PEN 3.64% 5.7¢ peninsula energy limited

You are right - I did call it and I have not bought. But that's...

  1. 2,983 Posts.
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    You are right - I did call it and I have not bought. But that's because my 15c call was on the high side (in hindsight) - the "bottom is not in" in my humble opinion. There's a long way to go to get to the low pH scenario and I reckon we'll see further slippage in the SP. 11c/12c is a possibility in my estimation.

    Oh and btw, why am I compelled to buy just because my prediction has come right? Logic would dictate that if my prediction came true, which it did, this would confirm the poor quality of the PEN investment. The SP does not go down because the investment case is stellar.

    Short term trading is an option, but I'm not very good at that.  

    I'm sorry to say, but the clearing of run ways, the departure from train stations, rocket launches and the desire to "buckle up" and scream "BOOM" are all massively premature.

    I reckon, the most significant piece of news that will be announced in the next 4-6 months will be the requirement to raise capital. At predicted burn rate, the piggy bank will only last until June. CR announcement this quarter or early next I reckon.  
 
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5.7¢
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5.7¢ 5.9¢ 5.5¢ $1.879M 33.05M

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3 230880 5.7¢
 

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5.8¢ 277792 3
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
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