Well he might just get his wish soon.
Some serious strength on the OTC Friday night. PENMF closed 6% up but was 15% up at one stage until some profit taking occurred across the sector.
Irrespective of the capex needed down the track and the 1/3 of lbs already contacted, the remaining lbs are still the cheapest pounds of any of the near term producers and the ETFs will surely rebalance soon to reflect this as others like BOE and Cameco are getting overstretched.
Hell there are multiple explorers with less lbs at higher Market Caps.
They too will all require capital at some point.
I'd say jurisdiction will play a huge role in this climate when it comes to capital raising as the cost of lbs will be secondary to the security of them.
Well he might just get his wish soon.Some serious strength on...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.735M | 32.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 6110118 | 73 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |