PEN peninsula energy limited
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Cost for the backend plant off $24m was done some time ago...

  1. phishpheet
    10,547 Posts.
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    05/08/23
    11:45
    Post #: 69176050
    Cost for the backend plant off $24m was done some time ago wouldn't be surprised to see that run up to $30m plus.

    PEN will not have the funds that was expected from the contracts next year or the following year with the delays.

    With almost 200m shares traded over the last few weeks and now a CR my guess $40m to $50m leaves PEN open to a hostile takeover..
    PEN Price at posting: 10.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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