The MACD is up the RSI still room to move up and technically we...

The MACD is up the RSI still room to move up and technically we have a strong break out from a Cup and Handle formation .. It looks good for a continued run to Book Value...$1.87

Added to the micro picture the Macro picture has turned very positive about 8 million lbs of uranium has been moved from annual production of 140 million pounds..

Comeco's license has not been renewed from the Inkai JV's with Kazatomprom this is about 8 million lbs of its total Uranium production which it will now have to buy from the spot market to meet its long term commitments.Needless to say this will put pressure under the Uranium price as has happened last night...

The Pen chart suggests a continued move upwards.
The Book value as I have said is $1.87 and the price should comfortably move to two to three times Book Value.

Simply Wall Street has a long term price of $13.04. on Pen.

We can see from Book Value of $1.87.., and twice to three times book and from multiple analysts short term projection for one year of between $3+ to $4+..The price has far to go..

All that is required from Investors is patience ..The last time I said patience was required was in the $1.20's .

Now More Patience is required as we continue to make more progress to higher levels.
All the Best to All