december 2011 price speculation, page-13

Boy you guys are optomistic! Not bagging PEN at all but maybe laughing at a few dreamers ;-).

I will be quite thrilled if my shares are worth between 15 and 20 cents in Dec 2011. Anything over that I haven't even bothered to day dream about because I hate disappointment.

I find the dividend discussion far more interesting as I'm looking at holding loooong term. 5 cents p.a. would be a wet dream (I have quite a few) ((god, can I say wet dream here... moderators ?)). I have been trying to work out what a rersonable expectation might be. Based on the likely U price, calculated opex costs, possible further dilution or loan repayments for capex and the need to fund development at Karoo I've been thinking of a number somewhere between 1 and 2 cents for the first 3-4 years climbing to 4-5 after Karoo is in full production.

Anyone else want to weigh in with their expectations ?