PEN 4.76% 10.0¢ peninsula energy limited

hmmm good point.they talked about testing the waters and seeing...

  1. 240 Posts.
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    hmmm good point.
    they talked about testing the waters and seeing how much is out there in spot, which theyve done and have commented on.
    But why they haven't accumulated quietly. Maybe they dont want sellers and want the spot to rise to force utilities to start talking contracts. you no who knows. 

    i do no these guys dont think daily weekly monthly, like we do. so maybe they are trying to give investor confidence. 
    they said their first order of half a miilion pounds was 7x oversubcribed at like 3.5 million pounds, why didnt they buy it all?They said the prices where all over the place,some cheap, some with premiums. I think its clear they want higher prices because theyre not typicaly in the bussiness of buying and selling. its great for the mean time. but for an overall value model, clearly higher prices adds the most value to their vast resource base. 

    Just brain storming and would love to hear others views on this topic. 
    I do like that question and would love to hear an honest answer to it from tim
 
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