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27/01/24
21:39
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Originally posted by Drswing
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It boggles me (and I'm sure many others) that PEN is currently valued where they are - given they are 10-12months away from production. ISR low cost, yes their resource is a little small, but they will be producing so soon, and capitlize on the opportunity (albiet, they could be slightly early). On paper, they are undervalued, I think the wild card here (negativly speaking) is the management team - which seem to have let the company down a little - which I believe is where the reduced valuation comes into play. I'm personally betting we can at least get to 0.20 within by Dec 2024.
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Latest Shaw & Partners Uranium sector report from a week ago had a "buy" rating for PEN and a price target of $0.34