"This is, per se - a bet on the U market increasing into 2015. Make no mistake"
Precisely Gav - 2015 and beyond!
A small or sluggish rise will be the main potential dampener - not just for PEN of course but for all producers.
There is also the Hearing outcome expected in a couple of weeks. It's really impossible to take an educated guess on this. The contentions could easily be thrown out, but the opposite is also a possibility. The worst case scenario is likely to be additional license condition work with the potential for further delays. I have no position other than believing it could go either way.
But it's a sideshow compared to the U price (and the associated demand for long term supply).
If the U price gathers steam ahead of expectations, then yes, a further investment here is likely to turn an excellent profit.
And, of course, Gus wants his performance options.
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25 | 2515783 | 0.085 |
7 | 431481 | 0.084 |
6 | 467252 | 0.083 |
7 | 1017581 | 0.082 |
Price($) | Vol. | No. |
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0.087 | 396359 | 12 |
0.088 | 1156182 | 11 |
0.089 | 221938 | 5 |
0.090 | 126250 | 3 |
0.091 | 310663 | 4 |
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