chartist 1, rest 0, page-17

Actually, the price fell due to my fundamentalist analysis.

Does one seriously thinks the seller of 2m+ shares first thing this morning would have sold based in Chalea's chart?

At current uranium prices ($60 contract price), PEN may earn $27m npat on 2.5 billion shares.

Share dilution increases because potential issue price falls.

That is only 1 cent earnings per share for the USA project.

Place on PE x 8 + 25% to 50% for South Africa uranium, and we have 2 year share price target of 10 - 12 cents.

PEN valuation falls to 2.5 to 3 cents a share on generous 300% gain over two years.

I thank Chalea for their wake up call but the share price falls due to fundamentals.

And well done Gus for raising $10m and then issuing the scoping study.