PEN

1.08%

9.2¢ peninsula energy limited

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Jimbo74

116 Posts.

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05/05/16

16:06

Post #: 17687409
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Originally posted by Ians ↑

I'm with you Penergetic - been here since 2007 spin off from PMH. Held during the last ramp and still accumulating - difference is that then the price was based on the U price alone while now PEN is actually a producer with potential to scale up very quickly i.e. there is some substance to its activity. My investigation of the market suggests that it is running on inventories and will do so probably for at least the next three to six months - hence the share price will stay low for a while. However, utilities will seek to lock in supply in an increasingly competitive market on the demand side later this year or next if not before. If there is a danger it might be that PEN locks in too many contracts at a low price and doesn't have much to sell when the price really takes off - but that's when the scaling can occur I expect. The price reflects the market not the CEO. Anyone who thinks this is the case is blind to the fact that Gus has been there pretty much from the start and we have gone from a specky explorer to a producer in a tough market where most other U projects have been or are being shelved. That is a record of success, not failure. Don't be led by the blind, that's my advice.

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I agree. However, I have not seen any defiative advice that there are no escalation clauses in the contracts. Would anyone like to expand on that thought.

PEN Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.2¢		Change -0.001(1.08%)		Mkt cap ! $293.2M

Open	High	Low	Value	Volume
9.3¢	9.3¢	9.1¢	$478.7K	5.181M

Buyers (Bids)

No.	Vol.	Price($)
1	200000	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	384530	2

View Market Depth

No.	Vol.	Price($)
16	863808	0.091
30	3375059	0.090
6	1023414	0.089
13	965527	0.088
6	1075879	0.087

Price($)	Vol.	No.
0.093	244530	1
0.094	160724	1
0.095	450000	3
0.096	421060	3
0.097	497731	4

Last trade - 16.10pm 01/11/2024 (20 minute delay)

PEN (ASX) Chart

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