The only thing in common between EXT and PEN is Uranium ... other than that chalk and cheese
"Extract Resources, way back when, did a 10:1 when they were ~ 2.2 cents, so 22 cents post." - what was the MC at that time?
"It was making out like a sleepy dog for a few months; then went on to over $10, before the Chinese made an offer in the $9 range." - Massive difference between EXT and PEN. The amount of U EXT had at time of T/O was many many multiples of what PEN has. The production figures EXT was going for was 10m+lb/pa. Quality management knew what they were doing and how to extract the U. EXT was/is a beast compared to little ol' PEN hence the Chinese (who don't think about the next 5-10 years but the next 50-100 years) bought EXT
"Lesson for me: it was at the beginning of a Bull Market" - PEN also increased in value during these times, but the difference in quality and quantity stood out
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