PEN - Peninsula Energy

[tech/a]

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

Pfft.
A drop in the ocean.
Anything over 5c would get me excited.

Mind you buying around 4c looks good as well.----if you have to trade it!

 

[notting]

Pfft.
A drop in the ocean.
Anything over 5c would get me excited.

Mind you buying around 4c looks good as well.----if you have to trade it!

Sold at 20% thought 5c may be a struggle. Though selling my weekness!

 

[Karlos68]

Uranium chart update...

Buddy.......mate.......new best friend....Your dedication and commitment to enlightening the good folk on this forum appears to be weakening.:sleeping:



Does this mean........ the uptrend upon usartyman:

 

[Chalea]

Buddy.......mate.......new best friend....Your dedication and commitment to enlightening the good folk on this forum appears to be weakening.:sleeping:
Does this mean........ the uptrend upon usartyman:

Karlos, mate, please go back through the thread & tally the number of times I've mentioned two cents.

Bearish rectangle measured move target = 2.6c

 

[notting]

Back in at 3.6 :bonk:

 

[Chasero]

Back in at 3.6 :bonk:

good luck!

Any reason why you are going long at 3.6?

 

[notting]

No. I'm just being silly. It's a small trade. Gambling basically.
It's so beaten down it's more than likely to bounce again and I will get out.

 

[Chalea]

No. I'm just being silly. It's a small trade. Gambling basically.
It's so beaten down it's more than likely to bounce again and I will get out.

Short term hourly chart rectangle pattern

Bull target = 3.9 + 0.3 = 4.2c :headshake

Bear target = 3.6 - 0.3 = 3.3c

 

[theartglasshouse]

Got some at $0.036 as well. If it goes lower I will add some more. Might see a good rebound into the 4's. I think the 3's and 4's range is here to stay for a while.

 

[Chalea]

Does this mean........ the uptrend upon usartyman:

PEN and Uranium...

 

[Chalea]

"...Assuming presidential polls also reflect parliamentary preferences, Deutsche suggests the nuclear industry should be rather concerned about a policy agreement between the Socialist Party and the French version of the Greens. The agreement, which is yet to be formerly signed, is to undertake to close 24 of France's 58 nuclear reactors by 2025. Two would be closed immediately and a moratorium would be placed on any new construction outside of the one plant currently being built.

In the scheme of things, suggests Deutsche, such a move would be a lot more significant than Germany's decision to wind down nuclear power made earlier this year after the Fukushima disaster. It would likely also prompt a nuclear rethink across all of the European Union, with Belgium an obvious first candidate for change...

...Deutsche will watch political developments closely given the potentially "profound" implications for uranium prices"

Link

:iagree:

 

[Miner]

With labour announcement, I am sure lady luck for PEN and other uranium holders will returnn on Monday onwards.

Following ban withdrawnn at party level now Ms Gillard will try to move to Parliament .

http://www.samachar.com/India-welcomes-Australian-Labor-Party-move-on-uranium-sale-lmewKnbbacd.html


Politically it will be however very different. China Government will thwart such move as India not a favoured nation to China no matter what level of business both are undertaking.

Any move to see Indian economy goes beyond Chinese interest will be road blocked .

So I suspect, China will send (or probably sending) a strong veiled threat to Aussie Government not to permit uranium to India. The volume of our dependancy is too high to ignore Chinese instructions.

Am I calling long shots ? May be. But with left faction in labor against this withdrawal of ban probably power hungry Rudd and his Chinese connection will work deep inside to see Julia fails.

http://www.abc.net.au/news/2011-12-04/labor-left-to-fight-uranium-exports/3711938?WT.svl=news0


It is time and see.

 

[Miner]

With labour announcement, I am sure lady luck for PEN and other uranium holders will returnn on Monday onwards.

Following ban withdrawnn at party level now Ms Gillard will try to move to Parliament .

http://www.samachar.com/India-welcomes-Australian-Labor-Party-move-on-uranium-sale-lmewKnbbacd.html


Politically it will be however very different. China Government will thwart such move as India not a favoured nation to China no matter what level of business both are undertaking.

Any move to see Indian economy goes beyond Chinese interest will be road blocked .

So I suspect, China will send (or probably sending) a strong veiled threat to Aussie Government not to permit uranium to India. The volume of our dependancy is too high to ignore Chinese instructions.

Am I calling long shots ? May be. But with left faction in labor against this withdrawal of ban probably power hungry Rudd and his Chinese connection will work deep inside to see Julia fails.http://www.abc.net.au/news/2011-12-04/labor-left-to-fight-uranium-exports/3711938?WT.svl=news0

It is time and see.

http://au.news.yahoo.com/a/-/newshome/12240375/labor-party-review-criticises-rudd-govt/

Thankfully it appears Rudd politics is not liked by large section of Labour Front. So what I said as a long shot may not be there.

So for uranium aspirants the picture is still more hopeful.

Regarding PEN specific - the volume was very large probably for day traders activity . It opened with .037, rose to .039 and dived back to .039 compared to yesterday's closing of .036.

I am sure PEN board is watching and probably they can make catalytic bull effect adn take opportunity to revive losses of PEN by releasing the over pending report today.

But it is all my wishful thinking and more astonishing the PEN thread is deserted since Dec 1, very unusual .

DYOR

 

[Chalea]

So for uranium aspirants the picture is still more hopeful...But it is all my wishful thinking...

"Uranium bombs despite India move

You couldn't even call it a boomlet. It was more like a ripple on a lake, and lasted about as long.

Julia Gillard's volte-face on selling uranium to India caused a mild stir among the uranium stocks, but the sector is still doing a passable imitation of Death Valley. A few stocks bounced but the present price levels are woeful."

Link


"The fallout from the nuclear accident at Fukushima is casting a pall over the share price of uranium miners."

 

[Chalea]

...the sector is still doing a passable imitation of Death Valley.

"Spot uranium prices continue slide, trade at about $52 a pound U308...

...Over the next three months, it would not be surprising if the spot price dropped to $50/lb or lower in order to stimulate more demand, UxC said in its Monday report."

Link

"Contract Specifications:UX,NYMEX

ADX Indicator: Look for the current downtrending market to continue.

MACD Indicator: Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory.

Stochastic - Slow Indicator: The long term trend is DOWN. The short term trend is DOWN. Don't be fooled looking for a bottom here because of this indicator. The stochastic indicator is only good at picking bottoms in a Bull Market (in which we are not)."

Link



:xmaswave

 

[Chalea]

I am sure PEN board is watching and probably they can make catalytic bull effect adn take opportunity to revive losses of PEN by releasing the over pending report today.

No news today

Report was due in "January 2011" a year ago, was "imminent" after that, "within 10-15 days" last July, "shortly" in October and now "4 months at the soonest" at the AGM...

The most recent news was the results of the AGM...:bowdown:

Standout was the "Issue of Performance Rights" to management...:screwy:

:bananasmi

 

[Chalea]

...revive losses of PEN....

Dear Miner

PEN is still in the throes of a long term crash...

Long term uptrend has been trashed and now the Monthly MACD looks set to fall below zero...

This crash will take many many months to wash off, (once it finally stops falling), before any fantasy about a meaningful SP rise can be entertained!!!
:iagree:


:xmaswave

 

[Chalea]

"...the sector is still doing a passable imitation of Death Valley. A few stocks bounced but the present price levels are woeful."

Link

"The fallout from the nuclear accident at Fukushima is casting a pall over the share price of uranium miners."

"After Fukushima: Enough Is Enough

...the stark reality that the risks of nuclear power far outweigh any benefits should have become clear to the world.

...That research estimated that by now close to 1 million people have died of causes linked to the Chernobyl disaster.

...Fukushima may well be on par with or even far exceed Chernobyl in terms of the effects on public health, as new information becomes available. The crisis is ongoing; the plant remains unstable and radiation emissions continue into the air and water."

Link

:xmaswave

 

[indeck]

sick of seeing your rhetoric, ignored

 

[Chalea]

sick of seeing your rhetoric, ignored

No rhetoric here, just blinding fact, (like my 3.5c call back in July...)

Link

corn: