PEN 1.12% 8.8¢ peninsula energy limited

pen secures a a$50m equity line facility ..., page-36

  1. 494 Posts.
    lightbulb Created with Sketch. 31
    I don't see how this ann adds 20% to the SP for it to jump to 6c. A uranium strike might..

    What this means to me is that they have funds available to move things forward faster and go to production (hopefully) sooner.

    Great news for anyone who's in it till the end. But to pump the SP up you need the traders to come back which means drill results, U spot price increases, JORC and production etc.

    That said - I'm sure PEN is popping up on people's radars as something to watch.
 
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