Spot uranium price can go up to $200 overnight and it still wouldn’t affect what price PEN buys uranium at.
PEN has fixed price contract to buy uranium at around $30 until end of 2023. They then sell at $50, making a healthy profit.
This is the reason why PEN knows for a fact they will be receiving $8M-$10M in cash next year.
In 2024, they should be producing from Lance with low pH
SPOT PRICE, page-284
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |