PEN peninsula energy limited

They need $42.50 a pound to break even with production of yellow...

  1. 1,972 Posts.
    lightbulb Created with Sketch. 184
    They need $42.50 a pound to break even with production of yellow cake. Uranium price has fallen to $71 a pound which is $40 a pound more than in 2021 when Trump left. There is no longer a short supply of yellow cake. I think with a Trump administration uranium price will fall further and another capital raising will be needed when it's no longer as profitable for them to produce it. They’ll have to close the new plant down for care and maintenance and wait for the uranium price to rise again. This will most likely happen next year before their money runs out if U price drops below 60 because you don't want to be giving your product away for peanuts.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.