PEN - Peninsula Energy

[mmmmining]

Re: PEN - Peninsula Minerals

Let's me guess, the share placement price will be 6.8c per share, and 1 attached free option for every 3 shares with exercise price at 8c;

or

1 for 3 right issue exercise price at 5c


Just guess for fun, no insider info or fact.

I guess they need $10m+

 

[rockingham178]

Re: PEN - Peninsula Minerals

Let's me guess, the share placement price will be 6.8c per share, and 1 attached free option for every 3 shares with exercise price at 8c;

or

1 for 3 right issue exercise price at 5c


Just guess for fun, no insider info or fact.

I guess they need $10m+

Rights issue???

I like that idea...I will top up nicely with that concept.

 

[rockingham178]

Re: PEN - Peninsula Minerals

MMMMining

This is very close to where Sundance is according to all of the US Wyoming websites I have looked at. I have placed BLR location (as per BLR reports) as well for some perspective. Have to love Google Earth...if you haven't yet got it then get it.
cheers
rock

 

[Ang]

Re: PEN - Peninsula Minerals

They have a JV with SMM?

sorry wrong stock, I was actually taking about NRL.
regards
ang

 

[powerkoala]

Re: PEN - Peninsula Minerals

looking at the chart, looks like pen got support at 7.5c
will this be the turning point ?

 

[sampson]

Re: PEN - Peninsula Minerals

Nice finish to the day!
Up 10% after looking like it was doing nothing.
Anyone know if something is brewing with this stock, I mean short term?

 

[Ang]

Re: PEN - Peninsula Minerals

Nice finish to the day!
Up 10% after looking like it was doing nothing.
Anyone know if something is brewing with this stock, I mean short term?

The buying was in the afternoon session, could be somthing happening in the United States.
ang

 

[Ang]

Re: PEN - Peninsula Minerals

what is it with this stock looked good on Friday and today went cack to 7.6 cents. the Day traders must be having fun buying at 7.6 and selling at 8 cents.
Kind regards
Ang

 

[hangseng]

Re: PEN - Peninsula Minerals

what is it with this stock looked good on Friday and today went cack to 7.6 cents. the Day traders must be having fun buying at 7.6 and selling at 8 cents.
Kind regards
Ang

Ang I think you have it right. PEN has been heavily knocked about by daytraders for some time.

Time will tell what is occurring however PEN has so much excellent uranium ground in Sth Africa and Wyoming in the USA, PEN will move rapidly when all the announcements have come out displaying what they actually have.

Alos even PEN management will tell you they haven't been actively promoting PEN with brokers yet either. A little promotion will have a positive effect.

 

[Rob_ee]

Re: PEN - Peninsula Minerals

Rights issue???

I like that idea...I will top up nicely with that concept.

Rock ... have you been "topping-up" here lately ??

There seems to be accumulation with this one over the past few days.
Only slight dip was yesterday when a small parcel was dropped in the 4pm auction.
Otherwise anything at 8c is being absorbed in large lots.

May be good news around the corner ?

Good luck

Rob

 

[Ang]

Re: PEN - Peninsula Minerals

Rock ... have you been "topping-up" here lately ??

There seems to be accumulation with this one over the past few days.
Only slight dip was yesterday when a small parcel was dropped in the 4pm auction.
Otherwise anything at 8c is being absorbed in large lots.

May be good news around the corner ?

Good luck

Rob

could be 8 cent placement with some options for exsisting shareholders
kind regards
ang

 

[Rob_ee]

Re: PEN - Peninsula Minerals

Well either the DT are setting this up again or some news will be released shortly

Sell side consistantly taken out in 500k lots ??

Rob

 

[Atomic5]

Re: PEN - Peninsula Minerals

Does anyone have any idea as to what is happening with PEN all of a sudden?

And to think I pulled my BUY at .076

Are these guys gonna get a speeding ticket?

 

[Rob_ee]

Re: PEN - Peninsula Minerals

Either instos or some obscenely wealthy day traders are having a go.

2 min before close a 3mil+ buy order took out a few lines and massive line ups to buy in pre auction.

So my guess is we will all know what the fuss is about when the annoncement is released to the rest of us

This actually came up as a buy on MS 3 days ago on successive higher lows and a few other things I have written in the formula.

NO I didn't buy

Rob

 

[mmmmining]

Re: PEN - Peninsula Minerals

I am almost certain that a placement is imminent, maybe a SPP too.

 

[Ang]

Re: PEN - Peninsula Minerals

I am almost certain that a placement is imminent, maybe a SPP too.

The type of buying today is no placemnt announcement. I would say a farm out arrangement in order not to dilute the current shareholding with an announcement of how big their discuvory would be. Let's not speculate ramp up or down, unless we have got the some true hard facts or leeked roumor.
Kind reg
Ang

 

[Rob_ee]

Re: PEN - Peninsula Minerals

The type of buying today is no placemnt announcement. I would say a farm out arrangement in order not to dilute the current shareholding with an announcement of how big their discuvory would be. Let's not speculate ramp up or down, unless we have got the some true hard facts or leeked roumor.
Kind reg
Ang

When something goes up 20% in one day AND there is nothing released all one can do is speculate.
Have been watching this very closely since it came up as a buy 3 days ago in my MS exploration and to me This seems to have been accumulated strongly during that time with the breakaway today.

Can you elaborate a bit more Ang re the farm out thingy as its all new to an amateur beginer like me

Rob

 

[mmmmining]

Re: PEN - Peninsula Minerals

I have a very good record on spotting share placement. I stick my neck out this time. Again, please be nice.

It is very hard to say it is good thing or bad thing to have a placement. Read my post on uranium producers hopeful, actually, for uranium stock, the placement is very positive to SP. It happened to ACB, UKL, UEQ,UXA....even ENR today.

 

[Ang]

Re: PEN - Peninsula Minerals

When something goes up 20% in one day AND there is nothing released all one can do is speculate.
Have been watching this very closely since it came up as a buy 3 days ago in my MS exploration and to me This seems to have been accumulated strongly during that time with the breakaway today.

Can you elaborate a bit more Ang re the farm out thingy as its all new to an amateur beginer like me

Rob

Farm out is when another company comes in and sort of does a joint venture, by providing the capital and the profit sharing. This means no actual dilution of the share and the current shareholders benefit by still sharing in the profit if uranium is found but will spend far less in exploration and the risk is spread between the parties. Could be 50%-50% or other % shareing.
regards
ang

 

[Jus]

Re: PEN - Peninsula Minerals

I have a very good record on spotting share placement. I stick my neck out this time. Again, please be nice.

It is very hard to say it is good thing or bad thing to have a placement. Read my post on uranium producers hopeful, actually, for uranium stock, the placement is very positive to SP. It happened to ACB, UKL, UEQ,UXA....even ENR today.

Mate, I think you might be right. They are running out of cash and with so many exploration plans in hand they need to do it to inject the cash needed. Day traders don't like share placement but med/long term investors don't mind it as its a way to increase market capitalisation.