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9.6¢ peninsula energy limited

Pen = close to positive cash flow production. CR is done &...

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12,700 Posts.

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28/05/24

10:27

Post #: 74039640
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Originally posted by tutes ↑

Agree, both TOE and PEN has underperfomed.. both have had some questionable decisions made by management..

But let's look at the differences:

PEN
- you can see the "light at the end of the tunnel" and the planned timetable... ie. production by end of 2024, now fully funded to positive cashflow (Q3 2025).
- mine is in Wyoming (one of the best uranium mining jurisdictions in the world)
- plenty of cash on hand

TOE
- is their project even fully permitted?
- project is in WA where uranium mining is BANNED.. people are betting for a change in government or a takeover (both out of control of the company and no guarantee of either happening)
- zero revenue, and low cash.... will continue to CR over and over just to keep the lights on

I'd also think that PEN is the more likely T/O target, being less risk and heading into production. For TOE, I'm not sure how many companies are keen on buying a project in a state where uranium mining is banned

Expand

Pen = close to positive cash flow production. CR is done & dusted. “Dog prep for a race by the end of 2024 and beyond”

Toe = explorer with unending CR. Take over target? Imagination is free. “Stray dog with uncertain future wanting to be fed”

PEN Price at posting: 10.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $305.9M

Open	High	Low	Value	Volume
9.6¢	10.5¢	9.1¢	$2.766M	27.91M

Buyers (Bids)

No.	Vol.	Price($)
2	317999	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	180000	1

View Market Depth

No.	Vol.	Price($)
2	317999	0.096
2	400000	0.095
2	110989	0.091
8	1188742	0.090
3	71235	0.089

Price($)	Vol.	No.
0.098	180000	1
0.099	300000	1
0.100	293948	4
0.105	4452526	36
0.110	4053261	39

Last trade - 16.10pm 02/10/2024 (20 minute delay)

PEN (ASX) Chart