Good question. I am not a long term holder but i think operating costs would be a main reason. Also, PEN have had various issues regarding their South African U project, a project that investors have put big $ into - now it cant be divested at the right price (various political reasons)
Current PB 0.74 is ridiculous imo. This should fly once Wayne updates us with a PFS for the ph processing method.
I will send through a T20 later but the Bloomberg T20s are unreliable as the info is sourced from anns, not directly from ASX. @lucasfund
Accumulation Time - Huge Upside Potential, page-72
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10.0¢ |
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Mkt cap ! $318.6M | |||
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