catch 22, page-20

Whilst I agree that PEN will have a guaranteed market for its product in the form of American uitilities, isn't Germany's eventual departure from the U market, and for that matter any other U consumer, of concern to the extent that it changes the demand side of the U market? Any existing consumer's exit from the market can only be negative for the price of U in what is essentially a global market. And that will no doubt affect PENs profitability and SP. My concern right now is that there's some uncertainty in the market as to where U price will find its equilibrium, together with the general unease of the general market. Will PENs news we are all expecting soon be sufficient to offset those market negatives sufficiently to stop the SP slide and reverse the current trend? Of particular concern to me was an article posted in the U thread about Japan following in Germany's footsteps if the country's power plants cannot secure local public support. I know it is also a possibility that Germany could reverse its decision after the next election but at the very least the damage has been done in the short term price of U. All this could keep PENs SP suppressed for some time even if mining permit is granted. It all comes down to what price PEN can secure for its U as well as market sentiment regarding U companies in general.