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PEN peninsula energy limited

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meyemik

780 Posts.

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22/08/23

18:07

Post #: 69485017
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Originally posted by Tomaszabc: ↑

This uranium chart looks good to me. It looks like are going higher. There is a transportation problems on black sea, Russians and China slowly raising influence on Kazachs and Uzebeks.
Sprott Physical Uranium Trust didn't buy almost any uranium in more than a year. Some forces protecting it from launching "flywheel effect".
Maybe this is the time? When investorst are bored, when price went down and now showing sign of life?

I bought more with a good chunk of my money at 10,3¢. I feel it's rewarding me now.

Remember UEC company from few months ago? Some researcher throw bad information about company and it went down 45%. Now it's up 74% from bottom and want to start production.
It is happening all the time folks. Remember Cameco after capital raise for Westinghouse takeover? I bought at 23$ and now it its 36$. I don't say that Im still holding Cameco now. I sold it some time ago and now my capital moved to Peninsula.

In this sector it is better to doing nothing instead of doing something. If company do smthing and it foot slips-- ouch- 50% down.If company do nothing, don't want to do nothing- no problem. It goes up and down with a wind of markets not disturbing anyone.That's why Im interested in Pen. It is still 25% to 200 week price average. Don't you think we will make it in this bull market ? I think we will and we overshoot.

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i dont see any reason why PEN cant be in the $'s in years to come

PEN Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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