PEN peninsula energy limited

Ann: Trading Halt, page-45

  1. 4,830 Posts.
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    They literally bent over. They kept saying they would wait and could wait for a good deal for shareholders to emerge. But this is BS. I will probably be a seller when relisting. If it had been at 10c or even 9 c then ok but 7.5 devalues the company enormously. Wipes out current shareholders.

    Anyway it is what it is. I think the writing was on the all when DYL PDN and BMN to name a few were hitting ATH recently and the SP of PeN didn’t really budge. Should have sold it then and waited for them to raise the cash first.

    That is disappointing.

    I know in the long term if it can triple from 7.5c then it will still be a good return from todays prices.

    Need time to think about this. And is there better value elsewhere?
 
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