PEN - Peninsula Energy

[Ubershrewd]

http://mg.co.za/article/2011-10-07-r1trillion-nuclear-tender-bidding-war


"The energy department submitted its nuclear tender proposal to the Cabinet last month, and Energy Minister Dipuo Peters has been quoted as saying it will finalise the proposal before the end of this year. Bidding will begin next year.

Dwarfing the arms deal, which is worth a mere R70-billion, the contract could account for as much as 20% of the world's total nuclear spending over the next two decades.


Five companies -- from France, China, South Korea, Russia and a joint United States-Japanese consortium -- are in the running.

All the bidders are desperate for a slice of the action and so are the construction companies, tenderpreneurs, lobbyists, agents and the middlemen who invariably orbit around a deal of such magnitude. "

Sounds good.

 

[Chalea]

The weekly chart shows a bearish continuation rectangle pattern.
Using the previously successful measuring method, (click here), the same "2.0c approximate target" is shown...
View attachment 44834

"confirmed breakout"

...of the bearish rising wedge

Measured target = 3.4c

 

[theartglasshouse]

How long should we wait for chalea???

I need to top up and at that price it is drool worthy, although your lower price posted many 228 posts ago in this thread has left me stumped

Can you do me another chart???

 

[tothemax6]

Lol, still waiting for that 2.0c .
There are two dimensions on a chart, and two in a prediction you know - price and time. When will it be at 2.0c? 1 day, 1 month, 1 year?

 

[theartglasshouse]

It better be in a week or 6 weeks after that...I just saw a Flavio Poli piece listed in auction that will wipe me out till the 15th of November...:

 

[Chalea]

Lol, still waiting for that 2.0c .
There are two dimensions on a chart, and two in a prediction you know - price and time. When will it be at 2.0c? 1 day, 1 month, 1 year?

When will uranium stop falling? Where is the DFS? NuCore placement? Karoo updates?


:bananasmi

 

[Chalea]

When will uranium stop falling?

How long until Fukushima is forgotten?

"It's more than seven months since the nuclear meltdowns at Fukushima and thousands of evacuees are coming to the realisation that they'll never be able to go home.

There are many radioactive hot-spots around the nuclear plant - some with radiation levels comparable with the zone around Chernobyl...

...(sound of Geiger counter screeching)

"The radiation level here is so high that some of the Geiger counters can't measure it""

Link

:bananasmi

 

[namrog]

How long until Fukushima is forgotten?

"It's more than seven months since the nuclear meltdowns at Fukushima and thousands of evacuees are coming to the realisation that they'll never be able to go home.

There are many radioactive hot-spots around the nuclear plant - some with radiation levels comparable with the zone around Chernobyl...

...(sound of Geiger counter screeching)

"The radiation level here is so high that some of the Geiger counters can't measure it""

Link

:bananasmi

Yes, but Chernobyl didn't stop nuclear power and I'm guessing neither will Fukushima.

It'll be back to the drawing board sort of stuff , Plants will be designed with more safety controlls , even earth quake proofed if thats possible, but demand for cheap power is not going to dissapear, so what are the alternatives...?

There are a lot of unloved uranium miners trading at, or close to the bottom of their ranges right now, I'm not saying they're a good trade today, but for some, who don't mind taking a few years view with funds to spare, could pay off well when the time comes to act..

Personally, if the situation arose and it felt right I wouldn't mind dipping a toe into PEN around 3 ....just my oppinion though..

 

[Chalea]

Yes, but Chernobyl didn't stop nuclear power and I'm guessing neither will Fukushima.

Back in 06/07 when uranium was being pumped on the forums you would frequently read words to the effect of, 'hope there's not another Three Mile Island/Chernobyl', well they got it!
Nuclear power may not stop for now but uranium's sentiment has been smashed.

It'll be back to the drawing board sort of stuff , Plants will be designed with more safety controlls , even earth quake proofed if thats possible, but demand for cheap power is not going to dissapear, so what are the alternatives...?

Nuclear plants are prohibitively expensive. Yanks are patching up their 40 year old reactors & are hoping for the best...

There are a lot of unloved uranium miners trading at, or close to the bottom of their ranges right now, I'm not saying they're a good trade today, but for some, who don't mind taking a few years view with funds to spare, could pay off well when the time comes to act..

ERA, PDN...who else? PEN can't produce a DFS let alone uranium. Not to worry, the believers insist it'll hit $1 in five years, though not on this forum...

 

[Chalea]

Lol, still waiting for that 2.0c .
There are two dimensions on a chart, and two in a prediction you know - price and time. When will it be at 2.0c? 1 day, 1 month, 1 year?

Many months if not years, as mentioned here...

PEN has just broken it's LONG TERM uptrend line.

Check the MACD line's rate of descent since the recent bearish cross-over.

Negative momentum is still increasing, (MACD Histogram).

The next bearish signal will be a center-line cross-over which will no doubt coincide with the next move down...

Check the chart. The blue line is PEN now & the same stage historically.

It takes at least a year to bottom from this point using history and basic TA as a guide...

I'm sure NuCore are aware of this...



:bananasmi

 

[Chalea]

When will uranium stop falling?

Uranium chart update...

The daily chart sees a bearish MACD cross-over & the RSI falling back below 50 on increasing volume...:crap:


> Mov Avg 3 lines Indicator:...The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices...

> Mov Avg-Exponential Indicator:...Price is below the moving average so the trend is down.

Additional Analysis: CAUTION: The market trend has changed direction. Now the market trend is DOWN!

> Volume Indicator:...The short term market trend, based on a 5 bar moving average, is DOWN. Volume is trending higher, allowing for a pick up in volatility.

> ADX Indicator: ...a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

> DMI Indicator:...DMI signals a bearish trade when the DMI+crosses below the DMI-, as it has here.

> MACD Indicator: MACD has issued a bearish signal. A bearish signal is generated when the FastMA crosses below the SlowMA, as it has here.

> Momentum Indicator:...The short term trend, based on a 9 bar moving average, is DOWN. Momentum is in bearish territory.

> Rate of change Indicator:...The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is in bearish territory.

Link


corn:

 

[Chalea]

Yes, but Tysonboss, you are forgetting that nuclear is intrinsically evil. It creates mutants, godzillas...

I beg to differ...

"Godzilla-like creature ”natural phenomenon”, says TEPCO chairman

Fukushima, Japan, April 22, 2011 – The large, Godzilla-like aquatic creature that has appeared off the coast of Fukushima, Japan, was described by Tokyo Electric Power Co. chairman Tsunehisa Katsumata as a ”purely natural phenomenon” entirely unconnected to the ongoing crisis at the Fukushima Daiichi nuclear power plant. His assessment was subsequently confirmed by Japanese governmental authorities."

Link

 

[tech/a]

When will uranium stop falling?

About now.

Everything in this indicator is pointing to lower prices...

Are derived from these lower prices.

Now we have restored some sanity Ill click the ignore button again as I cant stand the rants.

 

[Chalea]

About now.

So your advice is to buy on the sell signal?

 

[Miner]

PEN along with all uranium shares is taking its pain and the Board is too scared to publish the Feasibility Study. Agreed.

My query if uranium has now totally a untouchable commodity why BHPB has decided to invest so massively in Olympic Dam ? The real reasons we will probably never know unless there is some one from BHPB discloses it. But the fact (before Japan Accident) was BHPB was buying uranium at spot price to meet their uranium commitment. Probably some thing reverse is happening in uranium market .

If that is so, then the turning point is coming back for PEN and others. Good luck to holders and thanks to Chartists.

 

[Ubershrewd]

The DFS is late, but other aspects of permitting are flying ahead. This little stock isn't a speccy for nothing, risk and return Chalea. You have chosen to not buy the stock and inform us of the downside to buying it, thanks for your efforts.

Can I ask, if the DFS miraculously appears in the coming weeks, and contains very good news, will you take the point of view of shareholders and support the stock's upside? Or are you too morally bound against nuclear. Or do you think nuclear is doomed either way.:star:

 

[tothemax6]

I beg to differ...

"Godzilla-like creature ”natural phenomenon”, says TEPCO chairman

Fukushima, Japan, April 22, 2011 – The large, Godzilla-like aquatic creature that has appeared off the coast of Fukushima, Japan, was described by Tokyo Electric Power Co. chairman Tsunehisa Katsumata as a ”purely natural phenomenon” entirely unconnected to the ongoing crisis at the Fukushima Daiichi nuclear power plant. His assessment was subsequently confirmed by Japanese governmental authorities."

Sounds very 'Onion'-esque

 

[namrog]

Chalea, Is there a price at which you would be interested in buying PEN..?

You also failed to point out that your chart in post 2090, shows that since november 03, we have had a series of higher highs and higher lows , and I could be wrong but I'd be surprised if that trend didn't continue ,going by clues in the tails of the recent candles...I guess we will know in a few months / years .....!

 

[Chalea]

...the Board is too scared to publish the Feasibility Study. Agreed.

My query if uranium has now totally a untouchable commodity why BHPB has decided to invest so massively in Olympic Dam ? The real reasons we will probably never know unless there is some one from BHPB discloses it.

Uranium is merely a by-product @ Olympic Dam...

"Olympic Dam is primarily a copper mine that produces 200,000 tonnes of the metal annually while by-products include up to 4000 tonnes of uranium per year as well as gold and silver. The figures make Olympic Dam the third biggest producer of uranium, with about 8% of the world's supply."

Link

"Tom Price, UBS global commodity analyst, said the biggest impact from BHP's expansion would be on the uranium market, with the miner's output of the product expected to account for about 10 per cent of forecast global supply in about 2020.

"That is so big you will start seeing prices in the uranium market fall before it even comes into the market because everyone will be taking positions on it," he said."

Link

 

[Chalea]

You also failed to point out that your chart in post 2090, shows that since november 03, we have had a series of higher highs and higher lows , and I could be wrong but I'd be surprised if that trend didn't continue...!

Agree 100%!!!

The last three troughs were $0.007, $0.009 and $0.013

Hardly a trend to be proud of...

$0.019 - $0.020 wouldn't be out of place in such company!

A share consolidation is surely imminent!

:iagree: