PEN 2.27% 10.8¢ peninsula energy limited

yes Uec gave notice to end which ended pens timeframe for...

  1. 2,738 Posts.
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    yes
    Uec gave notice to end which ended pens timeframe for production
    for Uec own needs which did not eventuate??
    shit happens but the only beef I had was why did the company raise and give such a discount of near 40%

    we are not in a bear market which I can understand raising funds is difficult
    but the opposite !
    the company could have raised at 10c or a 15% discount as we can see now the share price is holding strong
    would be less diluted the $10m to retail holders was capped and only got a % of that
    the $50m to insto/sophs instant and a handsome profit

    then you got the shorts who wanted a piece of the pie but got wind not happening
    so packed up and closed shop
    so all the anticipation of profit taking a sell down did not eventuate
    the market moves how it wants so if you think you got it pegged think again
    Jan was a strong month feb is flat 3 steps forward 2 steps back
    anyway onwards and upwards
 
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