Good to hear from you YB, are you still holding? I think my average is 7c and I didn't sell anything just building more recently at 12.5c. in fact I have not sold any Uranium holdings as the fundamentals have just got better and better, it's a patience game and longer term view. SPOT for instances always follows UF6 and Conversion prices. No doubt the Ukraine situation has caused markets to be extremely volatile but I truly believe the best Uranium producers and those awaiting restart will have violent increases in 2023, also developers likely to be producing in this cycle.
As for PEN it is very much under the radar I agree with you it's just a matter of time, they are in an enviable position, Wayne knows what he is doing the CR had to be done in order to restart, he was clearly confident they would be a Uranium Reserve winner and that's why he raised rather than sell 300,000lbs.
2023 I expect to hear in January they are producing, then MY 2023 expect to hear positive drilling results across new areas. The CAPEX to restart was incredibly low, still no debt and contracts to 2030. I have always believed in PEN which is why out of 20 Uranium investments PEN is my largest by shareholding and will IMO exceed by a long way the financial return. GLA when this market moves many will be surprised
Good to hear from you YB, are you still holding? I think my...
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