Clearly all the permits are important - as without them PEN can't mine.
However, the resource they have to mine and the way they finance the mining are the two things that will really move the company and share price imho. Not much point being a share holder if the company's financing leaves your holding diluted and "worth" very little.
My point being that it is all well and good to get excited about ann and see PEN moving towards being a producer and the price may rise but it will eventually settle on it's true value per share.
Don't forget this is a very speculative stock with many variables - remember to protect your capital.
Just MHO. I am not trying to down ramp and do not suggest I know which way this is going next. Just concerned about a few on this site who I think may have lost focus on the big picture of making wealth for yourself and protecting your capital.
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1892350 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3719 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1698145 | 0.110 |
23 | 4122795 | 0.105 |
80 | 10496953 | 0.100 |
7 | 578212 | 0.099 |
11 | 439690 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 7358657 | 62 |
0.125 | 2837667 | 21 |
0.130 | 2916575 | 18 |
0.135 | 2065362 | 13 |
0.140 | 1029542 | 12 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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PEN (ASX) Chart |