yep, PEN buys uranium at price of $30 and sells for over $50 until end of 2022. That’s a good margin and is the reason why PEN knows they will receive $8M - $10M in cash next year
doesn’t matter if spot price rises to $200 overnight, it doesn’t change the above fact
After 2022, PEN will probably be mining using low pH and would have signed new supply contracts by then
SPOT PRICE, page-167
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.0¢ | $1.607M | 15.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 4948394 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 8672475 | 36 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |