Always sell uranium stocks when directors are buying and irrational exuberance sets in - more so, when the well known X feeds become so wildly excited, they appear to be pretty much excreting radioactive waste into their jocks. Interestingly, for this element only, takeovers and consolidation also adds to the above.
PEN's value is in their potential increase in JORC reserves - expansion.
Otherwise, she's about right atm and luck to those who got in at the last placement.
That was a gimee.
PEN's escape is a takeover and those that may be circling may not be as high now as I thought, although, you never know.
The U price may disintegrate, for whatever reason, but in the 7s and 8s, this one is okay for a punt.
I'll wait.
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peninsula energy limited
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End of year share price prediction, page-86
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