"considering that the SP should be considerably higher in 12 to 24 months,which would be an absolute windfall for us shareholders if PEN can get to production still 100% owned."
Yes my ultimate vision Mick and having now slept on it I believe this to be a very real possibility. I have also come to the conclusion they will consolidate at that time should that in fact occur.
Speculative I know but bare with me for a moment. Consider the possibility that PEN is at around 15c by then, not unrealistic considering Pen will be near construction stage. This is an approximate market cap of $130M, still not high in comparison with peers. With a cap raising at 15c this would raise $50M for construction (and some spare opex cash) and add another 333.3M shares for a total of approx 1.7B on issue.
Consolidation at 1:10 would convert this to a mere 107M shares on issue and the mkt cap would be ~$255M and the shares now at $1.50.
$1.50 shares for a company that would be producing uranium in a 76M/lb (I believe over 100M/lbs will eventuate) operation in the US. You can also bet a near or done Jorc statement for 150M/lbs at Karoo and cashflow to finance Karoo. Unrealistic? Personally I don't think so as this would place PEN well above some others that I have just looked at, one of them kindly mentioned here yesterday.
With both Karoo and Lance fully underway and still with the same % ownership, it is not unrealistic to believe the sp would be at around $3-5 conservatively based on the above IMO. And this will be when the WFC is well behind us and world consumer demand once again increasing.
Yes I am a dreamer, but a calculating one. I believe PEN will go all the way on their own now and I will have a fine parcel to take along with them.
Just pull up a 6 year PDN chart and place a marker at approximately February 2004 (at about 3.6c....) and see what could potentially occur in the next 2-3 years.
I now stick my neck out and state that I predict that consolidation will occur and that PEN will be in the ASX300 in 2-3years time. Mining Lance and advancing to have Karoo online by ~2014.
I will save this post and bring it back in 2 years time...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $350.4M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $1.540M | 14.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 4155665 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 4142147 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 3885665 | 0.105 |
82 | 8788185 | 0.100 |
7 | 578212 | 0.099 |
12 | 498440 | 0.098 |
9 | 1011093 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 4142147 | 42 |
0.115 | 5294866 | 31 |
0.120 | 5843705 | 56 |
0.125 | 2381470 | 20 |
0.130 | 2868909 | 18 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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