PEN
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6.00% 9.4¢ peninsula energy limited

Trying to get my head around something... think my brain had...

  1. flashman1207
    472 Posts.
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    14/02/17
    12:52
    Post #: 22597688
    Trying to get my head around something... think my brain had stopped working.....

    OK, re the $15k SPP offer. If one is sitting on a considerable paper loss so far with PEN and worried that the price will drop from current 80c to lower than 50c (if I take up the offer) why wouldn't you sell $15k at current price now, take up the $15k offer thereby potentially getting more shares than before and then holding. Only downside I can see is that you might not get $15k worth.....

    My thinking has gotta be flawed...

    Thoughts?
    PEN Price at posting: 79.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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