With respect Karlos, how can a downtrend be broken while the price is still falling...
Note - Fukushima low broken...
View attachment 44197
OK, for argument's sake, let's shorten the time frame to post Fukushima catastrophe...
Happy?
Sweet mother of God.....why did you feel the down trend started due to Fukushima ...You of all folks should be the first to stick up your hand Chalea and voice to ASF the downtrend was already in place......
Out of interest..........I am under the impression you feel folks should be selling their portfolio containing PEN stock at the present time........I am baffled..
I would like to humbly submit what is the real interest for down ramping PEN by you Chalea?
Spaghetti;353124 23rd-October-2008 05:21 PM said:Downramp? Do you mean this?
Ramper
Buy xxx and you will be rich in two months and be able to retire and spend your life jetsetting all for the grand sum of $10,000. You will soon find out that this stock will end all your financial troubles and will return 4,000%. Nobody knows about it yet, be the first to enter this multibagger, before the Chinese come shopping. If the price goes down be sure to stock up because all the smart money like Buffet buy at the bottom.
enter downramper
But the company has nothing of any value? How can it go up up 4,000%? On what basis, the only evidence is that they have a few grains of gold left over from panning 120 years ago and a yellowed map with arrows of where Lassister was last spotted.
ramper
Why do you come on here downramping when you do not own the stock. I know, you are trying to get people to sell so you can buy cheaper. You are a criminal and I am going to report you to ASIC. Nobody listen to the downrampers, they just want to buy your stock cheap and make 5,000%. This is a long term hold folks, you will not regret it. I spoke to the company yesterday and they assured me the report will be out in a matter of days and was told by someone in the know that it wll be good news and the market will wake up to it's potential.
enter downramper
I am not downramping, just stating the facts
ramper
You would not know the facts if they hit you in the face. I know because I have connections in the industry. Also I spoke to a geo and he confirms the potential and says it is going to fly. Also heard that Chinese are interested and should be hearing something within next few weeks. See I KNOW the facts, whereas you do not.
enter downramper, some weeks later
Still no Chinese, s/p down 200%, so what is up?
ramper gone (with profit) so a convert (with losses) answers now
Has nothing to do with the Chinese or the fact they haven't got jorc yet or any decent gold finds, it is the market in general that caused the s/p to fall. The company will bounce back and those still holding will soon make 4000% and you are just jealous.
ah the evils of the downramper, ruining make believe stories, Santa is real you know!
Short term rectangle.
Might be going to 6.2c soon...or 5.0c if the wedge is respected...
View attachment 44214
I doubt it!
It's a descending triangle continuation pattern with a $40 target...
View attachment 44114
Lol .....
This will all be reflected in a slow, inexorable decline in share prices and ultimately the failure of most uranium juniors."
"...last week France announced that it will invest $1.4 billion in its nuclear energy program...
sile said:Nuclear Industry Status and Growth Outlook Global demand for enriched uranium is expected to increase significantly over the next few decades, with the anticipated construction of a new generation of nuclear power plants to help meet the world‟s converging needs to achieve energy supply security and address climate change. In particular, significant nuclear expansion plans have been announced by several countries including China (200 GWe or around 130 nuclear plants by 2030), India (60 GWe or around 40 nuclear plants by 2030), the USA and the UK, and over 30 other countries.
Recent data from the World Nuclear Association states that there are currently 440 nuclear plants in operation around the world, 62 plants under construction, 154 plants planned, and another 343 nuclear plants proposed worldwide. If all these plants proceed, global nuclear electricity capacity will increase from today‟s 376 GWe to a total of around 1000 GWe in 2030 – nearly a three-fold increase. This will place substantial demands on new uranium enrichment capacity over the next two decades.
Just for some balance, i found this in the latest market update from Silex
http://www.silex.com.au/public/uploads/announce/26-8-11 FY11 Operational Update.pdf
Nuclear power is far from a spent force.
Now there is a strong competition to acquire uranium producers by both China and India. China has few moles and agents in Australia who are constantly down ramping uranium prices and sentiment.
India hardly produces uranium...It is because they are uranium hungry and wants to develop sentiment for uranium. Once India picks up uranium then ball starts rolling
China has few moles and agents in Australia who are constantly down ramping uranium prices and sentiment. So that China can buy few uranium mines in Australia and world wide at cheap prices.
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