PEN-Peninsula minerals-Uranium,gold

[JBmurc]

Large volume last couple days could we finally have some positive news on its way in the Qtr report

[JBmurc]

-PENO look great buying for a spec buy being long dated- june30 2010 ex.date at 10c
I believe you'll find it won't stay at 3c for long ,with PEN being strongly sold off more than alot of the market because of its spec nature.

-If you hav'in already checkout -Warwick Grigor's(PEN director) Ur analyst report-www.uraniumanalyst.com/images/UraniumReview24March07.pdf

-And the last Qtr report-It's only a matter of time IMHO that PEN will have a 5,000t+ U308 resorce base ,then you have alot more world class tenaments with some good gold &gv prospects

[JBmurc]

Well not been a great last couple months for PEN holders(is there any ST holding ??) till yesterday up 22%
talked again with- Jonathan Whyte-sounds like its all guns blazing with more staff coming on board to get things moving.......... 8.5mill in the bank
currently PEN are busy with-

Lupa Gold-Tanzania-drilling program results soon(Pen upto 75%)
Raki Raki Gold-fiji-drilling
SthAfrica- Uranium/Molyb-Feild work underway
Sth AUS - Uranium-JVP's will commence drilling on targets soon
Wyoming-Uranium-World class- working towards more drilling to get resorces defined for- JORC compliance

Might be time to get some of these cheap PENO 2.5c -Shasta 2010 exp-10c PENO longer term BUY IMHO

[tobo]

... all guns blazing with more staff coming on board to get things moving..........
Might be time to get some of these cheap ...

Yep, agree, Topped up in last couple of weeks.
Tobo

[JBmurc]

who else is waiting for an news Annoucnement PEN must have something very soon I notice the head Shares getting some notice today pushing of recent lows up 4.4%


JBmurc-864,000peno

[JBmurc]

Geo have found some low grades at very shallow depth so far looking postive
PEN's a jvp 50% interest in the GOLD permit



http://www.abc.net.au/ra/pacbeat/stories/m1511334.asx

[JBmurc]

-well has been awhile and the market hasn't been kind to U specs like PEN & peno
still I believe things over the next couple yrs will make up for the wait.
Uranium will have it's day in the sun again with other energy sources only getting more costly PEN has .....Quality management....Quality exploration tenements....Cash backing.....shareholder wealth will come for the patiant

-lastest news--- http://www.asx.com.au/asxpdf/2008052...tff5x7p8y4.pdf

-http://www.moneyandmarkets.com/Issues.aspx?The-Alternative-Energy-Bargain-1802

-holding-905,000 peno (bring on the JORC and 20c + sp)

[moimoi]

Hi JB,

could you expand on the "quality management" aspect of your post.?

cheers
Moi

[JBmurc]

The guy you writes this report is a non-exe director of PEN ,from what I,ve heard from PEN sec.HGD ex MD he's a genius in the Uranium feild
-I have alot of respect from managerment that keep overheads and fees down,your see from recent Ann reports PEN's directors costs are low(but should increase alot as PEN come into production)
-Even though PEN have world class U assets managerment don't talk up unrealistic goals slow an steady PEN will get market
attention

-also guys like...
PEN's Chief Operating Officer Andrew Ford
�� Highly experienced exploration geologist and project manager (ex Barrick Gold)

http://www.blackrangeminerals.com/pd...gor21Apr08.pdf

[tobo]

The guy you writes this report

Warwick Grigor.
Yep, he has fingers in many Uranium pies.
Shares in Monitor En, Acclaim Expl, Atom En, Alliance Res, Contact U, Monaro (big holding & is MD), and of course PEN (& is NE dir), oh, and is dir of Heritage which is just adding a U interest to it's business.
I think he has other directorships that I have omitted.

I reckon his opinion is worth listening too as he has ear to the ground and not just confined to knowing what's going on within just one company.

discl: Hold PEN (and MRO, HGD) among others