Australian (ASX) Stock Market Forum

PEN - Peninsula Energy

Re: PEN - Peninsula Minerals

yeah what exactly does that mean no trades seem to be going through now.

This may have just turned into a medium term investment for me :mad:
 
Re: PEN - Peninsula Minerals

It's open again, basically means the company has made new shares available for another investor at a very cheap price... 4.8c
 
Re: PEN - Peninsula Minerals

well i guess that has its good and bad points.

the bad thing is it will decrease SP right?

the good thing is it looks like a better company with institutional investors getting on board

thoughts?
 
Re: PEN - Peninsula Minerals

im gonna paper trade this, ok im pretending to buy at 6,2c just as i type

edit: quick get the rubber and change that to 6c,
 
Re: PEN - Peninsula Minerals

yeah i watched my 15% gain go down the dunnie. i'm not phased though, there are heaps of buyers and less sellers.

I'm making a prediction (with no real basis) that this stock will go up both today and continue upward trend
 
Re: PEN - Peninsula Minerals

interestingly the sellers appeared at .046 which is what the placement was at, if the sellers have evaporated the stock should continue to climb. Hopefully the insto's clients that got shares are in for the long term because they see some potential in the stock.

FYI: I am not a daytrader, I have been sitting on this stock for months, bought in at .031
 
Re: PEN - Peninsula Minerals

seems to be alot of hesitation around .06 . I'm thinkin alot of daytraders got the hebie jebies after what just happened

Just kidding guys, i like day traders . I just dont have the balls to be one atm :p:
 
Re: PEN - Peninsula Minerals

next couple of days will be interesting, may have to put off that new BMW for now ;)

need a positive announcement soon
 
Re: PEN - Peninsula Minerals

its unusual there is heaps of buyers and few sellers, look like the flood waters are building behind the dam.

Just wanna see what happens when somebody makes the first move :eek:
 
Re: PEN - Peninsula Minerals

toc_bat said:
im gonna paper trade this, ok im pretending to buy at 6,2c just as i type

edit: quick get the rubber and change that to 6c,

toc bat,

I wish I had a dollar for everytime you've cracked me up.........keep up the good work. ;)

MB
 
Re: PEN - Peninsula Minerals

I have heard though my networking we will see good things from PEN. Management is very good and well credentialed. My broker thinks this will reach 7.5c in the short term.
 
Re: PEN - Peninsula Minerals

Georgeb said:
Management is very good and well credentialed.

Ah yes, i agree, after all only very good management would do a placement at a 27% discount to the market price. :banghead:

Come on people, if you want to ramp thats okay, but at least make them high quality ramps, like chickens... :2twocents
 
Re: PEN - Peninsula Minerals

If you are not impressed with management either get out of the stock or write to them and express your dissatisfaction.
 
Re: PEN - Peninsula Minerals

It is good to see some people have gone back into their box today. There is no comment on the credentials of management or the placement.
 
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