pen is ok, page-16

I don't think I missed anything Magadan.

JJ mentioned a period of 2 months and he was correct and you mentioned EXT was excluded, suggesting a skew of the data. To oblige, I did a comparison over the last 12 months again and this time included EXT, clearly showing no skew is indicated.

That was all, nothing more nothing less. If you were alluding to other than EXT in your previous post then yep, I missed it.

But PEN' performance over the last year has been just fine in comparison to others. Over the last 3 years it has been a very bumpy ride indeed. If you bought at 6 last year and are now sitting on a paper loss (or worse a real loss), then you probably wouldn't be to fussed about PEN right now.

However I won't pass a final judgement on PEN until the key milestones are reached. If PEN remained where it is now, then and only then would I agree with what you just said.

Until then PEN is OK ;)