Ann: Retirement of Non-Executive Chairman and Appt of Replacement, page-17

Let's look at the bigger picture here. Heili may well have the technical smarts but as CEO was largely responsible for PEN continually missing targets with consequential SP impact. With Frederic Guerin now settled in, it's safe to bet Wayne is not "jumping ship", but that his role is now superfluous, especially when you look at the leadership changes underway.

David Coyne is an excellent replacement for Harrison and in the current context, it's a positive announcement. This is not as a company in distress, but one undergoing the required steps to become a producer in the near term, capable of managing the funding side in the interim, to fulfill it's place in the upcoming uranium cycle.

If one doesn't feel comfortable about the medium term prospects for uranium, probably should move on IMO.