PEN 1.08% 9.2¢ peninsula energy limited

bgp equities commentary august 2010 (91.13 kb), page-23

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    Sircorp,
    there is no U boom,quite the opposite,we are (hopefully)at the bottom of the cycle.There is expected to be sharp rise in demand for U for various reasons and we are positioning ourselves for this anticipated rise.
    The share price has roughly followed the dow/asx/Uranium prices,so that may be a disappointment.On all other front pen has performed well.
    Permits are a very important factor and a nice precedent has been set which was pointed out by Yuro.You must find that good news and reassuring to pen holders
    All the best
 
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