large order is real, page-45

Upmarket,

Great response. The question "is paladin a speculative stock" is something for gt to consider. To draw a bow from Pdn to pen in a status sense, not a size sense (soon, with much less debt) is not a difficult bow to draw.

Noting that s/he is considering uranium him/herself I think gt's biggest dilemma is that s/he has this notion of the broader market collapsing, which would signal an entry point for his/her. Isn't trying to time these two (out of youf control) factors, speculation? If you nailed it, t'would only be a fluke.

In the the meantime, surely watching the sp escalate would be hard to watch. Clearly, waiting for a u price to head north would assist us all, but wrestling with his or her demons over the fact that smart (and patient) money has already bought in up to good value in pen will be gt's challenge.

Gt, in your opinion - what u stock (if any) would you consider when you decide that most people here are't playing craps with their money and investing in a well considered medium term play? (taking the trading element out of it)

I say that because if it is so risky at .022, when many bought in - how much risk is associated at buying in at 0.045, or 0.06, etc??? I would argue more....with limiting factor being u price of course which we all I believe agree will go up...and most will be satisfied if it takes 1-4 years. (although conceding quicker is better)

Let me put it another way. If that is our baseline position (and pen just a vehicle for uranium pure play) then I would put to you that it would be more foolish of you to suggest uranium will not turn within 1- 4 years than for us who think that it will.

Now that doesn't make me right and you wrong of course (because the future is unproven), but condescending blanket statements about how gullible you think we are I think underestimates the calibre of some of the investors you think we are.

IMO, that reverses the onus of explanation from those investing onto those that sit on the sidelines waiting for an entry. Of course, totally despising uranium/nuclear, or think its going to get taken over by thorium etc is a totally different story, I agree they'd be better to stay away given their thesis. But this isn't your thesis, as you cite.

You are looking for a uranium entry, so we seek some education fom you as to when this might happen. And trust I will be the first to commend you when/if you nail it. Many will.

And for the record...

I am a massive, massive wb fan...but if you are trying to channel him in your posts, he might even teach you 1) some humility, let alone 2) patience and 3) to stay away from 'guessing' when an event will happen. After all, at least we are dealing with a (bad) known behind us in Fukushima, not a hypothetical event you are waiting for.

At the very least, you can't cherry pick the great mans (buffetts) work. A base level wb fan knows he works in his 'circle of competence' - and if you haven't figured it yet, for some of these posters here, their 'circle of competence' is squarely within the u sector.

The kneejerk way with which you assert yourself is projecting a lot more emotion than you need to do. Am sure wb would be doing that in his bridge games???! I jest of course, but at the very least get into a debate where someone can respond...not throw in a hand grenade and watch it explode. This is a great example of someone who fears the hand to hand combat him/herself and can't manage the argument.

Again...play the ball (argument), not the man (posters). Blanket statements like "so many gullible are going to do thir $$$, etc, etc" besides being factually incorrect (because it hasn't occurred until its happened) is just simply is not an argument.

Sorry if I dragged on upmarket as I couldn't fault your outline above...enjoy your weekend all.

Cheers