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9.4¢ peninsula energy limited

the capex required for early works is only 5m. Stage 2 capex is...

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scatterbrain

459 Posts.

203

17/09/18

18:07

Post #: 35653433
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Originally posted by You3OAte ↑

For the next 2 years, I'm not sure spot (or anything for that matter) will trigger a significant SP rise for PEN.

Consider the following:

Until low pH processing starts to deliver (if it delivers), production will be flat or decreasing (25,000 lb per quarter if my memory serves).

Unit costs of production will be flat.

Fixed sales price means revenue will be flat or decreasing.

CAPEX required for low pH early works.

Convertible notes in April 2020.

All the above means SP will remain flat (best case scenario). But I reckon investment dollars will move from PEN to others that provide more attractive (fictitious?) financials - PDN, DYL, VMY, BOE for example. Any potential SP appreciation will be contingent on the success of low pH processing, and this question is still 24 months away from being answered. I wouldn't be buying PEN.

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the capex required for early works is only 5m. Stage 2 capex is not needed until our current contract is complete. I urge all to read the facts of FS.
PEN Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.4¢		Change -0.001(1.05%)		Mkt cap ! $299.5M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.1¢	$744.5K	7.959M

Buyers (Bids)

No.	Vol.	Price($)
2	42501	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	251092	2

View Market Depth

No.	Vol.	Price($)
2	42501	0.093
2	262500	0.092
9	992521	0.091
15	2628185	0.090
6	2989970	0.089

Price($)	Vol.	No.
0.095	251092	2
0.096	293088	2
0.097	192684	2
0.098	392600	6
0.099	1343450	8

Last trade - 16.10pm 27/09/2024 (20 minute delay)

PEN (ASX) Chart