I think first 25% correction (with overall ASX uranium market) was enough to price 2025 mining output lowering. After that, there was pure panic with another 40% drop (counting from announcement).
Pen was 54% down from recent highs. That is correlating to similar corrections from past. About 50-60% and then rebound.
Uranium price did 28% correction from beginning of 2024. Looking at technicals and fundamentals, we can expect rebound in UX pricing.
As John Quakes in twitter posted, there is a big gap between finished uranium/conversion price and mined uranium. Historically it should adjust itself.
Orano is building biggest enrichment facility in North America.
New director of Peninsula is former Orano director. No one now in internet know truth. Is it due to pipes or is it due to create supply chain for Orano as Pen will be friendly company with insider in it.
I think first 25% correction (with overall ASX uranium market)...
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