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Peninsula Energy Limited

( ASX:PEN ) - Energy

News

Peninsula Energy: Spec Buy from Hartley

Hartley’s latest report on Peninsula Energy (PEN) begins with what seems like an unusually frank admission. It says PEN’s Wyoming uranium projects are not viable at current spot prices. This seems grim until shareholders see that the “Speculative Buy” is based on the fair assumption that the power utilities will not want to take the risk of remaining “uncovered” for too long in case the spot price turns up in the near term.

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