congratulations, page-27

"Around a year ago I saiid it would hit below four and it down trended. But it is really around 25% up on where it was 12 months ago."

GFC and uranium going out of favour in 2008 until early 2010...both nothing to do with PEN as a company. A company (management) that remained focussed long term both on developing PEN and the future of nuclear power, whereas other fly-by-nighter uranium companies simply faded away as did non-believers in PEN and the nuclear industry.

25% return in 12 months you say?

January 4th 2010 PEN was 4.2c.

January 4th 2011 PEN is 8.8c

100% gain in 12 months...yes if you call a measley 100% gain "a bit rich" tcisboss, then you would be right.

My first buy in PEN was in November 2006 at 3.1c. I have a buy average now of 3.8, not including the rather large holding of options I now have. Which were literally a gift and now displaying over 440% profit. When others were selling PEN I was buying. Not to mention the outstanding taxation benefits I now have that short term traders won't be enjoying.

I agree if you bought in 2007 at the highs and then did absolutely nothing, then PEN hasn't provided a return as yet. On the other hand, if you managed your money and holdings wisely over time, then PEN will now be showing long term holders a damn fine return either realised or in my case as yet unrealised.

I have heard many a whinge about PEN, mostly from short termers with the odd exception blaming me they bought high and held without managing their holdings it seems. Not so long ago something coming on stating "about time I said I had it wrong". To that person, where are you now?

However both myself, now my son and friends around me are displaying outstanding returns on investment.

It isn't easy being a contrarian investor going against the flow, but damn it is extremely rewarding both financially and personally.

Yes...A very big CONGRATULATIONS to all those who believed in PEN as a real company, doing real things, with first class management at the helm. Each and everyone of you have proven every one of the knockers, multinics and chartists with alterior motives and book posting traders absolutely wrong over the test of time. This was always going to happen and I said as much, my timing not crash hot but it is now happening regardless.

Enjoy what is now to come...I know I and those close to me will! For now a nice cold beer to celebrate another step in PENs advancement and another massive increase in my holdings.