PEN 0.00% 8.7¢ peninsula energy limited

urz moves on pen, page-36

  1. 161 Posts.
    sircorp, in response to the following

    "My Bet is Lance Project will be sold to some one sooner to start project in WA or SA or South Australia.

    Without predjudice, I don't believe they will sell Lance. In a recent email from Gus he said that PEN are currently not looking to do anything in Australia as it is more trouble than it is worth.
    He did say that Managment are very excisted about the prospects in South Africa tho.
    So to sell Lance they would soley be focusing on Karoo and Raki Raki, any I don't believe they need to do a whole lot at Raki Raki (due to joint venture). Why would the sell the mine closest to production just to do it all over again in another country when they have the available capital to do both?

    just my two cents...
 
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