Phish, you have been for some years cautious/ sceptical of PEN management and the commercial efficacy of the host formations containing the uranium....and correctly so. I can't tell you how disappointed I am in Managements ability to find defeat in the jaws of victory. I have made it clear to Wayne/Pen that its all very well highlighting 200 years of technical skills at PEN, but my observation is that SO WHAT ..when in my opinion there isn't a modicum of business smarts to speak of. We are in a running bull market for uranium, so even Pen will rise... and with a bit of luck there will be a bid for the company (hopefully at much higher levels) I'm watching this out of the money contract book and the BS that its been sorted/ deliveries delayed on mutually agreed terms. I see our inventory has been monitised (line in asx release) in most recent interview I note a comment that. our inventory has been delivered against 2023 contract commitments. What it probably means is that our Inventory has satisfied a contracted price well below market ..I've asked Pen to comment on this but no response ...can you shed any light on what the position is on Inventory?
PEN Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
