PEN peninsula energy limited

For the last time, PEN are NOT buying on the spot market. Stop...

  1. 7,245 Posts.
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    For the last time, PEN are NOT buying on the spot market. Stop making stuff up.

    They bought with ST contracts and are covered through to the end of 2022 for contracts - in the low $30s and then on top of that they have the 300k lbs they bought.

    The increase in Spot is very good for PEN - they should be producing by 2023 after writing new contracts based on these new higher spot prices. My guess is $65-75
 
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