PEN - Peninsula Energy

[Miner]

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

Dear Chalea

I am aware of Olympic Dam's by product is uranium. I also know Olympic Dam and its other products since WMC era. I do realise OD expansion is not driven by uranium alone and copper is an important element to it. But as a by product uranium will be increased. It is all part of a complex economics and market prediction by BHPB Business Analysis group. We will never know it in market and can only speculate or predict it.

That does not change the perspective that BHPB has been buying uranium on spot price when their own uranium production fell.

My original point remains that uranium market is turning up . It is a slow recovery but coming back. If all signals are understood by common people then there is nothing left for smart business people like BHPB and others to make money. In short, small miners but with rich uranium resources like PEN time is coming return to good soon. How soon - for broader perspective I suggest in next 12 months.

All the best

 

[Chalea]

My original point remains that uranium market is turning up . It is a slow recovery but coming back. If all signals are understood by common people then there is nothing left for smart business people like BHPB and others to make money. In short, small miners but with rich uranium resources like PEN time is coming return to good soon. How soon - for broader perspective I suggest in next 12 months.

Dear Miner

After the $6-$140 pump & dump I don't see uranium doing much for a long, long time.

It's caught in a 3 year old rectangle. You say it'll rise. It could also fall or it could stay range-bound for ages.

Olympic Dam, Husab, Cigar Lake & Tumalappalli are set to swamp the world with an over-supply of uranium.

 

[Tysonboss1]

In short, small miners but with rich uranium resources like PEN time is coming return to good soon.

Only if they start selling ore before they run out of cash, What are your thoughts on the following questions,

1, When exactly is it expected that Pen will receive it's first payment from a customer for minerals they have extracted?

2, how many months until they run out of cash?

3, How much capital is likely to be raised to fund the difference in the above?

4, How much dilution will occur to the existing equity holders,?

5, After the dilution has happened, what will be the earning per share in say 5 years?

6, Is the earnings per share in five years after dilution going to be enough to make it worth while deploying capital now and waiting that long for results?

I myself believe that nuclear power generation will grow in the next 20 - 50 years, But I question whether a Uranium hopeful penny stock is the best exposure. I myself am happy with my small exposure to Uranium though my BHP holding, I much prefer a diversified producer than a company that owns nothing but some bore holes and a few pegs in the ground.

 

[Karlos68]

View attachment 44928
:bananasmi

While I maybe one of the few who can show some appreciation to your satirical approach to take the mickey out of PEN Chalea, I do note you make regular reference to the spike in SP of Uranium in 2007 of over $140 and lower high earlier this year of over $70......Hard case ayy buddy:alcohol:

Interesting viewing that the Weekly charts of the Share Price of PEN in 2007 reached a high of 10 cents and earlier this year a high of 15 cents:bananasmi

Can we conclude a lower high in the SP of Uranium will equate to a higher high in the SP of PEN in the future

 

[Chalea]

Interesting viewing that the Weekly charts of the Share Price of PEN in 2007 reached a high of 10 cents and earlier this year a high of 15 cents

Can we conclude a lower high in the SP of Uranium will equate to a higher high in the SP of PEN in the future

Please re-visit this chart Karlos to reacquaint yourself with the fact that PEN made a higher high not because Uranium made a lower high but because management dangled the DFS carrot...:nono:


Once Bitten Twice Shy Karlos...:bite:

 

[Purd2]

You suffer from compound ignorance Chalea, you don't know that you don't know. Educate yourself and read this:

Environmentalist supports nuclear power

By: PATRICK MOORE

Published: October 23, 2011


As a life-long environmentalist and ecologist interested in pursuing environmentally sustainable policies, I attended the Governor's Energy Conference in Richmond last week. My perspective on the subject is somewhat unusual. I was a founding member of Greenpeace and served for nine years as president of Greenpeace Canada and seven years as a director of Greenpeace International. My academic training is in forest biology, with a doctorate in ecology. Yes, I am a passionate environmentalist, but one who professes a balance of environmental, social and economic priorities.

Like some of my fellow environmentalists, I have concluded that nuclear energy is the only source of power capable of providing pollution-free electricity on a large enough scale to replace some of the nearly 70 percent of U.S. electricity generated by fossil fuels such as coal and natural gas. Wind and solar power have their place, but they are too intermittent, expensive and unpredictable to replace big baseload plants such as coal, nuclear and hydroelectric. And, hydroelectric resources, providing 8 percent of U.S. electricity, are built pretty much to capacity.

Nuclear energy does not produce any of the pollutants associated with coal and natural gas, and it is the most efficient form of energy available. A single 7-gram pellet of uranium fuel produces the same amount of energy as 17,000 cubic feet of natural gas or one ton of coal.

As a sensible environmentalist, I recognize that mining raw materials from the earth is an unavoidable necessity in a modern society. Every building, car, cell phone, computer, wind turbine and solar panel requires the mining of iron, copper, aluminum, titanium and rare earths. Nuclear energy is no exception and requires the mining of uranium to produce nuclear fuel.

As a result of the most stringent environmental and safety controls of any industry in the United States, today's uranium mines are safer and more environmentally sound than any other type of mining. I have visited uranium mines in the United States, Canada, Australia and Eastern Europe. I have witnessed firsthand the robust, multi-layered systems used at these operations to protect water, air, soil, plants and wildlife from contamination and other potential adverse impacts.

Uranium mine and mill facilities use heavily engineered barriers and water management systems to prevent the release of materials outside of those facilities. Waste materials, known as tailings, are no longer stored in above-ground dams that allow floods, heavy winds or rains to wash material into streams and rivers. Instead, tailings are encased in heavily lined, below-grade containment cells that prevent any contact with groundwater or any release due to flooding or other severe weather events.

At these facilities, I have observed the frequent, ongoing testing of air, water and soil quality that is conducted to detect the slightest elevations in contaminant levels on the sites and in surrounding areas. In no instances have I ever seen or learned of any activities that endangered workers or community residents.

I have also reviewed ecological and epidemiological studies measuring the long-term health and environmental impacts of uranium mining and other nuclear operations. Several studies examining public health records for thousands of uranium workers and populations living near uranium mines in three states found no differences in cancer rates between those subjects and populations living in non-mining areas. A groundbreaking public health study by Columbia University compiled health records from 54,000 nuclear plant workers and found that these workers had fewer cancers, less disease and lived longer than the general population.

I look forward to the release of the National Academy of Sciences study on uranium mining in Virginia in December of this year. I am confident it will confirm what I have discovered and will identify the best practices and safeguards necessary to ensure that uranium mining is conducted in a way that protects human health and the environment. I hope the study contributes to the formulation of a sensible policy for uranium mining in Virginia that allows the commonwealth to harness the enormous benefits of clean, emissions-free energy contained in Southside Virginia's uranium resources.

An advisor to government and industry, Patrick Moore is a co-founder and former leader of Greenpeace, and chair and chief scientist at Greenspirit Strategies Ltd. in Vancouver, Canada. He has a recent book, "Confessions of a Greenpeace Dropout: the Making of a Sensible Environmentalist."

 

[namrog]

Nuclear energy , powers ahead..

Where's the slowdown......?


http://www.bloomberg.com/news/2011-...ost-lucrative-on-nuclear-demand-real-m-a.html

 

[Karlos68]

Please re-visit this chart Karlos to reacquaint yourself with the fact that PEN made a higher high not because Uranium made a lower high but because management dangled the DFS carrot...:nono:

Poor observation I feel Chalea:silly:. Your comment is obviously a dillusional view to think management are baiting the investors/traders to create a parabolic rise in the share price of PEN earlier in the year.

I personally have no concern in the delay of the DFS. I note yourself being a non-holder of PEN regularly comment on the astonishment to yourself of this monumental concern this should be to shareholders:screwy:.

PS Personal advice from your good buddy Karlos, lay of the spliffs:kiffer:, tends to create radical visions that you may feel much more knowledgeable on a subject that the majority

 

[Chalea]

"confirmed breakout"...of the bearish rising wedge

Measured target = 3.4c

View attachment 44927

Another bearish pattern break out in addition to today's news means another bearish MACD cross is imminent...



:iagree:

 

[namrog]

Another bearish pattern break out in addition to today's news means another bearish MACD cross is imminent...

:iagree:

So, are you interested in buying at 3.4 cents ....?

 

[Chalea]

So, are you interested in buying at 3.4 cents ....?

No thank you...

The monthly chart shows PEN has JUST broken it's long term up trend line.

If/when previous 3.6c support fails the weekly chart's rectangle target =

3.6 - (4.9 - 3.6) = 2.3c

That's almost a 50% drop from here...

 

[notting]

When BHP and other big miners plan to ramp up production in something it's done after massive amounts of number crunching an investigation into when demand will start to really ramp up.
http://mobile.bloomberg.com/news/2011-10-25/uranium-deals-prove-most-lucrative-on-nuclear-demand-real-m-a?category=%2Fnews%2Faustralia-newzealand%2F
It seems that day is nearly upon us!

 

[Chalea]

Peninsula Energy Limited (PEN) is an emerging ASX listed uranium producer with assets in Wyoming, USA and Karoo, South Africa

...The ANC’s Youth League and the Congress of South African Trade Unions, the country’s largest labor grouping and a party ally, say that the ANC will adopt nationalisation as a policy at its national conference next year, and is only looking into the details of how best to do it...

The ANC Youth League’s campaign to wrest mine ownership from what it calls a white capitalist elite has caused “an uneasiness from investors, particularly from outside South Africa”...

Link

"Mining giant Rio Tinto has weighed into Africa's nationalism debate, with chief executive Tom Albanese saying royalty regimes are better for host countries than direct equity ownership in projects.

Mr Albanese's comments come as South Africa is contemplating a policy allowing the state to take 60 per cent in all mining companies operating there."

Link

:horse:

 

[Chalea]

 

[Chalea]

"Fukushima radioactive caesium leaks ‘equal 168 Hiroshimas’
...This means that “radioactive events” usually do not initially kill people. But some of those particles do indeed land in the wrong place at the wrong time, and subsequently can cause cancer or birth defects in human beings.

the characteristics of caesium makes it not overly bad as far as radioactive sources go,
1 , firstly there was hardly any released.

"The Fukushima nuclear disaster released twice as much radioactive caesium into the atmosphere as Japanese authorities estimated, reaching 40% of the total from Chernobyl, according to a preliminary report."

3 , any amount that is some how ingested will not accumulate in any one area of the body and it will be readily passed within hours.

"The study did not consider health implications but caesium-137 is dangerous because it can last for decades in the environment, releasing cancer-causing radiation."

Link



:bad:

 

[Chalea]

"confirmed breakout"...of the bearish rising wedge

Measured target = 3.4c

View attachment 44927

Historical study of PEN's SP reaction to Slow Stochastic overbought status -



:microwave

 

[Chalea]

Another bearish pattern break out in addition to today's news means another bearish MACD cross is imminent...
View attachment 44984

Bearish MACD cross confirmed...



Short term target?

Either 4.8+(4.8-4.3)=5.3c or 4.3-(4.8-4.3)=3.8c

"Shortly" LOL!

 

[Chalea]

Bearish MACD cross confirmed...Short term target?

4.3-(4.8-4.3)=3.8c

View attachment 45038

Another box ticked...:bananasmi

SP looks to have broken out from a short term bearish pennant.
Hugging the lower Bollinger Band.

Measured move target = low 3s

 

[notting]

Pen up 20% Thanks for all your efforts Chalea you've made me rich

 

[Tysonboss1]

1, "The Fukushima nuclear disaster released twice as much radioactive caesium into the atmosphere as Japanese authorities estimated, reaching 40% of the total from Chernobyl, according to a preliminary report."



2, "The study did not consider health implications but caesium-137 is dangerous because it can last for decades in the environment, releasing cancer-causing radiation."


:bad:

1, So it is 60% less than chernobyl, and chernobyl effects next to nothing, Seems ok to me. As the snow melts it will work it's way out to sea and be diluted to back ground levels.

2, It can last for decades, but it is water soluable and will be readily diluted, the average house brick will be more radioactive than any measureable quantity of the ceaesium you may be able to find in a year or two,

Again let me say that the air pollution in japan is a far greater worry as far as cancer goes,

Why is it that you are freaked out by the word "Radiation", Radiation is every where,