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PEN - Peninsula Energy

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Re: PEN - Peninsula Minerals

Whats your take on Far East Capital saying they dont see the Uranium price increasing in the next 3 years and indeed they have a $50/lb projection in the 3-5 year longer term. From everything I am reading we are heading for an undersupply which should force the price up.
 
Re: PEN - Peninsula Minerals

Up 0.5 cents, 20% at moment buyers heavily outweighing sellers 21million to 12 million. Looks like the F.E.C report is sinking in. Hopefully this 2nd wave up after the initial burst last 2 weeks will provide a more solid platform to move forward SP wise.
 
Re: PEN - Peninsula Minerals


Strong close at 3.6 Mick.

It seems PEN has gone completely under the radar here. The volumes going through literally speak volumes. PEN is getting stronger by the day.
 
Re: PEN - Peninsula Minerals


You also have that correct in my opinion. The next uranium surge is about to occur. Look at both AGS and ARU today. The sector has regained attention, uranium and rare earths are going to run and it is being directed at the U/REE small caps. PEN is so undervalued it is amasing and someone seems to know it.

Love it or hate it, uranium is the next energy source and supply is already beginning to be a problem. I am not punting on this, I am investing on it.
 
Re: PEN - Peninsula Minerals

Hi Hangsang

I just want to mention that PEN always made the investor feel disappointed. So I am well prepared.

Regards
 
Re: PEN - Peninsula Minerals


So did anyone take notice?

PEN has broken out from the long term downtrend following high volume buying in the last 2 weeks. Resistance at 3.6 was blasted away on a gap up and lows were re-tested at 3.

Today what I have waited for for so long, confirmation of the South African uranium potential.

PEN is so well placed now with Wyoming Lance project looking like early producing and now the South African leases to be expanded.

Oh by the way announcement just out.
 
Re: PEN - Peninsula Minerals

Great day for PEN but still along way till Im even, but things are looking better.
Lance project and Karoo are great projects lets see the u308 price head north!
 
Re: PEN - Peninsula Minerals


yes hang, nice breakout but uranium still a wet blanket - everyone feels U should move up but it just doesn't
short report entitled "and you thought the price of uranium couldn't go lower"

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=C163F75A-1871-E587-E12C5B9CCDB6F06E
 
Re: PEN - Peninsula Minerals


Uranium blanket is drying rapidly. Even the link you provided indicates higher U prices at around US$90/lb

"21 April, 2008 Analyst : Warwick Grigor (Far East Capital)
Nuclear Power Sentiment and Uranium Stock Markets Diverge

Fear and Panic in Equity Markets Have Created a Fantastic Buying Opportunity
Short Term Markets Out of Alignment With Long Term Outlook: Sentiment in uranium stocks, and the spot market for uranium, is out of alignment with the long-term outlook for nuclear power. Every week we are seeing strong statements of commitment to expanded nuclear power from all around the world. The case for investment in the sector is becoming increasingly more compelling. How long can we compress the sentiment spring before it
bounces back?"
 
Re: PEN - Peninsula Minerals

Have heard a few good things about PEN. Havent had much time to resource so i wont comment on the company itself but i do tend to agree with you about the drying up or uranium and the increase in prices although i do have the mindset that nearly everything will be heading up for the next 5-10 years.

I was interested that you placed ARU as a Uranium play. will have to talk to about that in ARU thread though.

will hopefully get to make a comment on PEN soon. Any helpfully information about the company would be great.
 
Re: PEN - Peninsula Minerals

Announcement out, New York presentation.

PEN is on a roadshow it seems and the accumulation of PEN continues in volumes. Very pleased to have this firmly held in my portfolio , it seems someone else wants a lot of it in theirs.

Surely a substantial holder notice should be coming out. The traded volumes over the last few weeks has been outstanding.

Worth watching in my opinion, something seems to be brewing.
 
Re: PEN - Peninsula Minerals

Liked their presentation just released and do think there is some serious upside to PEN.
Near term looks like its back on the radar but still need u308 to regain some of its price that has been hammered.
 
Re: PEN - Peninsula Minerals

Lucky_Country said:
Liked their presentation just released and do think there is some serious upside to PEN.
Near term looks like its back on the radar but still need u308 to regain some of its price that has been hammered.
Click to expand...

And that may be happening as we post.

With Uranium One cutting output due to mine problems, India in a panic over lack of supply, the USA China and South Africa all expanding nuclear power stations and the Cameco' flooded mine possibly never re-opening, all is pointing toward a major worldwide shortage of uranium. What happens when demand exceeds supply?

As Warwick Grigor of Far East Capital stated, the uranium price has actually been quite stable and steadily increased over the years. The only spike was in 2007. Will that happen again?

One thing is absolutely certain the reactors must have uranium and can't simply be shut down. Uranium demand is going to be immense and sustainable.

Hanseng has spoken
(sorry just very confident of where this is heading)
 
Re: PEN - Peninsula Minerals

Hi There
Whats everyones thoughts now? Looks to be stalling at the 4.5 level?




wait and see i guess!!
 
Re: PEN - Peninsula Minerals

hangseng said:
Let's see what occurs out of the NY Hard Assets Conference May 12-13 brings. http://www.iiconf.com/pebble.asp?relid=62254

We should also here soon as to when the Jorc confirmation drilling is to commence on Lance Wyoming that was delayed from May.
Click to expand...

Bit late to edit but here's the PEN presentation.
NEW YORK HARD ASSETS INVESTMENT CONFERENCE PRESENTATION
http://www.aspecthuntley.com.au/doc...uY2UueWFob28uY29tL2FjYS9kZWxheWVkP3M9UEVOLkFY
 
Re: PEN - Peninsula Minerals

PEN is just getting better by the day and flying very low under the radar.

This won't last.

Announcement out, I will just highlight this abit just in case it isn't quite jelling what is going on in Wyoming

My apologies for being so BOLD, however this company has me now quite excited. The potential gains here are significant and PEN just gets more attractive with every announcement. This one in particular I have been waiting for some time. It supports the FEC view that PEN is a potential early producer and the managements view that this is a "Brownfields" operational site and not a "Greenfields" new location.

22 May 2008

PENINSULA ACQUIRES ADDITIONAL GROUND AT THE LANCE PROJECT, WYOMING USA CONTAINING KEY HISTORIC URANIUM MINERALISATION
Highlights
• The Mineral Rights acquisition programme secures additional ground containing key historic uranium mineralisation at the Lance Project in
Wyoming, USA
• Total land holding now 12,905 acres
• The newly acquired ground contains the site of the NuBeth ISR Pilot Plant
which operated successfully in 1978 and 1979
• The newly acquired ground also hosts 737 historic drill holes, 329 of which were mineralised and intersected multiple vertically stacked roll fronts
• Best historic mineralisation in the newly acquired areas is SP-5V which intersected 2.7m (9ft) @ 0.248% eU3O8 with mineralised holes averaging
3.7m (12ft) @ 0.06% eU3O8
• Historic reports and testing shows that these mineralised sand units are of ideal thickness for and highly amenable to extraction using ISL methods
 

Attachments

  • Announcement 23_5_08.pdf
    410.2 KB · Views: 19
Re: PEN - Peninsula Minerals

This announcement doesnt seem to be having much effect on the share price.....................................
 
Re: PEN - Peninsula Minerals

martha said:
This announcement doesnt seem to be having much effect on the share price.....................................
Click to expand...

Quite simply because they don't understand the significance of it and of the Lance Project. I find this mind boggling to be quite frank, that it continues to fly under the market radar.

It seems until the final drill results confirm Jorc then it will just hover around 3.6-4c or even drift a little lower.

As someone said some time ago, the market is always right. Even if it is wrong, it is still right.
 
Re: PEN - Peninsula Minerals

" The Ross prospect is the most densely historically drilled prospect at the
Lance Project and mineralisation defined by historic drilling gives a projected
exploration target size at the Ross prospect alone of 6–8m lb U3O8 at target grades of
0.05-0.06% U3O81............. Over the other 12 prospects plus adjacent areas, the exploration target size potential
is 33-53m lb at an expected grade of 0.05-0.08% U3O81. This significant potential is
largely a result of the vertical stacking of the roll fronts which multiplies the chances
of mineralisation per km of strike length. The drill density between the prospects is very
low, and many of the holes that were drilled did not go deep enough to test the
deeper roll front positions."

Potentially 60 million lbs and they haven't drilled deep enough with the historic data to test the deeper roll fronts.
This just has enormous potential written all over it. Just keep reading and re-reading this Lance announcement. It gets better and better every time you read it. I am extremely excited about PEN's prospects here. :jump:
 
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