PEN 0.00% 8.9¢ peninsula energy limited

Hi Kroenhy17 - it's my best guess based on multiple articles...

  1. 342 Posts.
    Hi Kroenhy17 - it's my best guess based on multiple articles written on the subject, both bullish and bearish and an assessment of demand and supply in the future. I also think the climate change debate will influence progress on alternative energy, as much as it does not seem to have to this point. I am confident that utilities will look at these factors and potentially repeat the error of the first boom in U price i.e. where they all tumbled in to the market at the one time to lock in supply. Even if they take a more measured approach, demand from new facilities coming on line will test supply. However, like you, I have held on for many years with hope rather than because there was real substance. Luckily I am not underwater on the stock, even at its current price, having been issued the original holding at a very low price and accumulated a lot of stock back in the sub 2cent days (in old money). I think we have been lucky also to see the company actually get to the production stage and that this, if anything, if a good reason to hang on and redeem the potential rewards, however, moderate or extraordinary they might turn out to be. Happy to hold on this basis.
 
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