PEN - Peninsula Energy

[Labtech]

Mr Jeff - I hope you aren't mocking the C64. - it's not as if it was a Vic 20.

Looks like the buyers and sellers have evened out at the moment.

Question:
Can serious 'short-term' damage done to the share price have a longer term effect on PENs operations? I am not referring here to a change in the longer term market for Uranium etc, more if the current price action will change PEN's ability to implement whatever they had planned on doing before it.

 

[skc]

Mr Jeff - I hope you aren't mocking the C64. - it's not as if it was a Vic 20.

Looks like the buyers and sellers have evened out at the moment.

Question:
Can serious 'short-term' damage done to the share price have a longer term effect on PENs operations? I am not referring here to a change in the longer term market for Uranium etc, more if the current price action will change PEN's ability to implement whatever they had planned on doing before it.

It will affect their ability to raise future capital (or the price which they are raised) which will have very real impact.

 

[boff]

Question:
Can serious 'short-term' damage done to the share price have a longer term effect on PENs operations? I am not referring here to a change in the longer term market for Uranium etc, more if the current price action will change PEN's ability to implement whatever they had planned on doing before it.

Well I imagine it will have an effect on future capital raisings. These should be expected as the company moves closer to production.
Having said that, they have approx $25m in the bank and a draw down facility of $100m so one imagines they are well funded for the time being and I would expect the share price to have recovered from its present state before further capital is required.

 

[mr. jeff]

So funny... how many shares do I need to buy to qualify for the Ux medallion medal? And what price do you think I can sell them for on eBay targeting the Russian mafia?

BTW what are you smoking?

Well skc at the risk of annoying people with ongoing stupidity, the answers you seek are:

1. you need to hold at least 10 shares in PEN to qualify on the ex-date for the medallion.
This is not as surprising at second take, as my system shows that when this date arrives, PEN is trading at $ 14,593 per share. I would have to check but there must have been a consolidation. Maybe LabTech can run this through his Vic 20. (that's a lawnmover right LT?)

2. You of all people should know that you cannot sell enriched uranium on Ebay. You must use Grays online, it goes under "MISCELLANEOUS TERRORISM SUPPLIES" and I think you would see in the ballpark of $84.00 for it, but again I defer to LT's lawnmower to confirm, and it may depend on the bidders online that day. I do not condone wearing radioactive jewellery children.



Where to next for PEN ?

 

[Sean K]

Question:
Can serious 'short-term' damage done to the share price have a longer term effect on PENs operations? I am not referring here to a change in the longer term market for Uranium etc, more if the current price action will change PEN's ability to implement whatever they had planned on doing before it.

This is a very good question Labby.

It must be dependant on the cause of the short term damage. If it was caused by a 9/11 or some other black swan, not related to nuclear energy production, then no problem. Since Germany shut down quite a bit of it's nuke plants and China has automatically deferred start up of a few plants it does have an effect. Many miners will still be digging and stockpiles growing for a reduced demand. If this isn't sorted quickly, then the result will be reduced requirement of supply and lower prices. If there's a medium to longer term shift away from nuclear energy even decent explorers/developers will suffer. Maybe put into mothballs.

Lets hope for the PEN faithful that this all blows over quickly.

 

[barney]

If this isn't sorted quickly, then the result will be reduced requirement of supply and lower prices. If there's a medium to longer term shift away from nuclear energy even decent explorers/developers will suffer.

There certainly are a few unknowns in the U arena at present. The extent of the Japanese situation will be the catalyst for any short term improvement.

PEN are in a much better position than most Juniors as their proposed Opex/Capex etc is very low, so even if the spot price of U takes a dive, they will still have a viable model to work with.

Supply and demand will be the longer term key of course. If a lot of Juniors are forced to pack up their bat and ball due to reduced margins, any short term lack of Demand may well turn into a medium/long term lack of Supply.

Advanced Juniors with sound project models will be the ones to survive, and after the current mess is sorted, they should end up being in a stronger position over time ..... One step at a time at the moment however.

 

[EEE]

Nice start out of the blocks for PEN this morning.

Found this article:

http://www.uraniumseek.com/news/UraniumSeek/1300391236.php

Which runs similiar to my thoughts on the whole situation. Read a report today that although the situation is still serious, it has not worsened from yesterday. Providing the rods are cooled and and there is no meltdown, I think it will be business as usual for the 'Uranium Renaissance' as the article so elegantly puts it.

Great oppurtunity if you have a few bucks to spare.

 

[barney]

Nice start out of the blocks for PEN this morning.

Found this article:

http://www.uraniumseek.com/news/UraniumSeek/1300391236.php

Thanks for the link EEE.

Ms Alka Singh is highly credentialed and her opinions are worth noting from a trading perspective.

Couple of her points below:-

This is a great opportunity to buy good uranium stocks for the long term. Short term, hedge funds could still short all of these uranium names without knowing which one is better just because they have the word "uranium" in the name. There could be still some tears in the market in the short term. However, if you find good companies that you like with good assets and management teams, this could be a great opportunity. I am talking about companies with good assets, low-cost production and maybe in-situ recovery (ISR) production.

This gives investors the best opportunity to buy since the 2008 financial meltdown. I can understand why people are concerned; but for a risk taker, this is good high-reward opportunity.


Interesting that she highlights ..... Good management, good assets, low cost production ans In-situ recovery ......

That's 4 from 4 for PEN.

 

[barney]

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[tech/a]

Bugga

Bought a little PEN though.

 

[ColB]

No disrespect to our most avid poster but surely it is time to come back Hangseng

 

[tech/a]

Moving along Nicely.
Hang should have been beaming at the opportunity of picking up stock in the 7c area!
Still I think its getting close to jumping ship again.

 

[ColB]

Moving along Nicely.
Hang should have been beaming at the opportunity of picking up stock in the 7c area!
Still I think its getting close to jumping ship again.

You're gunna jump ship to make your quick 25-30% today? and no-one can blame you for that. But maybe it might hit .11c tomorrow. Then again as the market keeps showing us there will always be another opportunity

 

[tech/a]

I said think!

 

[aria]

I just brought PEN at 0.075 a few days ago when it was dropping, really just online gambling to be honest, I'm not a trader. Does anyone have a crystal ball prediction about what the stock could be worth in the future and when? I know it's an incredibly ignorant question so I hope I don't offend any serious traders here by piping up...

 

[mr. jeff]

You're gunna jump ship to make your quick 25-30% today? and no-one can blame you for that. But maybe it might hit .11c tomorrow. Then again as the market keeps showing us there will always be another opportunity

hmmm take 75 % gain in a week whilst reactors are still overheating, or let it run back to a loss....would be very surprised to see much more upside short term in PEN. Got a bunch at 0.059; that is buying at a good level - even though you aren't supposed to trade with any emotion.

Col I don't think that getting an 0.11 exit instead of 0.105 is that much of a worry considering where we have been in the last week or so...

 

[ColB]

hmmm take 75 % gain in a week whilst reactors are still overheating, or let it run back to a loss....would be very surprised to see much more upside short term in PEN. Got a bunch at 0.059; that is buying at a good level - even though you aren't supposed to trade with any emotion.

Col I don't think that getting an 0.11 exit instead of 0.105 is that much of a worry considering where we have been in the last week or so...

Like I said Jeff, can't blame anyone for taking the profit while it is there and I also said the market will probably provide another opportunity.

The sentiment on PEN is obviously heating up as the reactors allegedly cool down. Which way will it go? Nothing more than an each way bet!

 

[tech/a]

Sold into strength--happy with the few days.

 

[bennywizard]

Does anyone know of any good companies mining Thorium?

 

[bathuu]

I think PEN has had enough rise in last 2-3 days. 0.10-11 level is perfectly corrected in main trend line and good for some time now. Whoever had a ball to ride it from 0.06 to 0.10 must have been rewarded handsomely. Congrats lads.