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10.8¢ peninsula energy limited

PEN - NFWG - U3O8 - Breakout!, page-658

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liner08

1,119 Posts.

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28/02/20

20:56

Post #: 43226097
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Originally posted by You3OAte: ↑

I'm not convinced PEN can survive long enough for the uranium 'recovery' to unfold. In my mind, there is a very real possibility that they'll fold or be taken over for cents in the dollar - RCF perhaps? They have money problems and a lot of technical baggage. Throw poor U sentiment into the mix, and it's an awful investment proposition that PEN is offering.

I don't see any silver lining for PEN in the medium term and therefore I reckon the SP will drift toward the sub-10c range. In this range, PEN is a true penny stock, subject to the whims of day traders. There may be opportunity to make a few bucks on the pump and dump events - you know, 'working your trading parcel'. I'm no day trader but I may be tempted to gamble a few dollars in that range. Cue phish - "Ah ha, so you are a trader". Whatever.

Another comment - PEN's continued SP decline has nothing to do with Coronavirus - that's just another excuse fabricated by the bulls. The decline is real - no one out there believes the PEN narrative. Plus the financial evidence (half yearly report) is downright horrible.

All the above is obviously my opinion and I could be totally wrong.

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You could say the same about any uranium stock (except cameco and kazatomprom)

PEN Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 10.8¢		Change 0.003(2.38%)		Mkt cap ! $299.2M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.5¢	$894.8K	8.439M

Buyers (Bids)

No.	Vol.	Price($)
2	37797	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	101132	1

View Market Depth

No.	Vol.	Price($)
2	37797	0.135
7	394106	0.110
87	6476894	0.105
112	11763323	0.100
11	931819	0.099

Price($)	Vol.	No.
0.098	101132	1
0.099	73480	1
0.100	87718	3
0.105	239882	2
0.110	4742486	17

Last trade - 15.59pm 06/06/2024 (20 minute delay)


Last 10.5¢			Change 0.003 ( 0.85 %)
Open	High		Low	Volume
10.8¢	10.8¢		10.5¢	2388545
Last updated 15.59pm 06/06/2024 ?

PEN (ASX) Chart