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PEN - Peninsula Energy

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colossus said:
that's not an answer to my question. the current answer, to my knowledge, is ZERO but thanks for the sensationalised news article from what looks to be one of your typical greenie, anti U news sites.
Click to expand...

Arnold "Arnie" Gundersen is a nuclear power expert, nuclear power whistleblower and a former nuclear industry executive and engineer with over 30 years of experience.

In an interview with Al Jazeera, Gundersen referred to Fukushima as "the biggest industrial catastrophe in the history of mankind".

http://en.wikipedia.org/wiki/Arnold_Gundersen

 
it may well be, then again, it may not.
it's not going to stop nuclear power, no matter how many anti-U posts you post so you'd better deal with that for your own sanity.
 
Simple sensationalistic BS dengo; surprised you even pay any heed to this.

300,000 people die every year in China alone from deaths directly attributable to coal power generation.
I suppose that's ok isn't it.........we've been anaesthetised over time by familiarity to coal, despite the fact it's a killer of people in their hundreds of thousands annually, is pumping CO2 into the atmosphere at rates that will certainly spell the end of our planet if we burn it all....I could go on.

Go back into your hole where you can view the world through whatever keyhole entertains you at that moment.
 
Zubana said:
300,000 people die every year in China alone from deaths directly attributable to coal power generation.
Click to expand...

A drop in the ocean once they get their nuke fleet up and running...

Chinese nuclear officials have admitted that an accident one year ago at the country's first home-grown nuclear power plant has left it crippled for more than 12 months.

http://news.bbc.co.uk/2/hi/asia-pacific/386285.stm

Chinese nuclear disaster “highly probable” by 2030

http://www.chinadialogue.net/articl...nese-nuclear-disaster-highly-probable-by-2-3-

Not long until China has it's own 'China Syndrome'

 
dengo, you'd be better off finding a decent hobby, U bashing doesn't seem to be working for you as no one is paying attention other than a couple of bored people who are enjoying playing with you on a identity-less forum.

maybe you should form your own picket line outside of {insert nuclear explorer/miner/enricher/power plant name here}

it's quite amazing that you seem to believe a lot of rot that is put out by the tree-huggers, takes one to know one i guess.
 
Not really understanding why Dengo chooses the PEN thread to peddle his/her anti Uranium drivel. Wouldn't it be better placed on the PDN or ERA threads seeing as how they are major Uranium producers where as PEN is merely a minow explorer. Unless he/she has a personal vendetta against the company in which case I'm sure the site moderators would take a dim view to these baseless posts that aren't at all related to discussing the actual stock and the company itself.
 
it's a strange one mick, perhaps it's because PEN could be the next cab off the rank when they make the transition to producer.
surely their time would be better spent elsewhere other than a forum where most are here to discuss PEN not talk anti-U propaganda, the effort is futile for the limited result.
 

You'll never get an answer from Him/Her. I asked back in June and then again since then and never got a response. Its amazing that the mods don't stop this kind of constant baiting..... move it to a Uranium thread or shut up !!!
 
All discussion of uranium, the uranium price or the uranium market should be taken to one of the following threads, depending on what is being discussed:

Uranium price update thread
Uranium Sector
Uranium in Australia
Uranium resurgence
Uranium unsafe

There are a number of other uranium related threads. Feel free to use one of those if you think it is more appropriate.

Dengo is clearly trolling this thread and has been instructed to cease doing so. This thread is for the discussion of PEN. Any discussion of the uranium price or uranium as a commodity in this thread must be directly related to PEN, otherwise it should be taken to another, more relevant thread.

Linking to third rate conspiracy theory websites in an attempt to support an argument will be considered as a deliberate attempt to mislead others, and treated the same as ramping/down ramping.

I will also take this opportunity to remind everyone that personal attacks and insults are strictly forbidden. Posts containing personal attacks and insults will be removed and infractions issued.
 
Excellent work Joe Blow.
Now back to the stock. The Final SEIS and SML are still on target for 4th Nov and 4th Dec respectively, does anyone think these targets will be met?
There's loose talk on another forum that there's a chance there could be a delay to the SEIS, I'm of the opinion the targets will be met.
With less than 3 or 4 months to go respectively for each milesonte, does anyone have any share price predictions? Surely, the lead-up will be a good chance to push the share price up?
 
From PEN's Company presentation Diggers and Drillers conference.
Under the Project Funding outline

".On debt closure rights issue for $20-$30m to existing shareholders."

Does this mean a capital raising on the cards with more share dilution. What does On debt closure mean? They already have 3 billion shares on issue more dilution for long term holders isn't exactly exciting especially at the current low share price.
 

Mick,
My understanding is PEN will be offering a right issue only AFTER the debt funding arrangements have been secured via the Resource Banks and other avenues open to them ...

There would be dilution as you mention, but the Project will also have more security after major funding is approved, so a bit each way I suppose.
 
todays announcement:

DIRECTORS AND SENIOR EXECUTIVES ADOPT SALARY SACRIFICE

Under the terms of the SSP a proportion of Directors fees and senior executive remuneration will
be paid as equity; PEN ordinary fully paid shares (Shares). The effective commencement date
of the SSP is 1 July 2013 and continues until 30 June 2014 or until project financing has been
secured.
Executive Chairman Mr John (Gus) Simpson and Technical Director Mr Alfred Gillman have
respectively agreed to accept 40% and 25% of their remuneration as Shares.

etc.


Isnt this ridiculous because it means they will be picking up shares on the cheap until the time when they have a development that will make the share price take off?

But sure... on the surface its positive...
 
Finally we are getting towards the end of the long wait for production. Todays ann. has not only announced a great reduction in CAPEX costs for the Lance project but also given dates for the final SEIS (31 Jan 2014) and the SML (3 March 2014). Finance should be decided before end of year as they announced they will receive several submissions for finance by October 2013. Great to see the savings they are making with their Well field optimisation by not having to drill as many production well holes and only having to have 2 prodution plants not 3 until 2020 to get the same volume of production.
http://www.asx.com.au/asxpdf/20130909/pdf/42j7lh9lfgjq40.pdf
 

So 2014 still production target and finance proposals are in the multiple.
All on track just need the U308 price to rally !!!!!
 
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