Agree, both TOE and PEN has underperfomed.. both have had some questionable decisions made by management..
But let's look at the differences:
PEN
- you can see the "light at the end of the tunnel" and the planned timetable... ie. production by end of 2024, now fully funded to positive cashflow (Q3 2025).
- mine is in Wyoming (one of the best uranium mining jurisdictions in the world)
- plenty of cash on hand
TOE
- is their project even fully permitted?
- project is in WA where uranium mining is BANNED.. people are betting for a change in government or a takeover (both out of control of the company and no guarantee of either happening)
- zero revenue, and low cash.... will continue to CR over and over just to keep the lights on
I'd also think that PEN is the more likely T/O target, being less risk and heading into production. For TOE, I'm not sure how many companies are keen on buying a project in a state where uranium mining is banned
- Forums
- ASX - By Stock
- PEN
- Ann: Retail Entitlement Offer Booklet
Ann: Retail Entitlement Offer Booklet, page-15
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $318.6M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $196.0K | 1.872M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
131 | 16031200 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1995087 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
131 | 16031200 | 0.100 |
11 | 1054766 | 0.099 |
16 | 1735090 | 0.098 |
9 | 918309 | 0.097 |
8 | 3107290 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1612201 | 12 |
0.110 | 4870612 | 34 |
0.115 | 4926378 | 44 |
0.120 | 7552162 | 58 |
0.125 | 2942107 | 22 |
Last trade - 11.13am 23/07/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |