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PEN - Peninsula Energy

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here's a couple of links for you, to add some perspective:
http://xkcd.com/radiation/

http://www.epa.gov/radiation/understand/perspective.html

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flashman1207 said:
Another 'reputable' site eh Dengo with really credible experts?

http://atomicinsights.com/11317/

http://nuclearpoweryesplease.org/blog/2011/06/17/shame-on-you-janette-sherman-and-joseph-mangano/
Click to expand...

nice one flashman. poor dengo - stupid is as stupid does.
 

Oh please!! Alex Jones and infowars. hahaha LOL loss of credibility .... much???

 
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Seriously, I don't know why you entertain people like this. Theres one on the topstocks forum too (probably same person).... They will never tell you why they only ever post on the PEN forum.... I reckon they got burn't and just want other people to be also...... sad really

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I asked Dengo this back in June.... Never got a reply..... its their prerogative not to of course
 
dengo-can throw your chart out into the rubbish bin??heheheeh!!

Maybe this time PEN is slowly climbing up the coconut tree plucking the 2 coconuts?
 
The supply gap is coming and the share prices of major U producers have already shown it. Paladin,ERA up 50% since April/May other Canadian and American majors up 25% plus since then also. Their stock rises will preceed the spot price rises way before the inevitable supply gap grips the share markets. Keep watching and enjoy the ride if you're in.
 
For those of you with a counter cyclical approach to investing the following article may be of interest to PEN shareholders. From today's West Australian:


Uranium bull and Paladin Energy chief John Borshoff has delivered a warts and all breakdown of the uranium industry, saying it is a sector in crisis.

In a divisive speech to the Australian Uranium and Rare Earths conference in Fremantle yesterday, Mr Borshoff, who has 30 years experience in the industry, said uranium was facing multiple major problems that had no easy solutions.

Listing a number of "major problems" such as the lack of greenfields development, dwindling investment capital and the sickly uranium price, Mr Borshoff left a big chunk of the pro-uranium crowd in shock.

"You may think this is an overly dramatic statement to make," Mr Borshoff told the audience, which included Federal Resources Minister Gary Gray.

"(But) the uranium industry is definitely in crisis, I believe, and is showing all the symptoms of a mid-term paralysis if this situation does not demonstrably change.

"How can there not be a problem when you have an effective moratorium with nearly all major companies making no commitment to greenfields development until the price gets about $US70 (a pound), and it is believed it can stay above that level. And how can there not be a problem when you have a strong chance that some of the more expensive, smaller operations will be mothballed - putting more pressure on current production."

The uranium price last hit $US70/lb in March 2011. Yesterday it hit a new 4 1/2 -year low of $US38/lb.

Mr Borshoff said demand in the industry was essentially confirmed, however, there was no movement to fix the emerging supply shortage.

"But let's forget about demand and start focusing on the more serious issue," he said. "Supply, in terms of growth, is off the rails.

"Only at this price level ($US70/lb) - and above - can sufficient capital for new products be raised and returns on investment be justified to finally give some risk reward to the shareholder. And this appears to be a long way away."
Speaking after Mr Borshoff, Federal Resources Minister Gary Gray discussed China's appetite for electricity, and said the Government should not shy away from a discussion about developing a nuclear power industry in Australia.


Ciao Jules
 
Jewels said:
For those of you with a counter cyclical approach to investing the following article may be of interest to PEN shareholders.
Click to expand...

No amount of lipstick will make this pig of a sector attractive.

The spot price which years back dragged U stocks up with it has just smashed through long term support!

Yet delusional forum spruikers keep parroting the same "Supply Crunch" dross they thought took U to $140.

Hello, it's now $37.15

There was no crunch then and there is none now, only industry/newsletter/forum rampers sucking in 'long term investors'

Repeat after me.....PUMP AND DUMP....no cycles to counter here...no support until $20

 

dengo repeat after me-spot price is irrevalent!!Me dengo must see future price !!
repeat after me-uranium stocks are moving up even dengo`s see 37.15 spot price-why ??bcos me dengo is future blind!!
 
The low Spot price of U is a reality, but good luck if you are a Utility trying to buy any bulk longer term contracts at that price.

Earlier this month a report on Ur-Energy (TSX:URE,NYSEMKT:URG)

They entered into a uranium supply agreement with a U.S. nuclear operating company for deliveries ranging from 200,000 to 300,000 pounds of uranium concentrate per year for a multi-year contract slated to start in 2017.

The average delivery price is consistent with current published long term U3O8 prices indicators, which stands at $57 per pound. The latest contract makes six supply agreements with four different U.S. utilities at prices that are higher than the current spot price.

Fortunately Supply and Demand has a way of taking care of itself.
 

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You spin a rosy picture...

I don't.

PEN vs Ur-Energy comparison chart...

 
dengo said:
You spin a rosy picture...

I don't.
Click to expand...


No spin from me Deng. Looking at multi year charts is fine for visual relativity, but if you want to trade this thing, you have to get closer to the price action.

The current move up is getting back into a resistance area on increased volume. A bit of consolidation between 2.5 and 3 cents with some decent volume followed by a break above 3 would be good. A break back below 2.5 = not so attractive :taz:
 

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Thought you were implying URG were doing well with all those contracts @ higher prices barney
More advanced than PEN yet stuck in the doldrums

http://www.ur-energy.com/

If PEN can hold a break above 3.3c then on to 4.3c IMO

ht//www.aussiestockforums.com/forums/showthread.php?t=5004&page=2&p=780662#post780662

If it can snap the downtrend

 
dengo said:
Thought you were implying URG were doing well with all those contracts @ higher prices barney
More advanced than PEN yet stuck in the doldrums
Click to expand...

Nah M8, To be honest I hadn't even looked at the URG share price. I was just pointing out the long term contract pricing for U is likely to be substantially higher. In the final washup this may play into PEN's favour. They won't be producing for a while yet and in the meantime a lot of projects could get put into mothballs due to the low spot price, so potentially less Supply down the track, and by the time the price of U starts to recover PEN could be right in the thick of things. All speculation of course .... nothing is for certain with spec plays. Most U juniors will have a few hard yards to do in the short term. PEN is in a lot better position than a lot of others though.

Agree that consolidation above 3 ish would look good to 4 ish ...... whatever an ish is worth
 
http://www.bloomberg.com/news/2013-...rs-say-uranium-stock-rally-spurs-squeeze.html

USEC Doubles as Traders Say Uranium Stock Rally Spurs Squeeze
By Nikolaj Gammeltoft, Lu Wang & Alex Barinka - Jul 23, 2013 6:47 AM ET
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USEC Inc. (USU), a uranium supplier whose shares are five times more volatile than the Russell 2000 Index, doubled today amid speculation gains in nuclear stocks were prompting bearish traders to cover positions.
USEC jumped 98 percent to $11.98 at 4 p.m. in New York, earlier soaring as much as 161 percent. The increase was helped by a short squeeze and a victory by Prime Minister Shinzo Abe’s Liberal Democratic Party in Japan, according to Ian Winer, director of equity trading at Wedbush Securities Inc.
“The Japanese elections seem like what people are pointing to,” Winer said in an interview. Buying by bears who borrowed the stock and sold it plays in “a little bit for sure, but I think this is just a frenzy,” he said.
The stock, which has about 4.7 million shares available for trading after a 1-for-25 reverse split this month, has gained or lost an average of 5.4 percent a day this year, compared with moves of 0.7 percent for the Russell 2000, according to data compiled by Bloomberg. Japan’s Abe will likely seek to restart many of the country’s nuclear reactors that were shut after the 2011 earthquake and tsunami, said Yousef Abbasi, market strategist at JonesTrading Institutional Services LLC, a Westlake, California-based broker.
Paul Jacobson, spokesman for USEC, said the company would not comment on moves in the share price.
About 16 percent of USEC’s shares available for trading were borrowed and sold short as of July 18, according to Markit, a London-based research firm. That compares with bearish wagers of 5 percent on average among stocks in the Russell 2000.
Everyone Asking
“My view is that this is purely technical, no real fundamental basis for the stock move,” Andrew Ross, a partner at New York-based First New York Securities LLC, said in an interview. It’s a “short squeeze incited by their recent reverse stock split,” he said.
USEC’s float, or the number of shares available to the public, compares with 13 million for Uranium Resources Inc. (URRE) and Cameco Corp. (CCO)’s 395 million.
About 3.9 million shares of USEC changed hands today, or 83 percent of the company’s tradable shares, according to data compiled by Bloomberg. The stock reached a record low of $2.96 on July 8 and has since more than quadrupled.
Other uranium producers advanced. The Global X Uranium ETF (URA) jumped 5 percent, the most since December. Uranium Resources, Uranerz Energy Corp. (URZ) and Laramide Resources Ltd. (LAM) rallied at least 15 percent.
To contact the reporters on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net; Lu Wang in New York at lwang8@bloomberg.net; Alex Barinka in New York at abarinka2@bloomberg.net
To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net
 

Another big week for U...

Now $34.50

 
dengo, one day (hopefully soon) you'll get over you infatuation with the U spot price and realise that it isn't the be-all and end all.
would you like to offer an explanation on why most u stocks are looking up in the face of such a down-trending u spot price chart?
 
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