PEN - Peninsula Energy

[Joe Blow]

The last three posts in this thread have been removed.

What happens on other forums stays on other forums. The PEN thread at ASF is not for stories of bannings and drama from other forums and posts that contain this kind of content will be removed.

I am going to say it one last time: If you have nothing of value to add to this thread, please refrain from posting. By "value" I mean some news, relevant information or analysis. Any assertions made about PEN must be backed up with some reasoning or supporting information.

No/Low content posts will continue to be removed and infractions will be issued.

 

[hangseng]

Simply a matter of time IMO....sentiment will change and all will be forgotten as I have stated all along. The "Herd" will follow as usual.


http://www.wealthdaily.com/articles/uranium-price-rebound/3096

In part:

Uranium Price Rebound
If There Was Ever a Time to Buy...
By Ian Cooper
Thursday, May 26th, 2011

Say what you will about nuclear energy...

But it's not going away. Not as smart investors realize Chinese demand far outweighs Japan's nuclear woes.

As a result, the biggest drop in uranium prices may be coming to an end as China and India make plans for nuclear developments that will more than double global uranium production.

China's Nuclear Energy Association announced two weeks ago they will boost atomic capacity as much as eight times by the time 2020 rolls around.

By 2030, India's Atomic Energy Commission is increasing production 13-fold.

Turkey has a 4.8 GWe reaction site under construction on its Mediterranean coast and plans for a similar project on the Black Sea. They're looking to build a third reactor on the Bulgarian border.

The United Arab Emirates has construction plans for four 1,400 MWe reactors. And Sweden just reportedly reversed its moratorium on new reactors.

The demand is very real, folks ”” despite the horrific events in Japan.

But that demand won't be met, so long as supply remains tight...

 

[skyQuake]

Is there an actual tradable uranium spot mkt? If so is there a code for it?
Havent been able to find a good proxy for the u308 price.. trying to run a correlation with PEN

 

[Garpal Gumnut]

PEN is in another triangle, a downward sloping one, and it is interesting that all the high volume has been on down days, where sellers forced the price lower.

It will be interesting to see how it fares on Monday, as a break lower would be catastrophic for long term holders.

The price indecision at present on the chart is interesting. It will not stay thus, for long.

Will it rise or fall?

gg

 

[hangseng]

PEN is in another triangle, a downward sloping one, and

it is interesting that all the high volume has been on down days, where sellers forced the price lower

.

It will be interesting to see how it fares on Monday, as a break lower would be catastrophic for long term holders.

The price indecision at present on the chart is interesting. It will not stay thus, for long.

Will it rise or fall?

gg

I disagree with the highlighted section.

You haven't mentioned that most of those days the sp was trading higher and it was only at close the sp was sold down and on most occasions only by a handful of shares (somedays on 2 or 3 shares changed to ensure it went lower at close) on CSPA. Noted by many watching it live on a daily basis.

That disguises what is really occurring.

Draw a few more lines and PEN is in a sideways consolidation pattern and also you could say a symmetrical triangle depending on when you commence the lines.

The highest volume being 8m on your section of chart and most of it less than a 2m shares. Hardly big volume, especially for PEN.

Considering the market general has taken a beating these last few months, PEN has held very well. It does remain to be seen if PEN goes up or down, however after listening to the live NRC meting last week and what I know to be fundamentally factual I believe UP has a much higher probability than down.

"catastrophic"....lol why? I would see this as simply another opportunity and anything but that. I am a long term holder so I can comment on that and my view is shared by many I discuss PEN with offline and online. Your view would be that of a non-holder or at best short term trader with ongoing negative view of PEN, so the statement is mere (wrong) assumption on your part.

I only responded in the last paragraph because of the subjective and baseless use of a dramatised expletive in an attempt to back up a personal view. Unwarranted and baseless.

 

[hangseng]

Let's see what happens today for example.

The chart below clearly shows the bulk of the volume is buying up to 8.2 in the main, not down to 8.1.

Theoretically it would be reasonabl;e to assume a close at 8.2 based on this. I would almost lay money on it that it will close at auction 8.1 on just a few shares as has happened so many times before. To give just the impression you allude to gg.

http://postimage.org/image/1g1plmop0/

Let's see what happens....

 

[tech/a]

Even in Spain my curiosity is peaked on this thread.

Attempting to make a call on $ 250000 worth of traded stock is just crazy.
This minnow is churning nothing more.
If you care to look back it's performing as expected ranging and will do for a LONG time.--- in my not so humble technical view.

 

[skc]

Even in Spain my curiosity is peaked on this thread.

Attempting to make a call on $ 250000 worth of traded stock is just crazy.
This minnow is churning nothing more.
If you care to look back it's performing as expected ranging and will do for a LONG time.--- in my not so humble technical view.

Lol you should really learn how to holiday, tech/a.

 

[skyQuake]

Germany says it will shut down all its nuclear power plants by 2022, becoming the first major industrial power to give up atomic power and rely entirely on other sources of energy.

Some bear news in this thread for once.

Not that PEN has shown any real correlation to the spot uranium price or any of the uranium majors

 

[hangseng]

Some bear news in this thread for once.

Not that PEN has shown any real correlation to the spot uranium price or any of the uranium majors

You should read more of this thread lol...

Searching for negativity??? an interesting concept but plenty of that here, especially since the Tsunami in Japan. There has been many an attempt to drag PEN through the mud recently and over the last 2 years and I am sure it will continue lol.

But let's open up that discussion a little, as I find it a little interesting for a few reasons.

That is such a politically motivated decision void of logic or reason IMO. I find it simply amasing they decide they will shutdown nuclear energy BEFORE having decided on alternatives.

Lets look at the alternatives:

1. Wind - Germany uses this succesfully as many countries such as Australia do. The land space required is massive and atm it only makes up 4% of the total power source. The have approximately 17,000 windmills now, ...do the maths. The will wipe the wonderful lanscape of germany into a sea of windmills....simply not going to happen.
   
2. Solar - see above
   
3. Coal - see below

I will stop there for now and simply post up this link, it says it all IMO.

Can Germany Really Shut Down Their Nuclear Plants and Phase Out Fossil Fuels?
Written by Breakthrough Institute
Saturday, 28 May 2011 14:30

http://oilprice.com/Energy/Energy-G...uclear-Plants-and-Phase-Out-Fossil-Fuels.html


Willl it make a difference to the use of Nuclear Energy in the region? IMO it will, with France exporting nuclear power to Germany. Guess who has been in France in "talks" (about what I have no idea) he MD of PEN Mr John (Gus) Simpson. I bow to his foresight!

You could only speculate what the "talks" are about or who with. However it isn't unreasonable to think it would be utilities as they did in the US, and also the uranium/nuclear energy juggernaut AREVA is based there.

Interesting times ahead, of that I am certain and I look forward to it.

 

[skyQuake]

By Rainer Buergin and Brian Parkin
May 30 (Bloomberg) -- Germany moved closer to a plan to
become the biggest nation to exit nuclear power, with Chancellor
Angela Merkel’s coalition endorsing a shutdown of atomic plants
by 2022, capping her reversal on energy policy.
EON AG and RWE AG, the two biggest utilities, led declines
on the benchmark DAX stock index, with both dropping more than 2
percent and RWE slumping to its lowest since December 2004 as
the government retained a tax on spent fuel rods.
The decision in the early morning hours today by coalition
leaders in Berlin underscored Merkel’s flip-flop from a 2009 re-
election promise to extend the life of nuclear reactors. She did
her about-face after the March meltdown in Japan as the anti-
nuclear Green Party gained in polls. Her party lost control of
Baden-Wuerttemberg to the Greens in March and finished behind
them in a state election for the first time on May 22.
“As far as the government’s credibility is concerned, it
was about damage limitation,” said Bernhard Jeggle, a utility
analyst with Landesbank Baden Wuerttemberg in Stuttgart. “Those
people who wanted to exit nuclear probably voted Green in the
first place and will continue to choose the original rather than
Merkel’s copy.”
Germany’s BWE renewable energy federation said this year
its members were prepared to spend as much as 200 billion euros
($286 billion) by 2020 to develop wind and solar power. Merkel
wants to present five or six bills in Cabinet on June 6,
including a revamp of feed-in-tariffs for solar, wind and bio-
mass power, new building insulation targets and plans to build
new “smart” power grids.
Businesses and utilities opposed Merkel’s move, warning of
increased costs and less reliable power sources.

Nuclear Supply

Nuclear supplied some 22 percent of German power in 2010,
while renewable sources provided 17 percent, the Economy
Ministry said. Europe is split on the future of nuclear power,
with France and the U.K. planning more reactors while Germany
joined Switzerland in setting an exit date and Italy extended a
moratorium on plans to re-enter atomic energy.
Germany is Europe’s largest power market, followed by
France. Germany last year was a net exporter of power to France,
sending 16.1 terawatt hours to the country compared with imports
of 9.4 terawatt hours, according to data published by grid
operate Reseau de Transport d’Electricite.
“It’s hard to see how they will replace the energy,” Anne
Lauvergeon, chief executive officer of French state-owned Areva
SA, the world’s biggest maker of nuclear equipment, said on BFM
Radio. “I’m not sure there is enough Polish coal, and it creates
carbon problems. Alternative energy sources are intermittent
sources. I think they will do what Austria did in its time:
import nuclear electricity from neighboring countries.”
EON slumped as much as 2.5 percent to 19.52 euros and was
down 2.1 percent as of 9:20 a.m. local time in Frankfurt
trading, extending the stock’s decline to 15 percent this year.
Smaller rival RWE tumbled as much as 2.5 percent.

Fukushima Impact

Merkel in March said she sought to accelerate the shutdown
of Germany’s atomic power plants following Japan’s Fukushima
disaster, the worst nuclear crisis since 1986. The decision
reversed a 2010 plan to extend the operation of the facilities
by an average of 12 years.
“The seven oldest reactors that have been placed under a
moratorium and the Kruemmel nuclear power plant won’t go back
online,” Environment Minister Norbert Roettgen told reporters
following the coalition talks. “A second group of six nuclear
power plants will go offline at the end of 2021 at the latest
and the three most modern power plants will go offline 2022 at
the latest.”
Coalition divisions over the timing of a phase-out deepened
after the Greens finished ahead of Merkel’s Christian Democrats
in the state of Bremen May 22. Merkel said last week she’d await
results of an independent feasibility study on a quicker phase-
out, to be published today, before setting a date.


They will have to now even if they can't afford to. Probably burn some more fossil fuels to bridge the gap.
Political hoop jumping!

 

[Sean K]

Interesting times ahead, of that I am certain and I look forward to it.

I can not fathom how you can take that news as anything less than extremely troubling for explorers/developers.

 

[isplicer]

I really don't have a good feeling about this right now. In all honesty, I believed that the news for U was bad only in the short term, as a result of Japan's unlucky plight (may they experience a swift and efficient recovery), and that U would pick up in the medium term when people got their heads together.

But I just can't understand why germany would make such a rash move! The short term prospects of U seem to be going further and further down... Yes, it defies logic and common sense, especially in an environment with greenies raving about Co2, renewable energy - but one we enter into the dark, moronic world of politics both seem to go out the window faster than the smell of a freshly baked apple pie.

It's come to the point where U stocks WILL go further down, down, down before people start realising. I'd wait it out for a couple of years, pick up a package when the prospects of U look the darkest, then wait it out for the long, long term and hope that people realise the power of nuclear energy within my lifetime.

 

[hangseng]

I can not fathom how you can take that news as anything less than extremely troubling for explorers/developers.

Kennas firstly read what I posted, in its entiriety including the link. I hold this is little more than political grandstanding.

That said I acknowledge as I did elsewhere this morning (see below), that if any country could actually achieve this incredible feat without a back up plan in place it is the German people. I will concede their positive attribute of determination and their engineering skills are amongst the most admirable on this planet.

"I to agree it would be an outstanding achievement, if in fact they manage to do this. I do agree they are one of the most determined nations of people on this planet and if anyone can they can.

However I still hold this is politically motivated and it isn't as simple as putting up approximately another 51,000 windmills. People love the idea of "green" energy, me included. However when it comes to plonking a few hundred or maybe even thousands of windmills on someones plot the sentiment changes dramatically.

As usual time will tell, if they achieve this enormous challenging feat and also meet future energy demands and their ambitious "greenhouse" timeline, I would be one of the first to congratulate them."

I remain unconcerned and I also have other personal reasons of which I will simply keep to myself as they aren't for the forums.

 

[Boggo]

Is there an actual tradable uranium spot mkt? If so is there a code for it?
Havent been able to find a good proxy for the u308 price.. trying to run a correlation with PEN

Chart below which may be upsetting to some who believe that a penny dreadful is going to override the reality of what is happening.
.

 

[hangseng]

I also forgot to add there remains far more people I regard highly such as Charlie Aitken of Southern Cross Equities et al, that remain unperturbed about the events unfolding.

It isn't a place for the faint of heart atm I admit, but it is a place I am comfortable with for now.

Did the world end for oil after the worst oil incident in years? Causing far more loss of life, damage and harm than the nuclear plant at Fulishima?....No!

Nor will this be the end of nuclear energy.

Nuclear remains the cleanest and safest energy source apart from Hydro, wind and solar. Why is it that we have had the latter for so long and yet nuclear overuns them all? A question I throw out to you all.

 

[hangseng]

It seems someone forgot to mention how devastaing Germany will beto the buyer of PEN just now

Once again the (negative) sheep simply fall off the cliff following the herd.

 

[hangseng]

For anyone interested...

PEN was obviously being held at 8.1 with multiple very small trades for most of the session...then in came the buyer(s) taking out 8.2, 8.3, 8.4 and 8.5 in a blink.

Is it simply short term traders pumping, or something else? Let's see what the weather blows in.

 

[Garpal Gumnut]

For anyone interested...

PEN was obviously being held at 8.1 with multiple very small trades for most of the session...then in came the buyer(s) taking out 8.2, 8.3, 8.4 and 8.5 in a blink.

Is it simply short term traders pumping, or something else? Let's see what the weather blows in.

A rise in price on higher volume is good HS.

Let us hope that your one person blitz of all forums from here to Timbuktoo was not responsible for some normally sober folk to lose their senses.

I have chosen PEN this month in the competition, and should it win HS, I shall send you your own personal poem called " PEN ".

gg

 

[awg]

But I just can't understand why germany would make such a rash move! The short term prospects of U seem to be going further and further down... Yes, it defies logic and common sense, especially in an environment with greenies raving about Co2, renewable energy - but one we enter into the dark, moronic world of politics both seem to go out the window faster than the smell of a freshly baked apple pie.

It's come to the point where U stocks WILL go further down, down, down before people start realising. I'd wait it out for a couple of years, pick up a package when the prospects of U look the darkest, then wait it out for the long, long term and hope that people realise the power of nuclear energy within my lifetime.

imo, there is a strong likelyhood this outcome is a Green political compromise, that will not actually mean any substantial reduction in German reliance on Nuclear power.

Even if they close down the plants that were planned to continue, (which I doubt), what they have NOT said is that they wont utilise Nuclear power imported on the grid from both France and Chzech Republic.

It seems unlikely they would be able to bring alternatives online economically and timely manner.

If they do my REE stocks should be looking good