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9.4¢ peninsula energy limited

Pen General Discussion, page-204

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turtlespeed

704 Posts.

250

14/03/23

13:07

Post #: 66754959
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Originally posted by stonkstrader: ↑

I think we really have to question the decision to raise at a discount while sitting at 52w lows last year. In this economic environment spec stocks like PEN were always going to get smashed regardless, now we have more dilution, a lower share price and seemingly little desire for anyone to invest in this sector. Unless the share price rockets for some reason (unclear what that reason will be seeing as supply/demand in Uranium seems to mean nothing) then it is likely that they will again raise in the future at a low price and screw over shareholders.

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I agree with the recent raise , but they have plenty of money to restart with the raise of $32 million aud , $ 18 million usd from US government sale and another $11 million usd in stockpiled reserves at current spot price. Basically half the market cap of this company is in cash and liquid assets. They will need to raise when they decide to expand and drill out the resource.

PEN Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.4¢		Change -0.001(1.05%)		Mkt cap ! $297.9M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.1¢	$433.2K	4.654M

Buyers (Bids)

No.	Vol.	Price($)
20	381580	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	1537	3

View Market Depth

No.	Vol.	Price($)
13	157722	0.093
7	219796	0.092
14	1130350	0.091
17	2821651	0.090
10	3339369	0.089

Price($)	Vol.	No.
0.094	699962	24
0.095	916133	6
0.096	752265	6
0.097	207388	4
0.098	331819	6

Last trade - 14.14pm 27/09/2024 (20 minute delay)

PEN (ASX) Chart