Peninsula Energy (PEN)

Discussion in 'Stocks & Derivatives' started by Bullion Stacker, Feb 1, 2015.

  1. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I don't particularly like increase in issued shares but theoretically since they're getting fair value for them then the balance sheet will have that much extra cash added to it and the value of each share doesn't change. Hopefully if the company is good then that money is put to good use then it actually increases the value of the company more than the dilution.

    If they can issue those extra shares to fund stage 1 at karoo at a time when corperate debt raising is very hard for commodities companies then it might be a good thing. I assume they won't do this unless they have a need to, kind of line s debt facility they can choose to use our not use.
     
  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    I bought some PLS a while back and dilution didn't seem to matter because of the funds they were receiving would enable the company to progress forward, dilution not always a bad thing if they are doing it wisely.
     
  3. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Bug news today, the NRC has given it's final approval for ISR mining to start at lance. Peninsula is now a real miner, not a discovery or development company. For years they've been "the ASX's next uranium miner", now they're the ASX's newest uranium miner.

    Picked up a tiny parcel last week when they dipped at $1.03, nice little jump to $1.30 today. Will be very interesting to see how the US listing impacts things though, I think they'll get much better traction with the NYSE-MKT being in production than being lumped in that category of shares belonging to "what if" companies.

    Exciting times again.
     
  4. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Nice announcement today, hasn't moved the market, but I'm proud of the guys. They shipped their first batch of uranium to one of their forward contract partners, they're a real end to end uranium miner now. Apparently production started December 2 and now they've made the first of what should be many deliveries.

    Karoo is looking good, lots of high reading intercepts, lots of good looking ground left to work with.

    My university internship research paper was on various startup modes for a local nuclear industry depending on the outcome of the South Australian royal commission. Seeing the rate of reactor building in China alone makes me want to look at getting more industry exposure. Even with 0% increase in electricity demand, the crazy brown coal problem (we're talkimg hundreds of thousands of deaths from respiratory disease alone) will push roll out. They're talking about building a plant every 6 weeks for decades.

    Anyway, congrats to everyone at PEN, it's been a long long road to hoe, but you did it.
     
  5. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    First trading day where PEN has closed under $1.00, that'd be under $0.025 per share in pre-40-for-1 consolidation terms.
     
  6. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Much lower and I'll be in for another tasty chunk. It's not the 1.6 cents I got in for last year, but with all the good stuff coming up I'm happy to take it.
     
  7. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Trading in PEN suspended, pending announcement today (23rd March 2016).
     
  8. finicky

    finicky Well-Known Member Silver Stacker

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    H1 report says they only held $2.8m cash at end of December.
    Negative operating cashflow for that Dec half
     
  9. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    They've gone into some cash up front deal for a potion of mined material to put the wind up production at lance with some new method of extraction, hopefully start generating some cash flow.
     

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