What is worrying me is the construction dollars spend rate required to get the project into production by the end of this year.
Assumptions:
1. Initial project capital requirement $68M
2. Capital spend so far $9M (Blackrock notes drawdown)
Remaining capital spend required $59M.
Remaining time to allow production this year (by 1st Dec) is 6 months.
Spend rate average is nigh on $10M per month every month (most projects run a bell curve of dollars spend). For the size of the project and the number of work faces available I would expect PEN will be struggling to spend this quantity of construction dollars every month, unless a considerable amount of the piping and electrics are plug and play (assembled in factory and shipped to site as modules).
I would be very interested to see an abbreviated construction programme from PEN showing what Gus keeps advertising that PEN is on track for production in 2014.
I remain to be convinced. DYOR.
- Forums
- ASX - By Stock
- PEN
- construction
construction
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.7¢ |
Change
-0.002(2.02%) |
Mkt cap ! $309.1M |
Open | High | Low | Value | Volume |
9.8¢ | 10.3¢ | 9.5¢ | $1.301M | 13.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 49997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.096 |
3 | 864524 | 0.095 |
4 | 177042 | 0.094 |
6 | 506789 | 0.093 |
7 | 946301 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 49997 | 1 |
0.098 | 300000 | 1 |
0.099 | 330001 | 3 |
0.100 | 577627 | 8 |
0.105 | 9153880 | 50 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |