Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,827
- Reactions
- 10,653
Only problem with following PEN on stock forums is that most of the forever holders are nuts.I don’t follow PEN. Maybe I should? ?
most of the forever holders are nuts.
Sound of drum roll trrrrrtnnn tump.Still hanging around 52 week low.
Could be a buy about now.
Notice the name on the collar @Garpal Gumnut ?
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Yes. The postponement is a delayed opportunity for PENSaw this risk warning in PEN's latest plans to restart uranium production (anticipated for late 2024).
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This warning applies to an increasing number of companies that are sitting on significant resources.
An announcement from the pound.This dog has been a bother to many chartists, fundamentalists and dog-lovers for many, many years.
They mine and spruik Uramium in a state next to in the top left hand corner of the USA. If this sounds vague it is meant to be as are announcements from the company and any meaningful profit and that contain words such as Lance, the company, in to the future, and the board.
A new generation of fools now jump upon this carcass which should ensure a good move up to 20c. which is a near 100% improvement and sufficient for a win in the competition nearing October.
gg
Peninsula Energy was preparing a $50 million cash call on Thursday morning.
3rd pick in the 2024 comp.
I preferred LAM in this spot but they didn't have the required liquidity.
So PEN it is.
They are raising $60m to bring the Lance projects into production, so it is now or never for PEN.
The raise was at a disappointingly low price given the outlook for Uranium and even had some options thrown in.
In a nutshell, I'm expecting/hoping the rising tide of Uranium prices lifts all boats, and that the Russian supply issues gives PEN's US operations an extra lift.
Not my most confident of picks, more a sector pick.
Thanks h, Rock and barney.I guess raising at .075 the drop was to be expected and could have been worse
Now they have the money lined up, its now or never ....
Management must have been under the pump to raise at 3 year lows and a bad VWAP though ... disappointing for SH's.
ps Lol at your scaredy-cat doggy @frugal.rock ..... Is his name Rocky btw?
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