More M+A activity in the Ur space is inevitable as expected rising prices focuses board's attention on growth, whether organic or by way of acquisitions.
See trading halt for PDN today (mkt cap $4bn nearly).
With development risk still in train here at PEN (execution and technology), still too early.
But the first sniff that PEN have got it right, expect the ruler to be run over us.
Consolidation should be good for all. Be great to see what multiples are being paid!
PEN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
