I see this drop in U price a positive for PEN.The SML also...

I see this drop in U price a positive for PEN.

The SML also permits them to buy uranium as well as sell.

No matter what they have a LT contract supply price already in hand at a much higher price. They can buy uranium at this low price, or lower even better, and sell according to the LT contract.

If the u price rises, still positive as PEN has such a low OPEX.

A win win for PEN no matter what as they now come online with a very low OPEX and CAPEX. Also if it reduces/delays new producers coming online that can only result in higher demand on lack of supply, another win for PEN.

For other hopefuls without all permits in place and/or high OPEX and CAPEX it looks grim short to medium term.

No wonder China is buying so much U in readiness for the new plants. A big win for them.

BMN and a few others might be a good short term short now after rising on short term news of Japan pushing forward with nuclear power. Who would have thought the HC market darling BMN once in the dollars now languishing at sub 10c.

I foresee the once termed "dog" stock being PEN, rising to HC market darling status with traders having a birthday.