News: PEN Peninsula Energy Has Agreed To Purchase 300,000 Pounds Of Uranium At US$31.35 Per Pound, page-19

that's physical cash hitting their banks account, that's all that I care about.

as far as I'm concerned, buying uranium at a lower cost, and selling it at a higher price, pocketing the cash difference is a good business move.

not just any uranium company can do this, as other companies don't have the contracts PEN do.

I'm sure if the other ASX uranium explorers/developers had contracts like PEN, they'd be doing the same, after all, they're desperate for cash.

i'm confident that within the next 12 months, PEN will have optimised the FT results and spot price will be a lot higher... if so, PEN share price will be a lot higher.

all IMO... everyone DYOR