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PEN - Peninsula Energy

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Re: PEN - Peninsula Minerals

:behead: Securities quoted Ex entitlement 7 June :behead:

Pure CoCo the above is the line from youe extract that says it all. once it goes "EX" the purchaser is not entitled it is a bit ambigious I know what they have done is used the 7th as a cut off day and allowed 7 days to get the chess transferals.... remember that in those 7 days are 2 days of a weekend as well as a public holiday leaving the 4 days.

If you dont believe me check with your broker all this false info has done is ramped up the price of holders on the 7th who will get the offer to unload at an inflated price as with most rights issues the SP drops after the date

SEMPER UBI SUB UBI
 
Re: PEN - Peninsula Minerals



I don't believe I ramped anything.

I was quoting from the actual letter I had in my hand I received dated the 6th June 07. My shares were purchased MONTHS before. I have been watching of late the price.

I also find this a realitively cheap stock price for their land holdings etc. BUT those are my thoughts. All stocks have their cycle - I am a long term holder - I accept the prices going up and down.

If you thought it was imperative to warn all of your thoughts why didn't you do it eariler but come in after close on the 14th June? Do you have the actual letter?
 
Re: PEN - Peninsula Minerals

I know its early in the day but "damn" the bullishness looks like it has diminished already. it always seem to happen with this share. large rise followed by a correction wiping out the days move before.
 
Re: PEN - Peninsula Minerals

Tye said:
I know its early in the day but "damn" the bullishness looks like it has diminished already. it always seem to happen with this share. large rise followed by a correction wiping out the days move before.
Click to expand...

Yeh poor market sentiment towards the whole uranium sector.

My last holding in this sector was BLR -- i saw the same thing, which is why i sold out at .24 (my stop was hit). Whenever it wen up, it would get dumped. And sell side always stacked.

Same thing with PEN and even WMT.

Former champion stocks. Now the tide has turned and no1 wants them.
 
Re: PEN - Peninsula Minerals

Nathan_b said:
Hey everyone...
looks like this lil feller is going for a runner again. everyone must be getting in to try and get their free options and cheap new issues....
Click to expand...


PureCoCo my post was in regard to nathan's post above which was posted just prior to my first post on the matter I didnt want ppl to think that they could still buy them on 14th and get the issue/option. Thats why I didnt post it earlier as I didnt think there was a need to.

Then after my post you responded and it looked like you were backing up nathan.

And yes I do have the letter as I am a holder and yes it is confusing and some ppl in this thread possiblely needed clarification as I also when first reading it assumed I could buy more up till the 14th. It wasnt until you read the timeline below that you pick the fault in the first para.

SEMPER UBI SUB UBI
 
Re: PEN - Peninsula Minerals

Do you think that it is all over for the small uranium companies like this one.
9/10 uranium companies are falling like a rock now. Is there just to many of them now? Has PEN got anything left or was it just one of those frenzy buying we saw with all the small uranium companies. I am interested in how you guys view this share in particular.
 
Re: PEN - Peninsula Minerals

Think the price got overinflated with the spp issues up for grabs just taking a breather once all the spp issues are dealt with we may see some news on there plans for there leases
 
Re: PEN - Peninsula Minerals

By the way PEN is going it's going to be 0.00 by the end of the year. I have to say there is no point in buying a piece of crap mining share, they just dont do anything apart from fall. And yes I know it up from its very low but some people bought them at a higher price including me. There are just way too many shares.
 
Re: PEN - Peninsula Minerals

Tye, sorry if you have explained your analysis before, but you can't just bag a stock here without giving some justification. Is it purely on the sp? If so, the stock has trippled in 9 months!! Please try to provide more detail in your negative comments in the future. Cheers! kennas

(not holding)
 
Re: PEN - Peninsula Minerals

Hahaha tye, yeh I feel ya mate, feels like it will be like NWT soon.
.0005

It does feel as if share is getting diuted with new share issue and falling SP.
 
Re: PEN - Peninsula Minerals

hi,
I have a question about the recent options.

If the exercise price of a PENO share is 0.10 then why are they currently trading around the 0.035 price? So, that's a 0.04 difference to PEN, but the exercise cost of a PENO is 0.10, which doesn't seem worth it?

I would have thought that the PEN options would currently be close 0.00 whilst the exercise cost is larger than simply purchasing PEN? ...or, there may be some positive moves coming up that will make the PEN - PENO difference more than the exercise price? ....still learning about how options work!

Cheers!
 
Re: PEN - Peninsula Minerals

What diid i say about PEN going nothing but down.
Screw this Trading game you may aswell enjoy you money while you have it!
I dont give a rats. You dont agree then tell me.....how much have you made this year. Because even all the profetional fund managers are in the red this year. You may aswell through your money down the drain or give it to me!
 
Re: PEN - Peninsula Minerals


It Just depends on how well you mange your investing Tye.
My portfolio is down along with everybody else but it you have been "trading" then you should have been in and out taking profits and should still be nicely in front despite this drop.
Trading is not a game and should never be treated as one, you need to treat it like a real business and take profits where you can and not have all your capital exposed to the market. then drops like this will wipe out the value of your share you currently hold and if you have watched your trading you will still be in front with your cash component.
 
Re: PEN - Peninsula Minerals

strong buy volume, since two days ago.
today high at 6.4c
rebound from the low 3.6c.
looks good on the chart wise.
any idea of trend reversal ?
 
Re: PEN - Peninsula Minerals

High grade gold initial results and drilling program commenced in Tanzania.

This could be just what the Dr ordered for PEN and trading has just begun to pick up in volume and sp.

Enough for me to place some capital back into the market.
 
Re: PEN - Peninsula Minerals

hangseng said:
High grade gold initial results and drilling program commenced in Tanzania.

This could be just what the Dr ordered for PEN and trading has just begun to pick up in volume and sp.

Enough for me to place some capital back into the market.
Click to expand...

And so glad I did. PEN is gaining much deserved attention after trading in a tight band. Watch this stock closely over coming weeks, excellent volume throughput today.
 
Re: PEN - Peninsula Minerals

hangseng said:
And so glad I did. PEN is gaining much deserved attention after trading in a tight band. Watch this stock closely over coming weeks, excellent volume throughput today.
Click to expand...

Extremely tight Bollinger bands are about to let fly here. About time too been holding half for 12 months now and topped up in the high 4cents last month. Have been very patient with this one looks like that patience is about to be rewarded.
 
Re: PEN - Peninsula Minerals

mickqld said:
Extremely tight Bollinger bands are about to let fly here. About time too been holding half for 12 months now and topped up in the high 4cents last month. Have been very patient with this one looks like that patience is about to be rewarded.
Click to expand...

I think so Mick, PEN is now getting very close to a potential breakout. Not yet but the trading pattern is indicating it is near.

I think announcements may be coming re the recently aquired US leases. This could be what is occurring.

Good luck, I have a few of these tucked away.
 
Re: PEN - Peninsula Minerals

strong movement lately due to uranium spot price.
looking good at the chart as well.
last weekl most buyers at 5.5c - 5.7c.
need to clean out 5.9c-6c resistance before break out.
good luck to all holders.
 
Re: PEN - Peninsula Minerals

powerkoala said:
strong movement lately due to uranium spot price.
looking good at the chart as well.
last weekl most buyers at 5.5c - 5.7c.
need to clean out 5.9c-6c resistance before break out.
good luck to all holders.
Click to expand...

Slowly all coming together and hasn't patience been required. PEN just has so much positive to report in coming months and all will finally be revealed.

This is a stock I simply had to have.
 
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