PEN 4.55% 11.5¢ peninsula energy limited

pen potential, page-5

  1. 3,699 Posts.
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    Whoa - fellow PEN holders - without wanting to put a dampener on things the facts are:-

    Market cap - $70m
    Cash in Bank - $7.9m
    Stated spending for quarter to 31 March'10 is $3.3m - we are already half way into this quarter
    Possible further cash raising required after next quarter ?
    First stage of pre feasibility just completed
    Full feasibility not expected to be completed until 2011 - it is now early 2010
    SP already up 25% in last 5 weeks
    Approx 1.4 billion shares
    Market position now - heavily weighted with 35m PEN sellers and 10m PEN buyers

    Upside probably, but a very long way to go....slowly, slowly..
 
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