PEN peninsula energy limited

Ann: Consolidation/Split - PEN, page-61

  1. 181 Posts.
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    Yep, that's pretty much the event that I'm here for. If there are more delays and more excuses I'll pretty much go into damage control mode. If things go ok to well I'll let things run a little while, at least until my last buys are convincingly over the 1 year mark to make sure everything is at the long term capital gains rate. Holding longer would require them to show a roadmap for expansion supported by a strong trend in uranium prices. I will be very disappointed if I don't net at least a couple of million in gains of this one for the risk I've taken and time I have tied up capital here. Hell over the same timeframe I have seen a 100% gain in an active value vanguard fund, something I never had any fear of losing half my investment in. PEN could have easily eaten half or 2/3 my investment in it just by being slightly worse than they have been with managing capital or if the U price had not gone on a run and we had no restart in sight. That requires at the very least a 3 bagger to justify it all. The irony of some of the posters that have been here only turning bullish when it spiked up to 30c which if I had taken their euphoria as a hint that it was over valued could have given me a 4.5 bagger although admittedly at a much smaller position size than I have now as I didnt invest at my limit at 6.6c, I had like $100K, which you know 450K is nothing to sneeze at, I could have bought the neighbor's house to keep it for guests as a PEN-house or something.
 
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