Peninsula Energy back on track?, page-40

This is effectively my thesis for holding, particularly since I'm not shuffling my positions regularly. We understand the current position, there's a somewhat moderate increase in sentiment correlating with spot rise, and in theory, a lot of the downside was already priced in. As said though, downgrade might be deadly...time will tell.

Feels like over the coming ~36 months, we're either going to zero / further cap raised to the point of just getting acquired for pennies on the dollar (i.e. complete and uttery failure to deliver), or 5-10x from current if there actually is delivery, since so much of the failure case I would argue is priced in just due to PEN's history. There's enough resource in the ground that needs selling after all.

For mine I think success / failure is much closer to a coin flip, whereas the pricing to my eye is basically pricing in failure, that mismatch creating an opportunity to hold out, whilst yes, acknowledging that there is downside risk. What actually happens though, I'll leave that to those with crystal balls.