PEN 1.19% 8.3¢ peninsula energy limited

Technical Analysis, page-18

  1. 12,674 Posts.
    lightbulb Created with Sketch. 502
    First ask your self

    Who??

    Miners that would/ could benefit from integration into their business model..or
    a Banker- financer like Pala how would they benefit as costs would remain the same as need the collective to keep it functioning as going concern..or an arbritage player.

    Then ask

    How??

    Would the take over look - ie market creep to compulsory acquisition?
    Hostile --do we need collusion of 2 or more cornerstone to overcome hurdles.

    Would any of the 4 or 5 larger holders (not currently in profit), but privy to the data room want to give up.

    T50 hasn't changed much in the last 2 weeks.

    Even at these levels only 3m 'sold' since trading started again.
    Just wondering where the 3M or so shares 'sold' have traded to/from?
    Long way to 75%/90%.

    Pen is a going concern with stage 2 funding & can hold that pattern until price improves as it is $20+ /lb profit .

    I have a program that reads the announcement s & highlights the differences between the last announcement & this..Saves a lot of time & coffee

    Unfortunately HC limited on attachments as too big a file with both docs & the variances.
 
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