PEN 25.3% 6.2¢ peninsula energy limited

Good One to Listen, page-42

  1. 606 Posts.
    I can't see all comments posted but I think there is for some a logical reason for citing some of the negatives.

    But most are still only seeing half the puzzle and not standing back to see how it all comes together. Being devils advocate is one thing...but these are people (appeared on this forum before) who refuse to speak to management and/or compare and contrast to the behaviour of companies (and how players take stakes in them) in their infancy to move into a more senior company. This story has been told before and it's an oft repeated pattern. 'Tis true it hurts for those who entered PEN at 15c...one can't cry over split milk.

    But what is important is asking 'why' questions.

    - why, with access to the mineral and logistics database (one would think) would RCF and PALA throw another $5.2m into the toilet on an underperforming white elephant. And that's after the other $80m or so already parlayed?

    - why aren't we listing yet? Sure, I can suggest it's unfortunate. All I can do is answer it my own way. "Gav, would you list into a tanking U price?" My answer is very easy. Minor leaguers want everything now. That's why they are minor leaguers.

    - why is Global X buying a lemon? Crazy stuff if they are.

    - why is it now, fully diluted, look like PALA/RCF are almost 50% of the register. But importantly, NOT 50% of the register?

    I am not suggesting that there isn't merit in pedantry for the engineers and accountants of the world. But you're still not seeing the complete picture, and it's a shame.

    Of course, in time - the pedants or the thinkers will be proven right or wrong. But on the scoreboard so far...I've seen every hurdle crossed at Lance irrespective of pedants. So I'll conclude just by saying what I would do.

    I would give you good news when you are going to be rewarded for it.

    Cheers
 
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