PEN 6.00% 9.4¢ peninsula energy limited

laughable

  1. 94 Posts.

    Have held this stock for only a few weeks but have certainly enjoyed the ride. PEN is certainly speculation at its highest. Anyway, was looking to inject a little sanity to this forum with the question "Does anyone else think that fact that this company has a market cap of in excess of $300M, undiluted, is laughable, particularly given how far away they are from turning a buck?" Found the recent call for another 10 bagger from here - thereby taking it well and truly above ERA, the world's 4th biggest producer - as particularly irrational.

    Sane views appreciated. No ulterior 'downramping' motives, just looking to see if anyone shares my views?
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