PEN 8.62% 6.3¢ peninsula energy limited

No surprise if Pore or a number of others pulled out now. Gee,...

  1. 320 Posts.
    lightbulb Created with Sketch. 20
    No surprise if Pore or a number of others pulled out now. Gee, the PENOA really seem like a bargain now, I have to admit about feeling somewhat duped by this conversion. I actually paid money for the options (as I am sure many did), then another 3c to convert, and here we are, with funds tied up for a substantial period of time, with the SP at 3c and staring down the barrel of a further decline with no significant positive news on the short term horizon. Whilst I do have long term confidence in the fundamentals here, I am beginning to think it may be better to park the money somewhere else for the moment.

    I have tried to remain very positive about PEN for quite some time, and I don't completely blame management; macro environment with regards to U, general downturn in stocks, NRC licensing issues, hippies worried about dust and light...I am just finding it hard to look at a short term upside, or is the SP going to continue to slide down to around 2c?
 
watchlist Created with Sketch. Add PEN (ASX) to my watchlist
(20min delay)
Last
6.3¢
Change
0.005(8.62%)
Mkt cap ! $200.7M
Open High Low Value Volume
6.1¢ 6.4¢ 5.9¢ $2.761M 44.92M

Buyers (Bids)

No. Vol. Price($)
9 1579174 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.3¢ 387641 6
View Market Depth
Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
PEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.