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.
PEN is not exactly a penny dreadful. It is a stock that has: 1....
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $201.4K | 2.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 88 | 11127369 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 7440214 | 47 |
View Market Depth
| Last trade - 13.47pm 09/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |