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01/12/24
12:19
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Originally posted by Lord Bell:
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You3 ..I answered my basic view on the process, much earlier this year, when I said that the Technical and Commercial Expert who joined Pen would hardly risk his Reputation on this project's success or failure if he thought it might fail... "Bearing in mind that Our Expert has worked around the world in a number of International and very successful Uranium mining Companies who are using this acid process successfully" He is very well educated to Ph Doctorate level in mining...Obviously contrary to your opinion I believe he is an Outstanding Expert....and his joining pen is highly significant and a major game changer ...with his education and hands on experience using the acid mining process for uranium...he seems well versed for the job. I have to judge on what's available for evaluation...however you have clearly closed your mind to the trials and to this chaps appointment ..Weighing up all the factors you have decided not to invest...I am happy to admit you are not alone...there are very few ready followers in this stock....there are far more critics and sellers around ...it's been a long haul. This is normal...Like a bull market a very successful share climbs a wall of worry ... Rarely has a share that is finally successful start with a golden reputation and go from success to success...It might prove an interesting study for some readers to go and look at some of the most successful shares in the markets today ..world wide most successful shares have had a very very chequered history.. Our new resident expert's reputation being at stake ,I believe this new top man in Pen would have done some pretty intensive analysis of the facts available and the "Private Material" that the company has gathered on the Reserves ,Resources ,Acid Process Technology and Trials , I would say he has done "intensive due diligence" ...and I have to accept his Education ,Training and Experience are vastly superior to mine and perhaps to most peoples and his joining Pen, is a sign ,I believe, of a very good chance of success. However I'm happy for You to call me a fool ..you are entitled to your view....but if you are wrong and all is finally successful ...please show you are a person of integrity and honour and give me an apology...thank you. Now I would add for readers that an intensive and in depth analysis of Pen by Simply Wall Street has come up with a revised estimate of fair value of $12.36 which I am happy to accept.... It would be very interesting if there is a Merger,Acquisition or Takeover. What would the bid price have to be?I leave you to speculate? All the Best to All.
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