Thanks Yuro, how good was that on all fronts. Was actually in Perth working on Friday but couldn't get away. Next time I am there I doubt that I will have to be working, thanks to PEN.
I liked the no comment on the acquisitions - usually when you ask about something they are not doing they say things like "our priority will be ..... this year" or "at the present moment we are focussing on this or that" but not ruling out the possibility. A flat 'no comment' says volumes in my view - purely speculation of course.
I can't believe they ticked all boxes so perfectly, proactively and so well timed and coordinated with their overall plan and what is happening in the world of energy production generally - the team they have just ooze professionalism and technical ability. I couldn't think of much that wasn't covered other than the changing climate towards uranium. Check Ross Garnaut's comments last week and the science released also last week that shows that similar periods of global warming in the past have resulted in much greater sea level rises than have been predicted to date.
Also, the price of oil is likely to start rising rapidly if the Egyptian instability starts to spread in the Middle East. Couple all these things together and the 10-30 year horizon for U will start to become much shorter as the panic for a fast shift to non-carbon dioxide producing power generation starts to grow. That's what I believe it will be - a panic - as the cost of the current fossil fuel driven system starts to rapidly impact our viability as a specifies through both climate change and food security (which are inextricably linked).
Not wanting to seem opportunistic though, I still have to say that if PEN is 25c by the end of this year, I will be handing in my resignation.
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