PEN peninsula energy limited

All we need now is uranium spot price to rise or a takeover bid...

  1. 1,972 Posts.
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    All we need now is uranium spot price to rise or a takeover bid but I don't think the latter will happen until they're in full production because investors want to buy a business that works not an unfinished project.

    Remember, if the spot uranium price falls below 50 they will have to close the plant because they will be losing money on the yellow cake production because they need $42.50 a pound in Uranium price to break even with expenses.
 
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