PEN peninsula energy limited

Uranium mines ready to go start ups and restarts have always had...

  1. 3,109 Posts.
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    Uranium mines ready to go start ups and restarts have always had issues with early production numbers
    going back to the last uranium cycle boom which ended up like a pump and dump

    the only asx junior to go into production last cycle was Paladin and had issues reaching his start up numbers
    but that did not stop it reaching a market cap of $5.5b at the time
    Paladin fall from the top was not only related to the tsunami crushing the uranium spot price
    was mainly due to the ceo not fixing term prices for delivery and only selling at spot prices
    a real brain there at the time who thought uranium was invincible the tsunami took care of that

    people talk about euphoria every boom has one saw it last uranium cycle
    long way to go before that and you will not miss it
    most recent one was in lithium come and gone

    still have not got a uranium tip from a taxi driver
 
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