PEN 3.64% 5.7¢ peninsula energy limited

Ann: Additional tests confirm effectiveness of low pH chemistry, page-65

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 615 Posts.
    lightbulb Created with Sketch. 24
    although i exited my position based on sp risk, i fail to see the fundamental risk at current prices which y3 alludes too?

    at raw basics they maximize the value of their current contracts via purchases on the spot market (they have already done this once), sell off their plant for scrap metal, claim any r&d tax receipts & return cash to shareholders.

    i dare say all of this alone is worth more than $40 odd million & is a worst case fundamental value.

    if the low ph works & the uranium price significantly improves it is likely worth north of $1 billion which makes it a 20+ bagger.

    fundamentals are stacked in favour of holders here imho but the in the short term sp's can do anything.
 
watchlist Created with Sketch. Add PEN (ASX) to my watchlist
(20min delay)
Last
5.7¢
Change
0.002(3.64%)
Mkt cap ! $274.0M
Open High Low Value Volume
5.7¢ 5.9¢ 5.5¢ $1.879M 33.05M

Buyers (Bids)

No. Vol. Price($)
3 230880 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 277792 3
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
PEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.