I'm not comparing PEN to Cameco by any means, some probably even call this a "pump post" but I'm merely using it as an example of share price action and investors panicking or selling at the wrong time
back in October 2022, when Cameco announced deal to buy Westinghouse, the share price fell 13% in one day, many investors were unhappy with timing of the deal, dilution due to CR, saying it's a terrible announcement, etc...
people will say they're two different circumstances, and yes they are, but there was a lot of negativity and selling off of Cameco at the time, like we are seeing here.
fast forward nine months later, we now see the smart ones (who could see the bigger picture and where the uranium market was/is going) were the ones buying shares on that announcement and share price drop.. they're the ones now sitting happy, up approximately 40% from that low (and Cameco now sitting at 16 year SP high)
where is PEN share price going to be in 9 months time? not providing any financial advice, but it wouldn't surprise me to see it back to 18c like it was before the TH (maybe even more), particularly with where I think uranium spot price is heading, all IMO.
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Ann: PEN delays Production & Accelerates Inhouse Resin Processing, page-59
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