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2.13%

9.6¢ peninsula energy limited

Last cap raise was at 7.5c PEN were right to NOT take the excess...

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tutes

3,325 Posts.

691

12/04/24

18:45

Post #: 73321973
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Originally posted by AlbertE ↑

These idiots at the top had nearly $33M in the hand and they took only $10m. They let go of $23m and this short fall in funding has come back to bite them again. Add the 10c options and they would have been sitting awash with cash and the loan (gap) would not need to be as much.

The market is selling them down in a U bull market with so many others running hard and years from production.

Sack the whole board I say and start again.

They are destroying shareholders capital. The lost opportunity costs are seriously getting wider considering someone could be on a PDN/BMN/LOT/DYL etc etc which are moving forward and we are in reverse. Makes the blood boil.

But investing is meant to be an objective task without emotions clouding judgement. So I will gently walk away and take deep breaths and enjoy my wins in DYL and LOT and relish that it is Friday.

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Last cap raise was at 7.5c

PEN were right to NOT take the excess

This is because they could easily do another cap raise at much higher prices (eg 15c) in 6 months time, resulting in less dilution than if they took the excess at 7.5c

Maybe no cap raise required though, if they get enough get enough debt

Last edited by tutes: 12/04/24

PEN Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.6¢		Change 0.002(2.13%)		Mkt cap ! $305.9M

Open	High	Low	Value	Volume
9.1¢	9.8¢	9.1¢	$1.899M	19.96M

Buyers (Bids)

No.	Vol.	Price($)
2	192488	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	679583	5

View Market Depth

No.	Vol.	Price($)
2	192488	0.095
2	230001	0.094
3	614687	0.093
6	755549	0.091
3	566632	0.090

Price($)	Vol.	No.
0.097	679583	5
0.098	712341	7
0.099	1676955	12
0.100	3268133	19
0.105	3377999	25

Last trade - 16.10pm 01/10/2024 (20 minute delay)

PEN (ASX) Chart

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