Agree to a certain extent bill,
The Jorc will certainly put them on a different type of list of companies that are viewed as sitting on a uranium resource, and recognition towards Pen from that alone will certainly lift Pens stature.
But don't think that they haven't already been approached in interest towards Lance. They have, numerous times. But at this stage I am led to beleive that they are all wanting a piece of the project. And as Gus recently re-iterated again in the AGM, Pen are not interested in this and if they want in, the can buy straight off the market.
I think that alot of juniors would have caved in by now and taken some sort of J/V in Lance, and most probably would have received a lift in the stock price from it(good for short-termers).
But whether or not the lift would continue is uncertain, which is possibly why Gus is taking this hardline approach in keeping Lance 100% in Pens control. This approach may end up very financially beneficial for all us long term holders.
I also agree that you have the market ignorance bit right.
NK
Agree to a certain extent bill,The Jorc will certainly put them...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |