PEN - Peninsula Energy

Re: PEN - Peninsula Minerals

Yes PEN has been moving up of late with very large volume too.

I love this Uranium hype, anything and everything that has a wiff of Uranium is moving, hard and fast

Re: PEN - Peninsula Minerals

6 Month Chart

Re: PEN - Peninsula Minerals

After several attempts at the 9 cents mark, PEN looks set to smash through 9, heading toward double digits.

Uranium is hot, and all uranium stocks have been running.

Re: PEN - Peninsula Minerals

Distinctly trending upward with sideways movement atm.....PEN is setting for another run and seems to have hit support level. Looking very positive indeed.

Re: PEN - Peninsula Minerals

What no posters about the PEN breakout today?
Volume 30,916,869
VWAP now at .088

Lower level of the linear regression channel was respected at .080
my call at the .080 bottom proved correct it seems.....

Hope someone is enjoying the ride...I am

Re: PEN - Peninsula Minerals

Are you all having a sleep?

2 days in a row PEN has broken away ....and not a word?

Re: PEN - Peninsula Minerals

Yes...it breakouts....

If it could stay on the current level for couple of days would build up support around 9 - 9.5 c

The next short term resistance is 10 c , past that resistance would be beneficial for the holders as the movement will be 0.5 c compare to current movement of 0.1 c

Re: PEN - Peninsula Minerals

Does anyone else think that PEN rise lately may be related to the South African Govts ann. of a second nuclear plant to be built with their preferred supplier to be announced soon?

Re: PEN - Peninsula Minerals

mickqld said:

Does anyone else think that PEN rise lately may be related to the South African Govts ann. of a second nuclear plant to be built with their preferred supplier to be announced soon?

Click to expand...

what ann would that be?

Re: PEN - Peninsula Minerals

rockingham178 said:

what ann would that be?

Click to expand...

From Reuters Soth Africa

CAPE TOWN (Reuters) - South Africa will build a second conventional nuclear power station in a bid to boost lagging energy supplies, Public Enterprises Minister Alec Erwin said on Monday.

"The decision to build the second plant has been taken... the technology has been evaluated and we hope to make a decision on the preferred bidder in the first quarter of this year," Erwin told a news briefing at parliament.

Africa's economic giant, South Africa currently operates the only nuclear power station on the continent at Koeberg, about 50 km (31 miles) outside Cape Town.

The country is facing a serious energy crisis, which has seen intermittent blackouts as the national grid struggles to cope with increasing demand.

Energy utility Eskom has predicted that the country could face power shortages as it prepares to host the 2010 Soccer World Cup.

Besides Koeberg, which is a conventional nuclear plant, the government has committed billions of rand to developing experimental nuclear technology in the form of the Pebble Bed Modular Reactor, which counts America's Westinghouse as one of its development partners.

Japan's Toshiba Corp owns a majority stake in Westinghouse.

While South Africa says the Pebble Bed model may be a long-term solution to its energy problems, Erwin said the plant now being planned would be built along conventional lines.

"The technology we've chosen would be conventional... These are technologies in use elsewhere in the world," he said.

South Africa has identified uranium as a strategic mineral as it finalised a national nuclear energy strategy.

"Over the long term, given that South Africa is a key uranium producer, and if we do a much bigger build, we would have to give thought to how we supply our plants," he said, adding that the mineral was increasingly in short supply.

Last year South Africa committed itself to switch from using highly-enriched uranium to a process where more lowly-enriched uranium could be used in nuclear power facilities.

Highly-enriched uranium can be used in nuclear weapons, and Erwin emphasised the government was not considering the military uses of uranium, but only planned for the mineral to be used in power plants.



© Reuters 2007. All Rights Reserved.

Re: PEN - Peninsula Minerals

mickqld said:

From Reuters Soth Africa

CAPE TOWN (Reuters) - South Africa will build a second conventional nuclear power station in a bid to boost lagging energy supplies, Public Enterprises Minister Alec Erwin said on Monday.

"The decision to build the second plant has been taken... the technology has been evaluated and we hope to make a decision on the preferred bidder in the first quarter of this year," Erwin told a news briefing at parliament.

Africa's economic giant, South Africa currently operates the only nuclear power station on the continent at Koeberg, about 50 km (31 miles) outside Cape Town.

The country is facing a serious energy crisis, which has seen intermittent blackouts as the national grid struggles to cope with increasing demand.

Energy utility Eskom has predicted that the country could face power shortages as it prepares to host the 2010 Soccer World Cup.

© Reuters 2007. All Rights Reserved.

Click to expand...

Cheers for that Mick,
I didd see that but I didn't relate it to PEN being the preferred bidder.
The preferred bidder in this ann refers to the builder of the plant I believe. However supply will be the next ...and it is not by accident that PEN have two leases on the rail line from Beaufort to Cape Town on the doorstep and it is close to Cape Town.

PEN will not have any problem at all having approvals in place to get this U out of the ground and it seems a lot of it at high grades. This won't go unnoticed for long.

Good find though, thanks again Mick.

Re: PEN - Peninsula Minerals

Watch PEN closely tomorrow.

Huge at close today with 4.77m shares traded within 14 minutes of close with a big run up from .093 to close at .097. Over half the days trades within the last 15 minutes.

Heaps of cross trades toward close.

Something may be up so just keep watch....may or may not be the next big run that may just break the .105 barrier.

I for one hope it does and just keeps on going......up of course.

Re: PEN - Peninsula Minerals

Well is anybody watching??????

tried to tell you...

Re: PEN - Peninsula Minerals

Rockingham,

I am watching this share.....it has been running for quite a while

Re: PEN - Peninsula Minerals

j4mesa said:

Rockingham,

I am watching this share.....it has been running for quite a while

Click to expand...

And it is going to run very hard today......huge buy build in the last hour and most of the big buys that have occurred are offscreen

I buy yesterday 3.9m shares.

Re: PEN - Peninsula Minerals

PEN is in a trading halt and the IAP is at 10.5c

Re: PEN - Peninsula Minerals

<<i buy yesterday 3.9m shares>>

WOW rockingham , thats about $400,000 worth

You must have very deep pockets and some excellent information.

Big Volume spike yesterday and up substantially... now at 3pm in a trading halt.

Lots of people must have kno... I mean expected good news.

Good luck to you and all the holders

Re: PEN - Peninsula Minerals

PMH requested a trading halt at 2.38pm, something is going on between the two

Re: PEN - Peninsula Minerals

Rob_ee said:

<<i buy yesterday 3.9m shares>>

WOW rockingham , thats about $400,000 worth

You must have very deep pockets and some excellent information.

Big Volume spike yesterday and up substantially... now at 3pm in a trading halt.

Lots of people must have kno... I mean expected good news.

Good luck to you and all the holders

Click to expand...

Rob_ee .....et al

My sincere apologies I wasn't saying I bought 3.9m shares (I wish) it was a typo by me. I was saying 1(one) buy went through at 3.9m shares.

But I do have a very nice parcel.

Trading halt is all good news.....PMH went into trading halt within 2 minutes with the same ann. AS mentioned on HC, PEN are about to aquire the Pacmag U assets.....PMH have openly disclosed they were going to do so and this will be it.

The recent trading activity has all been positive and someone knew of this in advance (as is always the case). So PEN holders and the lucky few who bought over the last couple of weeks you are about to have a big win!

Why this didn't get more attention on ASF is beyond me.....maybe people thought I was having a lend of them who knows??

Good luck to all.

Re: PEN - Peninsula Minerals

This is definately it, PEN is going to be huge people.....Uranium assets in the US and Sth Africa........I am so excited.

See the PacMag ann:

06 Feb 2007 PacMag secures Wyoming uranium project

In part.....

KEY POINTS
• PacMag has secured exclusive rights to portions of the advanced Sundance uranium project in Wyoming USA, including major parts of the Oshoto uranium deposits.
• Historical drill intersections from the area acquired include; 3.8 metres (12.5 feet) @ 0.243% eU3O8, 3.5 metres (11.5 feet) @ 0.159% eU3O8, 6.2 metres (20.5 feet) @ 0.083% eU3O8 and 9.1 metres (30 feet) @ 0.056% eU3O8, with local vertical stacking of uranium roll fronts.
• Previous trial mining has demonstrated that the Oshoto uranium mineralisation is amenable to in-situ leaching. Wyoming is host to several former and currently operating uranium mines owned by companies such as Cameco, Rio Tinto and Cogema.
• Technical data covering the project, including a drilling database, is owned by PacMag, which will facilitate conversion of the previous resources and reserve estimates to JORC compliance.
• As previously foreshadowed, in order to focus on its advanced copper-molybdenum assets, PacMag is progressing negotiations regarding the possible divestment of the Company’s uranium portfolio, including this Wyoming uranium project.