Ann: Consolidation/Split - PEN, page-110

Every stock will behave differently depends on which way the big end of town want

a bit of history there are a handful asx listed uranium survivors from the previous cycle
Era Pdn Bmn Dyl Toe Eme and Pen the rest went to uranium heaven
and looking at the charts they all look the same
other heavy weights Boe & lotus got a very easy ride into the uranium space
Boe buying the honeymoon mine off uranium 1 ( Russia )
Lot buying the kayelkera mine off Paladin at fire sale prices part of its survival

but the biggest loss by far from the last cycle was from Paladin who went from a high of over
$5b to $80m when placed in administration in 2017 for growing dept and collapsed uranium price
for Paladin to survive and come back out

shareholders stuck holding lost 98% of there holdings which put a market cap of less than $2m coming off a high of over $5b
the Chinese ended up with 25% of the mine in the restructure and holders from the high lost over 99.8%

during the downturn pen who.started production was the only asx listed uranium play selling uranium to his contracts
or should I say reselling !

what pen now has to do is put cake in a tin !!!