PEN 9.88% 8.9¢ peninsula energy limited

pen gets mentioned in the australian today, page-8

  1. 7,464 Posts.
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    With all due respect Dhuy, and I do hold respect for you, you are a very clever poster with a marvelous grasp of writing and remembering the finer detail, you there-for sold EXT prior to the Rossing discovery.

    You would have held ext based on the Ida etc results which are not earthmoving as Rossing South.

    I also understand that when the stock consolidated the shine of massive profits on a penny stock as it rose from 10 cents to 50 cents was taken away from us all.

    I believe pen still have that, but, for how long. With a billion shares on issue at 2.5 cents and limited cash it will need to also get serious if it wants to really mine.

    EXT just got serious because they were sitting on what is potentially the biggest uranium find in the world. They are not even half way through drilling the length of Rossing South. I just hope we are still here in 12 months and over $10.

    Has Pen done a PFS or a BFS yet? These are very costly excercises.

    Their plant they purchased, how old is that and how long left unused, wont that need many many dollars to upgrade.

    How far from homes is the mine? That is a concern for me, ISL is pumping acids into the Earth, will that get approval.

    Not downramping, they are serious questions to whether Pen will be able to get off the ground.

    Because I am working I cant be trading so I need stocks that I am confident with, not stocks I hold questions about.

    I am also concerned about the size of the resource??? It is less than Ida and Ida had its doubts.

    I wish you all luck, Especially Dhuy, but I feeling compelled to write this as you guys are always talking about EXT.

    Harlee
 
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