termination of share placement , page-137

I agree that this is still a long term buy. I can't see what has altered is significant or game changer.

I get a little riled when things come out of left field as well, however I never got into PEN because Nucore came on board (in fact I couldn't get comfortable with why PEN bothered, other than a tightening market for borrowing & contacts via the Nucore relationship, but was it worth the outlay, looks like we will never know).

Some good reading on the thread re conspiracy (board disagreements, conflict of interest, business case not to proceed due to pricing...FWIO Gus did a good job protecting us on the downside one would have to agree.)

If Nucore want in then they will buy on market now & take a position.

However, it's business as usual (for the long termers), traders et al it must be killing you for the opportunity costs that are flashing up on your screen. Even the blue chips have had a 10-30% turn around (eg Wbc $18 to $23 in a matter of weeks). But we are looking for more (at least I am).

The uranium hasn't washed away in the last storm, the check list is still being progressively ticked off. JORC compliant & reserve estimates are there (remember how you felt when the increased resources were published)

Other than a DFS which was (in hindsight) trying to come prematurely into this world in the worst of market conditions, it's still game on.

If you weren't in PEN now, knowing what you now know, would you buy shares & therein lay your answer to your position going forward. If you see this enterprise folding why continue to hold? If you see it hitting it's markers & being a success then buy.

No need to say which paddock I am in.

(Dismounts soap box) :)

M