PEN 4.76% 10.0¢ peninsula energy limited

Ann: Major Development Milestone Achieved at Lance Projects, page-12

  1. 134 Posts.
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    If you're subscribed with PEN, you should get an email about a paper prepared by RFC Ambrian on metals and mining, oil and gas. In there, it writes this:

    "RFC Ambrian Comment: With final NRC approvals one of the key steps towards achievement of first production, we are encouraged to see the timely submission of the wellfield package as a milestone to receiving full permitting. We anticipate first production should be the principal catalyst for a re-rating of the shares, which is expected in October according to the current timeline. We reiterate our Buy rating and target price of A$0.040."

    Not too far from now to October. Best of lucks all.
 
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