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Business Description: Peninsula Energy Limited (PEN) is a uranium exploration and development company with assets in Wyoming, USA and Karoo, South Africa as well as Fiji. The main focus is on the Lance Uranium Projects in Wyoming, USA.
Strategy Analysis: PEN’s long term goal is to become a 10mlbs per annum uranium producer before 2025. The plan is to continue to develop the mineral potential at Wyoming and Karoo, and also commence ISR production at Lance Projects, Wyoming in 2012/13 building 2.2mlbs p.a over 3 years. PEN plans to develop conventional mining and milling operation at Karoo Projects, RSA by 2016/17 and will look at near production acquisition opportunities in areas of existing operations to expand production at both CPP’s.
Peninsula Energy reported positive cash flow of $8.33m for the quarter ended 31 December 2012. Operating cash flow for the period was $(5.33m). Payments for exploration and evaluation were $(2.92m). Investing cash flow was $(588,000). Financing cash flow was $14.24m. Cash in hand at the end of the quarter was $21.45m.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
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