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01/03/24
15:19
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Originally posted by tutes:
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We all want to see the SP higher, especially holders who have been around for a while Take note though that pretty much all U stocks have been beaten down and pulled back in February PEN did a raise at 7.5c, yet even after the pullback of U stocks, PEN is still 11c To be honest, I was expecting a lot of profit taking and for the SP to fall to 9c-10c range So I think the SP is doing alright in that regard, not shooting the lights out (yet) but holding up ok I've said it before, I'm expecting better weeks and months ahead for PEN as we should see spot uranium price rise from here and more news flow as we inch closer to production by end of 2024. Russian uranium ban is likely and should be a catalyst also
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correction has been brutal. BMN down 25% from recent highs and the fall has been very quick. Hope it's all close to the bottom as it has been difficult to watch