Hi Fbx258,
Thanks for posting the Shaw's report. I think they are right on the general theme but I disagree with their call of PDN being the top pick in the ASX Uranium sector. I am a holder of PDN. However I believe PEN to be a superior way to play the sector. I hold PDN for diversification and because my super only allows me to hold ASX300 companies.
Although I agree with Shaw's that PDN can restart with a lower U price than PEN, I think the amount of debt that PDN are carrying and the amount of capital still required for a restart makes PEN a far safer way for investors to play the sector. I've faced considerable pain in capital raisings in the past and I was very happy to buy into PEN after their CR, knowing that I can sit and wait for the supply shortage to do its thing without much prospect of further dilution being required.
Cheers,
Tim.
PEN chart, page-28
-
- There are more pages in this discussion • 283 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
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $243.8M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $322.3K | 2.822M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 4989632 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 1154531 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
60 | 4885087 | 0.110 |
44 | 4042591 | 0.105 |
84 | 5324810 | 0.100 |
6 | 375404 | 0.099 |
4 | 71374 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 1143531 | 17 |
0.120 | 4126960 | 32 |
0.125 | 4900694 | 34 |
0.130 | 3953217 | 41 |
0.135 | 3037609 | 21 |
Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
Last
11.5¢ |
  |
Change
0.000 ( 2.13 %) |
|||
Open | High | Low | Volume | ||
11.5¢ | 11.5¢ | 11.3¢ | 575451 | ||
Last updated 15.56pm 15/05/2024 ? |
Featured News
PEN (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online