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PEN - Peninsula Energy

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colossus said:
spud, i see that. some bloke is trying to go toe to toe with him too, and good on him.
Click to expand...

I see that - I thought that was you with the COL in your nic

Me I have given up on the PEN thread, just check it the odd day now. Great to see the usual locals in here, HS, Purd etc

Got heaps of work to do, over and out for now, Spud
 
Still at it H/S.

Your holdings now around your average buy price from memory.
 
tech/a said:
Still at it H/S.

Your holdings now around your average buy price from memory.
Click to expand...

You have no idea what my situation is tech. So try something different for a change and provide constructive forum input, befitting something resembling intelligent conversation, if at all possible.

If you can't, then fine I will happily not respond to you any further.
 
Strong reversal technically .

Quick buy for me today low risk in my view.



 
Tech, whats your target?

CanOz
 
tech/a said:
.03 Stop
Target initial--congestion
5.3/5.4c.
Click to expand...

Right O, fair enough...and how do you normally arrive at your target? Is that the next resistance level, where price bounced before?

Do you ever use measured move analysis?

CanOz
 
Would argue that it wont see 5c till at least after July. PENOAs keeping a lid on the stock
 
  • Succinct announcement squashing the bulldust rumours and recent scaremongering surrounding permitting and licencing.
  • Executive Chairman (again) buying at market.

What next????

I expect something along these lines....short term

  • PALA converting all PENOA?
  • PEN Board of Directors converting all PENOA?
  • PEN senior management converting all PENOA?
  • Other Top 20 holders converting PENOA?
  • Funding announcement?
  • Permit to Mine?
  • Jorc for Karoo?
  • Additional Jorc conversion for Lance?
  • Aquisition?



DANCE ME TO THE END OF LOVE....
http://m.youtube.com/watch?v=Ki9xcDs9jRk
 
Can anyone kindly explain the difference between PEN and PENOA?

What are options? Can you buy/sell them like shares?

Forgive my ignorance..
 
Chasero said:
Can anyone kindly explain the difference between PEN and PENOA?

What are options? Can you buy/sell them like shares?

Forgive my ignorance..
Click to expand...

Company issued options.
These expire soon I believe.
Yes you can trade them like a share.
They have a 5 c strike I think from what the others are saying.
 
tech/a said:
Company issued options.
These expire soon I believe.
Yes you can trade them like a share.
They have a 5 c strike I think from what the others are saying.
Click to expand...

Who has been saying a 5c strike?

Try PENOA 3c expiry June 30th 2012...
 
hangseng said:
Who has been saying a 5c strike?

Try PENOA 3c expiry June 30th 2012...
Click to expand...

HS

I think we all know who said PENOA strike price is 5 cents

Ok - let me understand the logic :

PENOA closed at .011 cents on Friday night closing

PEN closed at .037 cents on Friday night closing.

If I am a PENOA buyer then 3 cents strike price means I am acquiring PENOA at at least .041 cents for purchase price. So any one buying PENOA from market would be effectively looser. The situation is different for those who got free attached options and agreed. That will be many of current holders and the directors. All make sense to me.

Normally after so many options being converted in June, financial year ending, there will be many more PEN available than today.

Of course I read your golden statement : if any one has missed that. JORC is coming. That will probably make all equations in the bin and PEN will shot up to have last laugh from PENOA holders and buyers
 

Yes conversion of PENOA was easy for me, as was selling PENOC near the highs then buying more PENOA when they hit the lows post Fukashima. So I had many rateher cheap PENOA's taking into account the PENOA issues.

I agree, I wouldn't be buying PENOA now as the risk is just too high. Although there has been arbitrage (BOT) trading on PEN and PENOA for quite a few months. In 1000 lots selling PEN and buying PENOA simultaneously and at times the other way around. Worth 1-2 pips in favour to the trader but what the actual reasoning is behind this is anyone's guess.

It will be interesting to see what happens when PALA and the directors/management convert. I say when as IMO they will do so.
 
Totally agree HS, I have the envelope and enclosed cheque sitting in front of me at the moment. I will pop it in the post tomorow.
I don't think some realize the strength of the relationship between GS and PALA.

Gus and PALA are very good friends from what I can glean from my observations, but not just friendly "supportive". It would stagger me if PALA did not convert all OAs.

As an aside I would say PEN/Gus Simpson are very..very ..underestimated.

As Gus says .... Watch this space!
 

Yeh I do.
You made a big point of telling all and sundry your average buy price was 3.6c.
Guess what your at B/E after being 400% up.

Oh and please---dont respond.
 

We have certainly taken some flak over our decisions on PEN Purd but I am not fazed one bit by the detractors and one of the direct personal attacks just stepped over the line.

I would say the only regret I have is I could have bought more at market had I waited another 2 weeks. But still very comfortable with my decisions.
 
Folks, this thread is getting too personal. Stick to discussing the stock and avoid referring to each other. There's no need and it almost always results in conflict, which only serves to derail the thread.

The topic of this thread is PEN, so let's get back on topic please!
 
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