18 mlbs coming onto supply side, page-11

To Dionysus,

There are hundreds of posts on here that give no good information or facts, outdated information or heavily 'sentimented' opinions. I just posted for you a factual piece of information to consider. And it is really an interesting set of information. I posted this on PEN (along with the Uranium forum and others) because who is more likely to be interested in it than people looking to expose themselves to uranium. If you are long on a stock don't you want to know about information that effects that position. When I am long on a stock I barely ever pay attention to people quoting good news stories and other hype, I know all that, that's why I am long. I want to know the other side of the coin by people that are not long or short.

Any balanced 'investor' should welcome such information that is relevant to their interests.

I see you have read some info from cameco, your two quotes are certainly not positive news for PEN or any potential new producers. I.e. it won't push production as heavily as before because there is not the demand (i.e. everyone was hoping demand would be up by now but it is not) and that if any demand does come on line they will be ready to meet it with low cost stable and proven production as well as their heavy inventory load. They can essentially price new entrants out of the market, and having seen their buy up of many of the best Aussie resources it appears they are building towards a monopoly (Monopoly is too strong of a word here but you get it). Who knows in a few years they might buy PEN - though I think they are on the wrong side of basin for it to be strategic for Cameco.

I am not long on Cameco but I will read through their reports over the next few days following this news. And may well take a position (they are still paying dividends even in this U market).