now it’s time to take a look at wyoming, page-4

An interesting thought, Hangseng, j6*, an interesting thought…

PEN is being priced on the low (and falling) price of U3O8 and short-term uncertainties in nuclear energy industry.

That uncertainty does/did not exist in China with its stated policy and can-do actions towards nuclear energy. Perhaps that recognition was a factor in the performance of EXT and its Husab asset?? (I am not familiar with the EXT phenomenon.)

A take-over offer and, presumably, resulting bidding war would bring to the fore PENs future potential at both Lance (potential for several times its present resource) and Karoo (potentially much bigger than Lance).

Hence, rather than the itsy-bitsy focus on getting its initial mine up and running in a subdued U environment, a take-over offer may thrust PEN and its assets into the limelight against the background of its future potential in a world where nuclear energy is seen as a strongly viable, if not crucial, component of global energy supply.

Agree, Hangseng, it may be a blessing in disguise.

Agreej6*, I would hope that PEN did not become a "give-away" it today's depressed market.

Cheers