Shadders
You stated:
"What do you mean 'where it should have been? We know it's fundamentally worth roughly 20-30c at production which is minimum 12 months away."
Isn't it amazing how posters here get so riled up when someone states that PEN is potentially going to drop to 2 cents (69$ drop) but nearly everyone seems perfectly fine with a prediction that the share price will rise from 6.5cents to potentially 30cents (361% increase)with no detailed calculations to support it.
So Shadders, would appreciate it if you could provide a bit more detail as to why PEN is "fundamentally worth roughly 20-30cents at production" in 12 months bearing in mind that they are only planning to ramp up to 1.5mlbs/ annum when they commence production? That's a market cap of roughly $700m to $1040m fully diluted. PEN's peers in the US which have already commenced production currently have a market cap of less than $200m. Even Hartleys is valuing PEN at 7 to 12 cents.
Managing expectations is probably a good idea or people are going to get disappointed again IMO.
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No. | Vol. | Price($) |
---|---|---|
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8 | 1005637 | 0.099 |
14 | 1795411 | 0.098 |
10 | 922216 | 0.097 |
9 | 2226863 | 0.096 |
Price($) | Vol. | No. |
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