Agree and can see once this SP situation is done and dusted, many an investor on the sidelines will re enter. The six months leading up to the CR no one was willing to take a risk, hence a re rate is on the cards 1st half of the year. Imo Pen will be seen as a bit of a darling rather than ugly duckling given its near term production and it being in the US.
One thing many dont fully understand and which Pen doesn't spriuk is its asset potential size. Its exploration potential is 150m+ pounds. Total proven/drilled is 50m. Wayne prefers to not spruik this yet many a long termer will remember Gus Simpson (previous CEO) shouted it from high at every opportunity.
Its the biggest INSITU by pounds in the ground in the US. They will have an additional 1million pounds under there belt as far licence is concerned following the shift to 2m pounds. Perhaps an option in a few years time?
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
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| PEN (ASX) Chart |
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