1/12 nrc adams update, page-46

"If others wish to buy a stock then proceed to bag that stock constantly then good for them. I won't be, not with PEN nor any other stock, it is simply foolhardy to do so"

I agree with you on that HS. I don't know whether you are including me as one of the 'baggers'. You probably are based on a few of your posts - but you would be wrong. I have not once 'bagged' pen as an investment - or even pen the company. I am still very hopeful of the longer term future. I believe U will make a comeback and then grow. I believe that pen will eventually get a project up - but probably dependant on a considerably higher U price and quite a bit more resource conversion.

My 'bagging' focus has purely been on management - for all the (very avoidable) mistakes made this year and the way that shareholders have generally been treated with contempt. As the issues have worsened, over the latter half of the year, I and some others have become, reasonably imo, more critical.

Sure, I am less confident in the company's position because of all of Gus's mishandling and backtracking but that is no reason to 'bag' the company.

But, at the end of the day, there is no point in proponents of opposing views just sounding of 'at' each other. If we can't talk 'with' each other, perhaps there is no point in talking at all.

So I'm going to take a leaf out of Agent's book and take my leave for a while. I doubt that there will be much of interest to talk about anyway for a few months. Accordingly, I wish everyone a happy and safe holiday period and also the best of luck with their investments - including, of course, pen.