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PEN, PENINSULA MINERALS LIMITED
kiril
post Posted: Nov 12 2015, 07:24 PM
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I attended the Sydney roadshow today.

NRC approval is no longer "a show stopper".

We have been in a blackout period on new information as NYSE has rules around front running.

I asked when do ADR's start trading as it was meant to be October, Gus said by the end of this month.

I asked Gus what the short term catalysts for SP movement were; he said:

New term contracts/NYSE listing/new investors and Insto buying

I asked Gus to explain why large holders parcelling and selling to the ADR's issue would want to then buy back into the Aussie script...makes no sense.

Gus tried to explain but was clearly out of his depth, so Dan Bahen who runs insto dealing at Patto's jumped in saying there could be an arbitrage opportunity as the 2 markets trade at different values.

Gus spoke about the massive move by China towards U, and that all his wealth is tied up in PEN and he expects to do very well in the immediate future as the SP re-rates.

Spoke about Karoo and said we bought it for a song considering previous owners spent over $150m on it (from memory).

Kiril


Said 'Thanks' for this post: nifty49  Varmi  
 
kiril
post Posted: Oct 23 2015, 08:25 PM
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Purchases over the last few days equal $759,593.

Sorry for the missed days been interstate.

I think the buying is pretty much complete....for now.

Kiril.

I hold.

 
kiril
post Posted: Oct 20 2015, 06:00 PM
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Yesterdays purchases by the fund totalled $2,255,726
,
Really increased their buying.

This included a couple of large crossings that were secured for some large lines of script.

Building their position.

Kiril.

I hold

 
kiril
post Posted: Oct 18 2015, 06:13 AM
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Fridays purchases by the fund totalled $1,142,090
,
Really increased their buying.

This included a couple of large crossings that were secured for some large lines of script.

Building their position.

Kiril.

I hold

 
kiril
post Posted: Oct 17 2015, 07:40 AM
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Yesterdays purchases by the fund totalled $83,831

Really increased their buying.

Building their position.

Kiril.

I hold

 
abner29
post Posted: Oct 16 2015, 01:53 AM
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Posted by Eric Haun October 12, 2015

Floating Tidal Energy Platform Up and Running
Photo: Damen Image: Damen Photo: Damen Photo: Damen Photo: Damen
Photo: Damen Photo: Damen Image: Damen Image: Damen Photo: Damen Photo: Damen Photo: Damen Photo: Damen Photo: Damen Photo: Damen
The first months of operating the BlueTEC tidal energy platform have been a success, according to the BlueTEC Texel Tidal partnership: with every tidal flow, the platform supplies electricity into the Dutch national grid. The success has led project partners to work toward developing plans for the installation of a second, larger turbine.

“Getting the platform from the drawing board to a grid-connected operating reality in just six months is amazing,” said Allard van Hoeken, Head of New Energy at Bluewater Energy Services and recent recipient of the first Prince Friso Engineers Award. “The electricity production is conform expectations, the mooring loads are lower than expected and the stability is better than expected. It is a great success.”

Shortly after its launch this summer the platform’s new moorings passed its first serious tests as two large storms passed over the area.

With the platform up and running smoothly, the project partners are now looking forward to the next step in its development. “We will install the next turbine – a Tocardo T2 – before the winter. This will double the platform’s capacity,” Van Hoeken said. “A few months after that we will install a second T2 turbine. With two turbines working simultaneously this will double the capacity once again to reach the 400-500 kW mark. This means a proven solution is available on the market. In the meantime we will proceed to even larger units of 2.5 MW each.”

“These units can supply clean energy to islands and remote locations below the cost of diesel generators,” Van Hoeken said. “In addition, what the industry may only be starting to realize, is that they also pave the way towards large, utility-scale tidal farms. Starting with 500 kW units means using existing technology and a small grid setup, hence keeping the required investment and associated risks to a minimum. In the following step, our 2.5 MW units will be used for full development.”

The BlueTEC platform serves as a demonstrator model. The platform’s ease of maintenance illustrates the advantages of a floating system. “It has been very easy to solve any issues we came across,” Van Hoeken said. “We can reach the platform with a small boat, open the watertight door and enter the electronics room, fix and replace something and be back on land an hour later.”

Project partners includes Bluewater, Damen Shipyards Group, Niron Staal, Van Oord, Acta Marine, Vryhof Anchors, TKF, Tocardo, Schottel Hydro, NIOZ, Tidal Testing Centre, Nylacast and the Port of Den Helder. Further support came from the Netherlands Enterprise Agency and the Waddenfonds program, in addition to EU Life funding during the developmental phase.

“We are a group of great, strong and motivated partners,” Van Hoeken said. “Where everyone does their best to make it succeed – applying their skills to realize a new way of harnessing clean power.”





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kiril
post Posted: Oct 15 2015, 05:59 PM
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Yesterdays purchases by the fund totalled $196,099

Really increased their buying.

Building their position.

Kiril.

I hold

 
kiril
post Posted: Oct 14 2015, 06:09 PM
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Yesterdays purchases by the fund totalled $48,626

Building their position.

Kiril.

I hold


 
kiril
post Posted: Oct 13 2015, 07:22 PM
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In Reply To: rosskend's post @ Oct 13 2015, 06:45 PM

Hi R/Ross.

I must say I felt my far earlier purchaser were speculation. Whist we still had risk around permitting and various regulatory hurdles, and the Intervener's had their shot, we really could have had a very different outcome.

But now that construction is complete and commissioning has begun or imminent

U price starting to recover

Japan making moves to start its another reactor

NYSE listing by year end

Major news on Karoo (this I expect alone will be company making from my previous discussions with Gus)

China making U their priority over the next 5 year plan

PEN about to become the largest U producer in the US

And finally and MOST importantly.....a Fund buying at market every day with a target spend of $5m yet to go.

Kiril.

I hold....Lots.

 
rosskend
post Posted: Oct 13 2015, 06:45 PM
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In Reply To: kiril's post @ Oct 13 2015, 06:14 PM

Hi Kiril - like your optimism but share price probably won't move significantly until PEN actually starts producing and selling. Nothing like a good account balance to encourage the share price. At this stage PEN is still speculative but all is going well so far. If there is a major movement it will be speculation not appreciation of the fundamentals and therefore will be like the recent ASX up and down and up and down?!?!?! ;-)

R/Ross

Dis: I have and my early PEN's can now go to Prep?!!??! ;-)

 
 


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