PEN - Peninsula Energy

[tech/a]

These guys are master marketers.
They know what drives sentiment and how the "informed" react.
Constant announcements with ONE aim.
Lots of sizzle buying in my not so humble opinion.

When they put up a brokers report thats really pumping the action!!
See bottom of page!!

Positive pumping pulls the punters like bees to a honey pot.

Click to expand

 

[hangseng]

Good morning PEN enthusiastics

Sharing the Quarterly report from PEN published this morning in ASX.

We all heard about the increased resources, permit approval on positive side and nuclear cynism around some section of the world on negative side.

Notwithstanding it is only matter of time for us to recognise the strength of PEN all the more, what intrigued me in the report about location of power resources in Wyoming.

There are some good locations for power within PEN easy reach compared to rest of the industries in Wyoming. That is an awesome infrastructure advantage for a power intensive uranium extraction process.

Fundamentally there are so many technical reasons for this process and product making me very encouraged with PEN all the more.

Good luck to you all and please do not forget to DYOR and look into your investment strategy.

I share your enthusiasm miner.

In a time of global difficulty for many mining juniors PEN just keeps going from strength the strength. Despite the efforts of naysayers with PEN on various forums over the last few years the positives just keep mounting up.

This is as expected, another positive report on PEN's activities.

As you say tech/a, bees to a honey pot and clearly there are many attracted to this sweet morsel once again.

All of the above my very biassed personal opinion based on over 2 years of consistent positive announcements and clearly supported by this great little companies obvious positive development as stated by the company they would achieve.

It has been a long wait, however I expect a great year ahead now.

 

[Megacents]

I am slightly confused with some of the postings.

Is there some personal connection between posters?


Like I said if you like PEN's story you trade it. If you are concerned with issues in the sector then please dyor.


Very nice quarterly report this morning. Confirmation of existing drill data from Karoo.

Further results from Wyoming and in general a very productive quarter.

Oh by the way aprox 30M on hand.

Yesterday green on a red ASX day, I think that speaks volumes.

Good luck to holders and potential holders.

 

[madjohn]

don`t worry too much just listen to HS-he delivers the goods!Thanks HS for your inputs very much appreciated-as for the Indian news??India will go ahead.

 

[hangseng]

I am slightly confused with some of the postings.

Is there some personal connection between posters?


Like I said if you like PEN's story you trade it. If you are concerned with issues in the sector then please dyor.


Very nice quarterly report this morning. Confirmation of existing drill data from Karoo.

Further results from Wyoming and in general a very productive quarter.

Oh by the way aprox 30M on hand.

Yesterday green on a red ASX day, I think that speaks volumes.

Good luck to holders and potential holders.

Just for the record (again) Megacents.

Through ASF and elsewhere I now regard miner, Purd2, mickqld, Kash buk, bukka, svengali et al here as friends. Our only connection is sharing information via the internet and email, with the exception of one who is a very close personal friend I have known since a young boy.

Not sure if that is what you meant but I thought I would just openly place that up.

 

[anthndp]

As you say tech/a, bees to a honey pot and clearly there are many attracted to this sweet morsel once again.

"Sweet morsel" Over 45% down from it's 52 week high, wow hate to think what you consider sour.

Looks like the beekeeper arrived at 2pm to clean up the mess!!!

I'm guessing there is no need to post pretty pictures or tech charts today?

 

[Garpal Gumnut]

Just for the record (again) Megacents.

Through ASF and elsewhere I now regard miner, Purd2, mickqld, Kash buk, bukka, svengali et al here as friends. Our only connection is sharing information via the internet and email, with the exception of one who is a very close personal friend I have known since a young boy.

Not sure if that is what you meant but I thought I would just openly place that up.

May I be a charting friend, I do like having friends as you do.

gg

These guys are master marketers.
They know what drives sentiment and how the "informed" react.
Constant announcements with ONE aim.
Lots of sizzle buying in my not so humble opinion.

When they put up a brokers report thats really pumping the action!!
See bottom of page!!

Positive pumping pulls the punters like bees to a honey pot.

Click to expand

View attachment 42606

It would appear that the reports are strangely collated in announcement date. May I be your friend too?

gg

 

[hangseng]

"Sweet morsel" Over 45% down from it's 52 week high, wow hate to think what you consider sour.

Looks like the beekeeper arrived at 2pm to clean up the mess!!!

I'm guessing there is no need to post pretty pictures or tech charts today?

At the time of posting that is exactly what it was.

Your Johnny come lately sarcasm does you no favours. So pray tell you knew a sell off was going to happen today, and not only on PEN? I think not...

Not even the fortune telling chart wizards could have, nor did they. Just more of the same old childish sarcastic remarks.

 

[tech/a]

Technically nothing has changed for PEN
Of the last 25 days PEN has had 20 flat days (despite the large compressor running pumping its heart out) or down and 5 up.
Not exactly the sort of strength this black duck would get interested in.

Volumes
Have remained un impressive until today clearly selling off into early "Exuberance"
The day completing on a classic pivot point reversal.
Not good I'm afraid for PEN pundits.
So Ive seen topping up at 11c and 13 c and now 7.6/7c
Excellent.

Click to expand

 

[anthndp]

So pray tell you knew a sell off was going to happen today, and not only on PEN? I think not...

Look mate when i checked the basic stock price at work, it was in negative, got home seen u pumping it up telling everyone about honey then nothing, so i checked the chart, you jumped the gun again, i'm still waiting to see how that "important" champagne welding price changing announcment on the 14th has done.
This stock has been in sell off for almost 2 months now.
If your going to come on a public forum, on a PUBLIC thread, there's no HS PEN thread here, then boost about the stock then your leaving yourself open for criticism.
If it's ok for you to come on here pre 1pm tell everyone how the corner may have changed, it's equally ok for someone to come on afterwards and tell you that the change hasn't happened, even if it's there 3rd post or 500th post.
Quarterly Activity reports are common, infact every quarter (how's that for sarcasm) hey two of my stocks released them today, do i feel the need to go on their thread and tell everyone, i don't have too as they are great money makers, i'll let the company do the talking for me especially when you have just sold a project to one off the world biggest miners. I can see that special dividend coming, "special dividend" whats that some PEN holders might say.

BTW 461 stocks posted a positive day which according to another PEN holder that speaks volumes.

 

[anthndp]

At the time of posting that is exactly what it was.

So when the price is going up it's because it's such a great company, but when the price goes down it's because of the overall market?

 

[bathuu]

I still see heaps of people on the sale side that seems ready to press the price down in any chance

 

[Garpal Gumnut]

There is a hotcopper feeling about this thread.

Never a good sign for a stock, if you are on the long side.

gg

 

[hangseng]

There is a hotcopper feeling about this thread.

Never a good sign for a stock, if you are on the long side.

gg

What has that got to do with anything stock related, or "ASF style"?

Originally Posted by Garpal Gumnut

Please stick to topic ASF style. Inform with facts or analysis.

A shame you can't hold to the same, the posts here simply attacking posters and constant derogatory remarks, rather than stock related is definitely not the "ASF style" I have become accustomed to here.

anthndp welcome to ignore, you will be in good company.

461 stocks posted gains...... What of the other 927? In particular the uranium sector. You also ignore the selloff of the uranium market leader EXT due to a Namibian Govt situation, of which absolutely nothing to do with PEN and some other stocks. However there is little doubt irrational people sold due to this.

I remain very positive based on facts, being company activities and fundamental performance. Short term trading fluctuations mean little to me.

Yes this is a public forum, however I see nothing that suggests it is a place where you post to personally attack others or post in a derogatory manner. However clearly it is rapidly going down that unfortunate path.

 

[mickqld]

Another counter to the constant battering PEN is getting from naysayers. We can play this tennis match as long is it takes at the end of the day PEN has quality/quantity resource,cheap to extract,quality management,market to sell to, permits pending and finance to get to production. It will be in production some time next year and its SP will be higher than it is now meaning if you want to make money on a stock this one will make you some. Why these white knights who hold no stock continue to have negative views on the stock is beyond me. I certainly dont waste my time talking down stocks I dont own.

http://www.miningmx.com/news/energy/uranium-prices-set-to-recover.htm


Uranium prices set to recover

Brendan Ryan | Tue, 26 Apr 2011 15:08

[miningmx.com] -- THE fallout from Japan's nuclear crisis will hit global demand for uranium, but will also negatively affect supply and the uranium market will remain in deficit from 2011 up until 2020.
That's according to RBC Capital Markets analysts Adam Schatzker and H Fraser Phillips who " in a recently published research report " predicted uranium prices would start to recover in the second half of 2011.
They said: "Based on our forecast of available uranium supplies (mine sourced and non-mine sourced) we do not think that there is sufficient uranium to cover the needs of 2018 to 2020, and certainly not beyond that time frame.
"As a result we expect that, at some point in the next 12 to 18 months, utilities will begin to see an increasingly tight long-term contract market to the point where there is all but no supply availability. This, in our view, will be the stimulus that will cause the uranium price to recover."
The bulk of the world's uranium supply is purchased by power utilities on long-term contracts, and not on the spot market.
The analysts said: "The long-term price indicator has remained relatively robust currently $72 per pound and we anticipate it will continue to outperform the spot market for the next 24 months.
"However, we do not think the current long-term price properly reflects the long-term fundamentals of the uranium industry."
The analysts said they had reduced their forecast on total uranium demand between 2011 and 2020 by about 125 million pounds from their previous estimate published on March 9.
But they have also dropped their forecast on total supply over this period by 49 million pounds, and predict the deficit between uranium demand and supply will be more than 80 million pounds by 2020.
They said: "We believe that the new supplies needed to fill the growing deficit will require uranium prices higher than $80/lb in order to provide the incentive to explore for, finance and develop new projects."
The spot price of uranium fell rapidly from around $68/lb when the earthquake struck Fukushima to bottom at $49.29/lb on March 16, from where it has recovered to current levels just under $60/lb.
The analysts said: "Once the panic sellers stopped placing material into the spot market, the underlying tightness again dominated and the uranium price began to rise again."
While noting the negative reaction from various countries in terms of shelved or delayed nuclear projects, the analysts' overall assessment was that "the current leading nuclear builders - China, Russia, India, South Korea " are unlikely to change their long-term plans despite the magnitude of the tragedy in Japan's.
On the supply side, the analysts highlighted the likely impact of the Fukushima disaster on Australia, which has some of the best potential for the development of large new uranium projects.
They said: "In the aftermath of the Fukushima disaster we think that the level of acceptance for new uranium projects in Australia is significantly lower than it was before.
"In our view, the potential for delays or project cancellations is significant and may have a marked impact on the outlook for uranium supply growth in this decade and the next."
The analysts also pointed to shortfalls in anticipated supply caused by problems with developing uranium projects.
They said: "Looking back at our supply forecasts from mid-2006 to present, we have observed a very clear pattern; the expected supply from 2006 to 2010 has dropped dramatically.
"Most of these shortfalls have been driven by either problems with existing operations or delays in new mine production, with an emphasis on the latter.
"We do not see any reason why the problems that plagued new supply between 2006 and 2009 should disappear; rather, we think there is a good chance that future supply forecasts will again disappoint. We think this fact needs to be reflected in the current uranium price and, in our view, it is not."
The analysts said: "We believe that most uranium producers have sold the vast majority of their production through to at least 2016. Yet there remains a substantial portion of demand uncovered (30% to 40%) between 2016 and 2019.
Some of the newer entrants to the producer category such as Paladin, Denison and Uranium One likely have material available for contracting in those years but, according to our estimates, they will not have enough to satisfy the forecast demand.
"We think that in late 2011 utility requests for contracted material in 2016 and beyond will be met with fewer and fewer offers, and then perhaps none.
"We believe it is this sequence of events that will provide a significant stimulus to both the spot and term prices and bring them to a level that is sufficient to incentivise new exploration, development and, eventually, production."

 

[madjohn]

Think it has to do with HS-they know how highly regarded his post is so some just like to chop it down- so must be envious of HS so want to gain attention!!Attention seeking-or either broke ,unemployed and nothing to do??hahaha! Or VERY CARING PEOPLE LOOKING AFTER OUR INTEREST??

let them go on cos most know what they are -one got suspended after 1 week membership talking the same stuff in another forum.

 

[tech/a]

Dont have a problem holding PEN just a matter of getting it set at a good price (If your late on the action like I am.)

Click to expand

View attachment 41744

My interest in this stock goes back to here.
My comments are a follow up to those who remain un affected by the media machine.

Fact is it ISNT in production and Permits are PENDING.
If the stock is worth buying it will be as clear as this post was to sell.

 

[madjohn]

I like to buy a good company at a cheap price-no good for me if the price is high and the company is good.

 

[madjohn]

Alabama nuclear plant outlasts natural disaster

*
* Share this
* inShare2
* 0diggsdigg
* Email
* Print

More from VentureBeat

* Alabama nuclear plant outlasts natural disaster
3:01pm EDT
* eBay Find: 1982 Lucas-Reliant Hybrid British Concept Car
1:24pm EDT
* JD Power: Battery, hybrid-electric cars are overhyped
27 Apr 2011
* Wheego Ships First LiFe Electric Car on Earth Day
25 Apr 2011

content by VentureBeat

By Matthew Lynley at VentureBeat

Thu Apr 28, 2011 4:11pm EDT

An Alabama-based nuclear power plant with similar specifications to the Fukushima Daiichi plant that was ravaged by an earthquake in Japan outlasted catastrophic weather in the southeast and has shut down without incident.

Diesel engines, the second line of defense in a long line of safety precautions at the Brown’s Ferry plant, were not disabled by the severe weather. The reactors kicked in and provided emergency power to the plant after its main power lines were cut.

Dozens of tornadoes ripped through the midwest and southeast yesterday, killing 248 people and dealing leveling entire neighborhoods. The storms spawned the deadliest outbreak of tornadoes in nearly 40 years, according to the U.S. National Oceanic and Atmospheric Administration.

The situation at the Browns Ferry plant illustrates the effectiveness of standard nuclear safety features in severe weather. Most nuclear reactors will never face the tragic combination of circumstances that struck Fukushima.

Despite the Fukushima situation, the US government plans to continue funding nuclear power projects as part of a push to promote energy that is cleaner than that produced by fossil-fuel-burning plants. President Barack Obama and U.S. Energy Secretary Steven Chu have also lobbied hard to bring nuclear power to the forefront as a potential alternative to fossil fuels like coal and natural gas.

[Photo: Argonne National Laboratory]

Tags: clean energy, clean technology, fossil fuels, nuclear power

 

[Billyb]

Price should always follow fundamentals long term.
If fundamentals remain good, then buying this stock can certainly fit well into the portfolio of a long-term investor who can accept some moderate risk.

But it's still a speculative stock IMO just because of the fact that it's a junior and because of the recent sentiment surrounding uranium stocks.

Obviously at the moment it's very risky to buy PEN if you are not investing long term or if you are buying on technical indicators.

We have two different class of investors/traders here with different investing/trading goals debating here. Clearly there will be opposing opinions, especially when we put emotions into the mix.

I think that pretty much sums it up.

My 2 cents. I still hold PEN.