PEN peninsula energy limited

becoming too money hungry. This project is becoming a black...

  1. 1,353 Posts.
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    becoming too money hungry. This project is becoming a black hole. Draw down US$10m immediately, desperate for cash. Plus still need a capital raise, likely at 30 cents. Not far from pre-consolidation price.

    All may be forgiven if they can start producing, but will likely take 6-12 months to recover to around $1/share
 
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