Ann: Annual Report to shareholders, page-27

Issues I see here are management credibility, access to funding, and the level of any dilution to shareholders. There is risk, but nothing is risk free now is it. It depends on your risk appetite. The positive here is the U sector in general. Can PEN capitalise on it, that's the unknown.

would also like to understand the reason for UEC walking away. Doesn't seem to be enough info on that. Is it a UEC issue or is it a PEN issue. Would love to understand that.

also where does PEN stand regarding inferred and measured resource in relation to its US peers?

$51 all in cost of production? How does that compare to others in the industry worldwide (exclude Russia-China sphere of influence). It looks about middle of the road, so they probably need a U price over $80 long term to generate a decent IRR