PEN - Peninsula Energy

[barney]

Just before the CLOSE .061 ...... Nasty .... does look a bit overdone though. Should jump 3-4 ticks on Monday?

 

[peter2]

I agree that PEN looks oversold. The delays are only a temporary setback and PEN has plenty of cash to get into production. A speculative buy at best.

I also notice that the capital will be consolidated 20:1 soon. This will make the issued cap look respectable hiding the multiple shares issued over the past few years. On the positive side PEN is close to restarting its uranium production.

 

[qldfrog]

I agree that PEN looks oversold. The delays are only a temporary setback and PEN has plenty of cash to get into production. A speculative buy at best.

I also notice that the capital will be consolidated 20:1 soon. This will make the issued cap look respectable hiding the multiple shares issued over the past few years. On the positive side PEN is close to restarting its uranium production.

So even my 6.4c entry is nicely..hum..in red.
I pity long time holders

 

[frugal.rock]

Consolidation underway.
Had no idea?
Was nearly thinking it was a buy.
Don't see any recent announcements about it and it appears to be about a 20:1 job going by the current SP.

Current ticker PENDD
Woof.

 

[barney]

Good old PEN managed to get me again ... If you don't laugh you'd cry! Come back in 6 months I'd say.

 

[rcw1]

Good old PEN managed to get me again ... If you don't laugh you'd cry! Come back in 6 months I'd say.

View attachment 188771

Good evening @barney
You still holding?... maybe not quite that long ... six months. Some movement in the right direction bloke ...
one minute

daily

Not holding

Kind regards
rcw1

 

[frugal.rock]

Don't know what caused this downfall

 

[barney]

Don't know what caused this downfall

Bit of a delay in Plant construction and a downgrade in short/medium term production Rock ...... Market has spoken. Frustrating.

 

[frugal.rock]

Woof

 

[Garpal Gumnut]

Woof, woof, F-N woof.

gg

 

[barney]

Woof

I've taken my medicine with this a couple of times. Definitely over it.

 

[frugal.rock]

Hasn't traded since mid April.
Wooooffffff
Poor holders. Not sure why it's suspended either.

 

[Dona Ferentes]

Hasn't traded since mid April.
Wooooffffff
Poor holders. Not sure why it's suspended either.

back and very unhealthy

35c, down 45 percent

PEN' s word is mightily impaired

 

[houtman]

PEN' s word is mightily impaired

Nice, for those that prefer the visual -

GG gonna have to start patrolling the perimeter again.

It's a classic thread this one, 172 pages of disappointment.

 

[Garpal Gumnut]

It is yapping again, is PEN, ready to dislodge more money from it's holders.

gg

 

[frugal.rock]

Holders to be diluted by equity raise. Basics are dilution by 1.46 times of all existing shares. Ouch!
Around 233 million new shares to attempt to raise $~70 million via 2 tranches at $0.30.
Definitely for the die hard optimists, however, there could be a trade in there somewhere....

 

[Garpal Gumnut]

Holders to be diluted by equity raise. Basics are dilution by 1.46 times of all existing shares. Ouch!
Around 233 million new shares to attempt to raise $~70 million via 2 tranches at $0.30.
Definitely for the die hard optimists, however, there could be a trade in there somewhere....

Thanks @frugal.rock . I have put in bold the only sentiment of yours which I believe is totally untrue unless you can short the bu**er.

gg