PEN 10.0% 11.0¢ peninsula energy limited

pen secures a a$50m equity line facility ..., page-44

  1. 1,415 Posts.
    yep, another great ann (thats 3/3 fridays so far... thus next fri...??)

    and definately this amount of money is tough to secure. shows concretely that Gus means what he says about developing this to production alone, without any takeover.

    If you considered that this could be a huge factor to impact the possible market cap, well $50m over 1.3b shares is about 3c per share, so maybe .5c rise could be reasonable?

    Still, i was the only lucky one who sold at 5.4c today, but looking to buy back at about 4.9c atm. This is the time to accumulate - 4.5-5c. The support line supports up to about 4.5c atm nicely.
 
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