I have made it very clear in my previous scribblings that this share is Immensely Undervalued and Pen is traded on many international markets ...especially the USA.
Yes by all means trade in.. trade out.. if you are a knee trembler ..but the book value is very conservatively $1.16 and at least twice and three times book value is a given ...so without a pound of production this company is worth about ..$2.32 to $3.48 now.
My view is "expect a rapid increase in Market Price in the weeks and months ahead "..so trade well if you must ...but I suggest you keep a "Core Position"around which to buy and sell....How much of a "Core Position?" ...even 50% of your holding will Preserve Opportunity. Remember the Share could be suspended anytime or have a small trading window if a takeover is announced!!!
Now with production and a positive cash flow and a growth rate of 50% annualised up to 2 million pounds of Uranium oxide ...we are looking at $12.36 to ? a share...within the next few years.Of course this is depending on the price of uranium oxide and Production levels starting in December this year.I believe with the potential for a rise in the use of modular atomic reactors with sizes down to 10 ft that a healthy demand for uranium fuel lies ahead.
The price of the share ,I believe ,could move ,all being well, to at least ..$4 within the next three months...do not underestimate the Trump effect on American Uranium companies...or the potential for a Rapid increase in Institutional Trading in other International markets such as the USA and Europe where Pen is also a quoted company.
All the Best to All
I have made it very clear in my previous scribblings that this...
Add to My Watchlist
What is My Watchlist?