PEN 1.25% 8.1¢ peninsula energy limited

I bet the Chinese are writing up new contracts for Uranium as we...

  1. 2,709 Posts.
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    I bet the Chinese are writing up new contracts for Uranium as we speak to get ahead of the reduced cost per lb. What do you think they are going to do for power over the next 10 yrs or so as industrialization and urbanization advances. Use fossil fuels,wind power,wave power, solar.. er fusion, dilithium crystals, dark matter, very small blackholes created by immense particle collision,. In spite of your profits in PEN as you sold,I think you'll find the current supply of uranium is short even for the reactors on line. The only solution to the supply shortfall is to withdraw nuclear reactors altogether. Logicallly if what you say is true and nuclear is dead,this is what must happen. Not to build more means removing the ones you have. How would you rationalize leaving any "risky"old reactors when you've decided not to build improved new ones.
    Then the huddled masses can huddle more to keep warm. Those northern winters are a bummer.
 
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