At the end of the day we have a $130 million dollar market cap for a company that isn't going to be cash flow positive until stage II is up and running. Plenty of opportunities for the "Big Boys" to position themselves at very favourable terms (as per recently announced deal), at the expense of long term supporters with shallower pockets. I've been a big supporter of PEN for many years, but alas, I no longer understand how it is possible to move from explorer to producer and at the same time plummet to all time lows.
I think the downward trend is likely to continue for the foreseeable future.
GLTAH
Ann: Quarterly Activities Report-PEN.AX, page-17
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $342.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $477.3K | 4.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 4987113 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1455168 | 10 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |