Ann: A$106 Million Fully Underwritten Equity Raise, page-126

No one can predict share prices, so nothing is guaranteed, but it's a smart move moving profits from big caps into smaller caps IMO

Big caps have already risen a lot, smaller caps have yet to move.. HISTORY tells us that this is the case for the uranium bull run (big caps move first, small caps move later)

I hold DYL, but the company along with BOE and PDN are sitting at DECADE highs

PEN has underperformed those stocks, but should outperform them if the "smaller caps move later" theory/history proves correct

PEN market cap $300M
PDN market cap is $4.7B
BOE market cap is $2.2B
DYL market cap is $1.6B

In my opinion, because PEN is getting into production end of 2024, fully funded to positive cash flow, based in US, it will more likely 5x its market cap to $1.5B (which is currently even less than developer DYL RIGHT NOW), rather than PDN 5x its market cap to $23.5B

All IMO.. nothing guaranteed.. DYOR