Come on man, 10 cents is barely a market cap of 130M.
I would expect PEN to have a pre-raise MC of 200-300M which is about 15-24c with current SOI.
PEN in production ought to be around 400M MC which is ~32c prior to dilution.
What remains to be seen is the mixture of sales, debt and dilution which will ultimately affect the MC.
Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-100
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
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