Go out for lunch only to come home to read a great post like this. Thanks Motty, very much appreciated.
I am very pleased to hear these comments on the direction of Pen and also the directors putting their money into the stock. Great News!
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Restructure and consolidation of shares is not on the agenda. The liquidity of the stock is not seen as a disadvantage. He believes that over time the day trader will be removed from this stock as the institutions move in and take up positions. He stated to dilute the number of shares at this stage is only giving the share holders a hair cut.
It will be looked at when the mine is running at a profitable level. Share holders best interests are at heart.
He made mention that the directors are putting their money into the stock. They believe it is a very solid resource with a huge upside.
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Cheers NK
general meeting, page-24
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |