I have said we can look forward to a solid but steady rise in Pen's price...to the advantage of traders and long term investors alike....I believe to prosper handsomely Patience and more Patience will be required "not to leave this growing gravy train"... Yes $10 plus may look very good but from my prospective four or five years from now $20 plus is not so far away into the future ...Just Patience.
All the Best to All.
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peninsula energy limited
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