End of year share price prediction, page-81

PEN is lagging so much behind its peers even though it is probably the closest to production. The 7.5c placement and subsequent options at 10c strike is going to be a large drag. Obviously one positive is they get $40 m if all options are exercised.


But it’s a catch 22. I don’t see the SP breaking out of this malaise for a while yet. Seen to be stuck in the 10-12 c range with random shots to 14c. Large glut of offers between 12-17c. If it happens to break out of 17c then maybe a chance to run. It’s in the draw until back Half of this year.