PEN peninsula energy limited

Remember Target ... $12.36, page-113

  1. 16,680 Posts.
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    No it's not. Depending on what you mean re-starting.
    1. Introduction of acid was supposed to be by end Dec.
    2. The company has said there will be some delays in tonnage of U produced in the first year.

    Now apart from not understanding or deliberately misunderstanding you need to get up go date otherwise you will look like a person who stands at the end of a pipe looking up it when the tap hasn't even been turned on yet. You know what that results in. A well deserved eye full of cold water.

    Personally I'm trying to understand the reason for the initial tonnage downgrade I believe to be the lower pumping rate expected due to is it the permeability of the beds or the well pattern and why did they say no downgrade fr later years. Will they simply power up more wells?

    Whatever it is it's unlikely the share price action reflects the delay.
    I'm looking forward to working through the issues. That's how money is made (better than spluttering about the face full of cold water).

    All IMVHO.
    Last edited by arsenic: 16/12/24
 
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