PEN peninsula energy limited

Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-52

  1. 274 Posts.
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    Is sentiment going to run on a company that in the last 18 months has delivered a lackluster DFS, raised money at 20% discount to 12 month lows (at the time), delayed production several times and now needs more fund than their market cap to get there? Or are people going to steer clear because they know dilution is coming and money isn't coming for a long time?

    I have no idea. Honestly I bought at the worst possible time, then completely underestimated the impact that raising interest rates would have on the stock market and have been hit by repeated bad news from PEN. Could have sold out at break even a number of times but kept faith, in the end I've lost thousands, thats the risk of investing I guess.

    People like me a cynical for a reason.
 
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