Australia's largest stock trading and investment forum Australia's #1 stock forum

PEN

Click for more information

4.76%

11.0¢ peninsula energy limited

You could say the same about any uranium stock (except cameco...

First 658 Last

Share
Profile

Follow
liner08

1,119 Posts.

217

28/02/20

20:56

Post #: 43226097
Share

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.

Expand

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

PEN Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 54 more messages in this thread...

First 658 Last

Add PEN (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $306.2M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.5¢	$1.305M	12.08M

Buyers (Bids)

No.	Vol.	Price($)
38	7612389	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	8012765	17

View Market Depth

No.	Vol.	Price($)
33	7422759	0.105
112	11924791	0.100
13	1131920	0.099
3	376938	0.098
3	23000	0.097

Price($)	Vol.	No.
0.110	8012765	17
0.115	4695672	27
0.120	6824114	85
0.125	1760989	21
0.130	2084935	24

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 10.5¢			Change 0.005 ( 0.00 %)
Open	High		Low	Volume
10.8¢	10.8¢		10.5¢	1598049
Last updated 15.59pm 07/06/2024 ?

PEN (ASX) Chart