Since the first trading day of 2010 (4/01/10) to yesterdays close Pen SP is up some 7%.
Conventional miners such as PDN, EXT, DYL, BMN are all down some 20-30%.
The share market has supported PEN and IMO will continue to do so in the knowledge that it is a future low cost ISR producer.
The spot Uprice has softened somewhat on a few known transactions but keep in mind that the market for Yellowcake is very nontransparent.. It will only take some of the larger conventional miners to threaten to or actually close down some production centers to reduce supply, for the buyers to get very jittery about future supply and the spot market will start to move up again. In this environment it is the ISR producers that dominate the mid and long term contracts and price setting, again because of their low cost status.
pen is ok
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $713.2K | 6.984M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 91 | 11502530 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2697860 | 27 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |