You either go do the sneevil ninja quest in oaklore a lot or you can buy it with dragon coins.If you have more questions message my Facebook.Heres my profile link : http://www.facebook.com/profile.php?id=100001225844644 .
You can buy a platinum shrink ray for 45 dragon coins in Cyseros shop I do not know where to get the royal penguin shrink ray though but you could find out at the dragonfsble forums
you cn buy this in falconreach in cysero's weapons shop
for just 45 DC
you eat at sir roliths place.
cheat coin and medals
cysero's pet orb in his store gives you the platinum penguin shrink ray
The Sneevil missions in Oaklore have a rare chance of giving it as a reward.
you get it from cyseros orb
you buy it in cysero's shop with dragon coins
go to cyseros shop and go left until you see the green ball thing and look for it [hint this olny works if you have dragon coins].
Hide behind the round mirror.
MrSilva has the shrink ray he is the one who stole it and shrinks you
Go to the kinght to the left by the book return place in Oaklore(the first screen when you go throug the gates.) then quest for it at either the ninja dojo, boxopolis, and another one one which i can't remember. it's a rare find though
A 'shrink' ray is imaginary . . . it does not exist, nor can one be built.
Royal Penguin was created in 1876.
you get shot by a shrink ray in c.j.'s House and therefore you are shrunk.
you try to avoid being hit by the shrink ray gun