PEN - Peninsula Energy

[Tysonboss1]

Tidal wave of radiation??? your dramatizing.

Never let the facts get in the way of a good yarn do you?

 

[Chalea]

Tidal wave of radiation??? your dramatizing.
Never let the facts get in the way of a good yarn do you?

I didn't write it...click on the link provided

 

[Tysonboss1]

That article is written by an idiot with no experience.

 

[Karlos68]

Tidal wave of radiation??? your dramatizing.

Never let the facts get in the way of a good yarn do you?

Hahahahaha,,,,,,,yes my friend.....a good yarn it is.

THE MYTH--FUKUSHIMA, was done and dusted on the Share Price charts a week and a half after the event.......
If anyone says "Ummmm, I just dont get it Karlos.....Uuuummmmm....how can it be?"

Look at the charts....place a thumb over the preceeding week of Fukushima on Price and Volume........afterwards the downtrend continues and know one would even know otherwise. Fukushima is solely market noise for the media.
Check my A,B,C trendlines I mentioned a little while ago. On Bigcharts.com it shows a potential low of around mid 4 cents.
IMO-- Fuku has only had an impact resulting in a temporary excess supply.

 

[Karlos68]

At least we can live in our homes...

"Over 100,000 Fukushima Prefecture residents can't return to hometowns"

Link

With all due respect my friend Chalea......My master of charts instructs myself to ignore market noise.......The Charts Speak Louder Than Words:southpark

 

[Chalea]

The Charts Speak Louder Than Words

I agree, did you see this?

 

[kythan06]

http://www.brr.com.au/event/86669/gus-simpson-executive-chairman

Wonder what Gus has too say this morning.

Should be interesting.

 

[Ubershrewd]

Spot price looking strong. Break out imo, currently 53.76

 

[Chalea]

:error::error::error::error::error::error:

Spot price looking strong. Break out imo, currently 53.76

Hate to burst your bubble....

 

[Chalea]

Wonder what Gus has too say this morning.

Did he say that if 4.6c support fails on the bearish continuation rectangle then your short term target is -

4.6 - (5.0 - 4.6) = 4.2c


corn:

 

[Chalea]

I have just viewed "AussieBulls.Com"
They have a "Buy Confirmed" recommendation on PEN.
PS Very commendable to yourself Chalea on replies to everyone on this forum and your commitment to regular updates on the status of PEN.

Seen this Karlos?

 

[tothemax6]

A black opening marubozu?
<sigh>.

 

[Chalea]

THE MYTH--FUKUSHIMA, was done and dusted on the Share Price charts a week and a half after the event.......

IMO-- Fuku has only had an impact resulting in a temporary excess supply.

Hello Karlos

Did you see this article from PEN's US state Wyoming?

"...The post-Fukushima spot price of yellowcake has slightly recovered, but Pool said the accident is hitting forecasts hard as some countries are choosing to move away from nuclear energy.

“We’re going to lose potentially 35 million pounds a year, almost 20 percent of our current requirements,” he said. “This really dampens down the outlook for future growth of the uranium industry ”” it set us back four or five years.”

...Those advocates will push a move away from nuclear energy and work to slow down the permitting process for new projects."...

Link

Question - As the DFS release now depends on favorable market conditions, will we have to wait another "four or five years" for it's release?...:crap:

 

[Chalea]

Did he say that if 4.6c support fails on the bearish continuation rectangle then your short term target is -

4.6 - (5.0 - 4.6) = 4.2c

View attachment 44566
corn:

Target hit, gap still not filled...


corn:

 

[Karlos68]

Hello Karlos

Did you see this article from PEN's US state Wyoming?

"...The post-Fukushima spot price of yellowcake has slightly recovered, but Pool said the accident is hitting forecasts hard as some countries are choosing to move away from nuclear energy.

“We’re going to lose potentially 35 million pounds a year, almost 20 percent of our current requirements,” he said. “This really dampens down the outlook for future growth of the uranium industry ”” it set us back four or five years.”

...Those advocates will push a move away from nuclear energy and work to slow down the permitting process for new projects."...

Link

Question - As the DFS release now depends on favorable market conditions, will we have to wait another "four or five years" for it's release?...:crap:

You honestly dont expect me to take this 'market noise' article seriously Chalea?
Take a look at the title of the article......"Fukushima nuclear disaster COULD hinder Wyoming projects".

Even reading it......"COULD spell trouble"......"COULD mean a slowdown"

May strike fear into the small town folk of Wyoming but not this Kiwi from NZ.

Is it Jeremy Fugglesberg who is riding the bucking bronco horse at the top of the article. Maybe after hes finished wooing the hot crountry lasses of America, fire him an email to inform him that his comment "some countries are choosing to move away from nuclear" is actually minor to most countries forging ahead with their development in Nuclear Energy.

PS Some friendly advice Chalea, try avoiding these hick town scaremongering articles written by some hillbilly

 

[Chalea]

Is it Jeremy Fugglesberg who is riding the bucking bronco horse at the top of the article. Maybe after hes finished wooing the hot crountry lasses of America, fire him an email to inform him that his comment "some countries are choosing to move away from nuclear" is actually minor to most countries forging ahead with their development in Nuclear Energy.

PS Some friendly advice Chalea, try avoiding these hick town scaremongering articles written by some hillbilly

Au contraire Karlos!

Tom Pool is no hick hillbilly, rather, he is "chairman of Colorado-based International Nuclear Inc. He spoke at the U2011 Uranium Symposium and Trade Show in Casper on Monday."

"He says as a result there could be a slowdown in the global growth of the nuclear power industry. That could mean lower demand for yellowcake mined in Wyoming.

The Casper Star-Tribune reports that Pool says the future growth of the uranium industry could be set back four or five years."

Link

P.S. Is this the 'trend line' you keep referring to?
Your "On Bigcharts.com it shows a potential low of around mid 4 cents" call didn't work out...did you mean 4.0c?

 

[Ubershrewd]

Chalea, from the annual report, the top 20 holders have collectively increased their holdings in this company, by several million. Some may have decreased their holdings.

These groups/individuals have a much greater interest in the stock than you and i, and i daresay they are also more aware of the risks and the potential (or not) of PEN. Do you think they are making the wrong decision by continuing to accumulate in these conditions?

Not to bait, I'm genuinely interested to hear your opinion on what those top shareholders may be considering, because it would seem many of them are not expecting the extremely bearish outlook you hold.

you seem to hit the targets you set for the SP in the short term. I'll give you credit for that. Still don't agree with the LT though.

 

[Chalea]

Chalea, from the annual report, the top 20 holders have collectively increased their holdings in this company, by several million. Some may have decreased their holdings.

These groups/individuals have a much greater interest in the stock than you and i, and i daresay they are also more aware of the risks and the potential (or not) of PEN. Do you think they are making the wrong decision by continuing to accumulate in these conditions?

Not to bait, I'm genuinely interested to hear your opinion on what those top shareholders may be considering, because it would seem many of them are not expecting the extremely bearish outlook you hold.

Ubershrewd

They may be reading other forums/broker reports with 80-100c valuations...:nono::nono::nono:

You talk about top shareholders. What's the latest from the heavily spruiked NuCore & the fabled 11.5c/share buy-in? Link
Plenty of other uranium PRODUCERS have been ravaged by Fukushima & must be tempting...
PEN has extended their DFS indefinitely. Will they stay?
How will the market react if they don't?

you seem to hit the targets you set for the SP in the short term. I'll give you credit for that. Still don't agree with the LT though.

Yes, and the sun 'seems' to rise every day in the east...:

Would you agree that historically, when PEN breaks an uptrend it falls back to where the trend started from?
Click on the chart...


:iagree:

 

[Chalea]

The Casper Star-Tribune reports that Pool says the future growth of the uranium industry could be set back four or five years."

More sentiment sapping bad news...:crap:

Typhoon targets Fukushima nuclear plant
September 21, 2011, 9:23 AM

A typhoon has struck Japan and is moving northeastward across the Tokyo region towards the crippled nuclear plant in earthquake and tsunami ravaged Fukushima prefecture.

The BBC reports more than a million people were told to leave their homes as Typhoon Roke approached landfall.

“…pools of radioactive water remain at the Fukushima nuclear site, and there is concern that a heavy downpour could cause them to overflow into the sea or groundwater,” the BBC reported.


Link

 

[Chalea]

Measured relative to what?
Mind you 3.5 is certainly possible--- even lower

Measured relative to what?
Relative to the distance between current support & resistance
Target if 6.0 support fails = 6.0 - (8.5 - 6.0) = 3.5c (approximately)

Well that's the 4.0c gap filled & close enough to "3.5c (approximately)" hit...:thankyou:

Not surprised really after this week's BRR...:shake:

Capitulation?.. :nono:..."True capitulation involves extremely high volume and sharp declines." Link

Volume today... 11,799,469 / 2,114,880,000

Those hoping for a RSI quadruple bullish divergence will be saddened to hear that the RSI has broken support...:crap:


corn: