what is so compelling about pen., page-3

That about sums it up Cocopops

Also, very interesting chart, against my better judgement I bought some more today, I do believe it will decline some, maybe even to 4c, I hope not, but even if it does, it will give me another oportunity to but some more at even lower than now.

PEN could be a wopper with cheese, onions and betroot if a few things go its way.

Shares Issued 514,867,238
Market Capitalisation 26,258,229

They have a lot less shares than others similar and also have better chances of selling U IMO.






2006 news
27/11/2006 Peninsula Minerals advised that notification has been received from the Department of Minerals and Energy (DME) of the Republic of South Africa, advising that the remaining two of the six Prospecting Rights applications held by Tasman Pacific Minerals have now been granted. The newly granted Prospecting Rights are located in the Western Cape Province covering an area of 437 sq km. Further review and interpretation of geological data over the six Prospecting Right properties is set to commence in early December 2006 to enable the Company to implement the exploration work programme and budget for the coming year.
17/11/2006 Peninsula Minerals advised that Gold assay results have been received for diamond drill holes DDHQ005, DDHQ006 and DDHQ007 at the RakiRaki Project in Fiji. Details can be found in the ASX announcement made today by the JV operator Geopacific Resources.
15/11/2006 Peninsula Minerals provided September 2006 quarterly activities report, reporting that the drilling program at Raki Raki project was continued. Significant intersections include: 2.8m @ 14.43g/t Au; 1m @ 5.14g/t Au; 45.2m @ 1.02g/t Au. Geological mapping and geochemical sampling commenced at the Lupa Goldfield to defined target zones.
08/11/2006 Peninsula Minerals responded to an ASX share price query stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its securities. The company confirmed that it is in compliance with the ASX listing rules.
02/11/2006 Peninsula Minerals reported negative cash flow of $219,000 for Quarter ended 30 September 2006. Operating cash flow for the period was $(172,000). Payments for exploration and evaluation were $(52,000). Investing cash flow was $(47,000). Financing cash flow was $nil. Cash in hand at the end of the quarter was $2,099,000.
26/10/2006 Peninsula Minerals announce that formal notification has been received from the Department of Minerals and Energy (DME) of the Republic of South Africa, advising that four of the six Prospecting Rights applications held by Tasman Pacific Minerals have been granted. The granted Prospecting Rights enables the company to finalise the acquisition of Tasman and commence further review and interpretation of geological data to implement the exploration work programme and budget for the coming year.
04/10/2006 Peninsula Minerals announced that it has entered into a JV agreement with Zari Exploration, to explore for gold and other minerals on three prospecting licences controlled by Zari in the Lupa Goldfield of south west Tanzania. The agreement gives the company the right to earn a 75% interest in the project, subject to a 2% royalty, by free carrying Zari to the end of a bankable feasibility study.
15/09/2006 Peninsula Minerals announced that initial gold assay results received from parts of diamond drill holes DDHQ003 and DDHQ004 at the Rakiraki Project in Fiji include significant zones of gold mineralisation. DDHQ003 intersected 7m from 29m of 2.23g/t Au, including 1m of 5.14g/t Au from 29m within a zone of shearing and quartz-carbonate veining. DDHQ004 intersected 5m from 94m of 3.41g/t Au including 94.00-96.35m of 4.96g/t Au.
26/07/2006 Peninsula Minerals reported its quarterly activities with the following highlights: Geophysical Survey defined new gold targets at the RakiRaki Project. Drill testing on these targets commenced early July. The company awaited grant of prospecting right applications over six areas in the Karoo region of South Africa. PEN has involved in advanced discussions to farm into uranium exploration projects in a number of African countries.
24/07/2006 Peninsula Minerals provided June 2006 quarterly activities report, reporting geophysical survey has defined standout new gold targets at the RakiRaki Project with drill testing on these targets commenced early July. With regards to Uranium/Molybdenum Exploration Projects (RSA), the company is awaiting grant of prospecting right applications over six areas in the Karoo region of South Africa. The company added that it has been involved in advanced discussions to farm into uranium exploration projects in a number of African countries.
24/07/2006 Peninsula Minerals reported negative cash flow of $199,000 for Quarter ended 30 June 2006. Operating cash flow for the period was $(145,000). Payments for exploration and evaluation were $(113,000). Investing cash flow was $(54,000). Financing cash flow was nil. Cash in hand at the end of the month was $2,318,000.
16/06/2006 Peninsula Minerals advised that Geopacific Resources announced the definition of significant new anomalies defined by a recently completed Gradient Array Resistivity geophysical survey at the Qalau-4300 area of the Rakiraki Project in northern Viti Levu, Fiji. The company advised that these targets are similar to the style and setting of mineralisation at the Vatukoula Mine about 30km to the south west where Emperor Mines has a past recorded production together with stated resources of over 7.5m oz of gold. Exploration program will continue and drilling is planned to start later this month to test the largest of the resistivity highs. A 3D Offset Pole Dipole Resistivity survey is also being undertaken to give an indication of the depth continuity of the main anomalies.
08/05/2006 Peninsula Minerals reported its quarterly activities with the following highlights: Negotiations were finalised on a JV of the Tumby Bay talc project with Luzenac Australia. At the Uranium/Molybdenum Exploration Projects (RSA), the application process for the prospecting rights over the six areas in the Karoo region of South Africa was progressing with all required information lodged with the Department of Minerals and Energy in South Africa. In addition, the company was investigating prospects for uranium as well as base and precious metals in other African countries.
03/05/2006 Peninsula Minerals reported negative cash flow of $145,000 for the Quarter ended 31 March 2006. Operating cash flow for the period was $(94,000). Payments for exploration and evaluation were $(25,000). Investing cash flow was $(51,000). Financing cash flow was $nil. Cash in hand at the end of the month was $2,517,000.
07/04/2006 Peninsula Minerals announced that it had entered into an Option, Farm-in and JV agreement with Luzenac Australia Pty Ltd, a wholly owned subsidiary of Rio Tinto Ltd. The Luzenac Group is the world’s leading talc producer with mines and processing plants in Europe, USA, Canada, Mexico and the Asia-Pacific. Under the terms of the agreement, Luzenac Australia can earn up to 70% by spending a cumulative $1m within 48 months and up to 90% by spending an additional $500,000 within a further 24 months, in EL 3235 encompassing the Tumby Bay talc deposit in South Australia. Peninsula Minerals can elect to convert its equity to a 1.5% NSR.
16/03/2006 Peninsula Minerals responded to an ASX share price query stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its securities. The company adds that it is continuing its exploration activities at the Raki Raki Gold Project in Fiji and its tenement applications in South Africa and will advice the market when results are available. The company confirmed that it is in compliance with the ASX listing rules.
24/02/2006 Peninsula Minerals responded to an ASX share price query, stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its securities. The company confirmed its compliance with the ASX listing rules.
13/02/2006 Peninsula Minerals agreed to acquire a 74% interest in six exploration licence applications considered to be highly prospective for uranium and molybenum in the Karoo Region, South Africa. An independent report conducted, confirmed the attractiveness of the opportunity. At the RakiRaki Project in Fiji, the Inverse Polarization geophysical survey is in progress now, with a view to follow-up drilling of targets that are identified.
01/02/2006 Peninsula Minerals reported negative cash flow of $230,000 for Quarter ended 31 December 2005. Operating cash flow for the period was $(122,000). Payments for exploration and evaluation were $(33,000). Investing cash flow was $(108,000). Financing cash flow was nil. Cash in hand at the end of the month was $2,662,000.