No idea why everyone is so down. It's likely that our lives will be changed forever once we come out of suspension. The facts are:
* Uranium demand gap is set to triple by 2035.
* Profit at Pen could be upwards of 50m per year in the future.
* NYSE mkt listing could see many big contrarian funds buy in so that they can surf the coming Uranium Tsunami.
* Every first world govt has Uranium on the agenda except for those that don't currently.
* The announcement is to expand Lance, which may have over 200m lbs of uranium for all we know.
* Karoo is basically one of the best resources on the planet. No one can say for sure that there isn't 500m+ lbs there near the surface.
* The Uranium price can't get worse unless demand keeps slowing relative to supply!
* You just have to read any positive uranium news article to know that the Uranium story is compelling as heck with over 500gw of reactors needing to come online by 2020
* All told, PEN may one day have over 1.5 billion lbs in the ground and a 20% interest in Obama's secret gas pipeline. The future royalties of which are mind boggling.
We Are All Billionaires
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.735M | 32.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 6110118 | 73 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |