what a pile of schist, page-7

Bacci,

I got to ask, are you a disgruntled employee or did you buy in when the company floated and got you fingers burnt,considering this is the only company your posting on.

You seem to be putting a lot of time and energy pointing out your negative view on this company,for some one who seem to have no interest in buying.

Or are you waiting around for a desired entry point,to a calapsing,falling down pile of rubble of a business with no future but death is just around the corner.

Or are you going to change your tune if you were to find an entry point at a more personally desired level.

For me your negative outlook towards Penrice is just not concrete enough,lacks substance and I feel your grasping on straws.

I have viewed and digested to sides of the fundamental outlook for penrice and I have gone back and checked the financial side half a dozen times now.
The more I look the more I see increase capital expenditure
in the past couple of years,increased employment in 09 by 100 for a total of 300.

Negative cash flow was at its highest in 09 and has significantly reduced this year.
The question is why would you employ another 100 staff in 09 if your going to go insolvent, it just doesn't add up to me.
You can call me an optimist all you like,but all my opinions are based on previous financial reports and other information at my disposal.Nothing has been fabricated to suit my personal gain what so ever.

From a technical analysis point of view,you can also see a reverse head and shoulder formation building if you look at the chart.
Its not complete as yet the right shoulder is still not completely clear and could still see a double bottom.
With no more negative news I feel a reverse head and shoulder completion more plausible at this stage in my IMHO.




Please do your own research and this information is based on my own.