PEN is not exactly a penny dreadful.
It is a stock that has:
1. JORC resource.
2. $50m or so credit facility.
3. Just raised $10m or so.
4. Low capex & low opex.
It is a company that his ticked all of the right boxes heading for cash flow.
Have you charted BHP & RIO recently?
They are certainly not penny dreadfuls yet their share price has fallen more than PENs.
If PEN proceeds to plan, shareholders will profit 200% to 400% over the next 2 years.
This return will not be received on RIO or BHP.
long term chart, page-105
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Last
9.4¢ |
Change
-0.006(6.00%) |
Mkt cap ! $290.0M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 9.8¢ | 9.0¢ | $3.677M | 39.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 156740 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.8¢ | 285270 | 1 |
View Market Depth
| Last trade - 15.59pm 02/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |