i'm not sure, why some would sell for less atm,,,would have to view PEN getting cheaper still,,,,
but not for mine,,, i reckon this dip into 2 something is only going to last for a very brief period,
When your project in in the USA, and IRR of 47%,,after tax,,,how much better is the market looking for???
That is to say,,,after tax PEN would cover its capitol in just over two years!!
Take opportunity while it lasts IMO,,,
we have had to have the markets and desperate sells create this op atm,,,the question is, will the oversold nature of ASX stocks with NON AUS resources, get recognised, and see some intelligence applied against broad based sell offs.
For mine, i'm buying non AUS assets stocks atm.
PEN Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
