Held these from way back, transferred to super at the lows which is ok now there and wrote off against gains elsewhere over time. Bought in from 7's, 11's, 12's, and 14 cents in co and personal. Sold all when it hit 20 briefly at average of 19.5 guessing there'd be a period of consolidation at that level with an attendant stop hunt or two to grab a bag back in, hopefully around 15c.
Might yet get it, but if it's to stock up at spot as suggested then I reckon someone like Blackstone would be only to happy to park some more investment in here at higher price. Buy a commodity increasing in price through a vehicle increasing in cap value, and up their hold on a potential target at the same time.
PEN Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
