Fund Manager Summary
The fund managers believe the outlook for Peninsula Energy Ltd presents a significant opportunity, particularly given its current market valuation of approximately $0.35. In their opinion, despite a recent 44% decline in share price due to a capital raise and operational challenges, the company is poised for recovery. They note the importance of new leadership that has emerged over the past year, which is focused on completing mine development and addressing cumbersome offtake contracts. Furthermore, the emphasis on repairing the balance sheet and securing adequate working capital to scale operations enhances its attractive risk/reward profile. Overall, the fund managers see potential value in the company as it navigates these challenges.
Source: Trading View
Commentary From The Managers
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Monash Investors
30 Sept 2025
$0.55
Summary
- Peninsula Energy rose 56% following its balance sheet re-set.
- AIC Mines increased by 18%, serving as a replacement exposure for New World and Mac Copper.
- Together, these positions contributed nearly 4% to the fund's performance.
- Monash Investors continues to hold and actively manage exposures to these names.
- They have added to Peninsula Energy through its recent capital raise.
- Increased position in Bellevue at distressed valuations after its capital raise earlier in the year.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Monash Investors
30 Sept 2025
$0.55
- Peninsula Energy rose 56% following its balance sheet re-set.
- AIC Mines increased by 18%, serving as a replacement exposure for New World and Mac Copper.
- Together, these positions contributed nearly 4% to the fund's performance.
- Monash Investors continues to hold and actively manage exposures to these names.
- They have added to Peninsula Energy through its recent capital raise.
- Increased position in Bellevue at distressed valuations after its capital raise earlier in the year.
Summary
Paradice Investment Management
30 Sept 2025
$0.55
- Peninsula Energy benefited from a significant recovery in uranium prices, with the U3O8 spot price increasing from ~US$62/lb to above US$80/lb.
- The company completed a A$70m equity raising to support the ramp-up of its Lance Project in Wyoming, with construction and commissioning underway.
- Investor sentiment improved due to strengthening policy support for nuclear energy in the US and renewed financial flows into physical uranium funds.
- Paradice Investment Management continues to view PEN as a leveraged play on the structural uranium supply deficit.
- With first production targeted for mid-2026 and an improving price environment, the company’s progress towards steady-state operations is expected to be a meaningful catalyst over the next 12 months.
Summary
Monash Investors
31 Aug 2025
$0.35
- Peninsula Energy experienced a significant decline of 44% this month, impacting Monash Investors' position by nearly 0.5%.
- The decline followed the completion of a capital raise and the company's exit from suspension.
- Peninsula Energy is focused on restarting its Wyoming-based uranium mining operations, facing various challenges in this process.
- New leadership has been introduced over the past year, emphasizing the need to complete mine development.
- Efforts are underway to unwind cumbersome offtake contracts and repair the company's balance sheet.
- Monash Investors believes that Peninsula Energy presents an attractive risk/reward profile at its current market valuation.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"Despite a recent plunge, the evolving narrative around Peninsula Energy suggests a potential turnaround. With fresh leadership tackling operational hurdles, the risk/reward profile may be compelling at these levels, hinting at an intriguing opportunity for discerning investors."
Last Updated: 30 Sept 2025
Query The Data
Frequently Asked Questions
Who is investing in Peninsula Energy Ltd (ASX:PEN)?
Fund managers including Monash Investors and Paradice Investment Management have invested in Peninsula Energy Ltd (ASX:PEN).
Why do fund managers invest in Peninsula Energy Ltd?
Fund managers have invested in Peninsula Energy Ltd due to its potential for significant upside as it works to restart its Wyoming uranium mining operations. Despite recent challenges and a notable drop in share price, the company is under new leadership focused on mine development, restructuring offtake contracts, and improving its financial position. This strategic pivot, combined with the current market valuation, presents an appealing risk/reward profile for investors.
What happened to Peninsula Energy Ltd (ASX:PEN)?
Fund managers are investing in Peninsula Energy Ltd due to its potential for recovery in uranium production and favorable market conditions. Following a recent capital raise, the company is focused on restarting its Wyoming operations, improving its balance sheet, and benefiting from rising uranium prices, which have increased significantly. With new leadership and strategic initiatives in place, Peninsula is seen as having an attractive risk/reward profile, especially as it targets first production by mid-2026 amidst a structural supply deficit in uranium.