Ann: Exploration Manager Appointment , page-8

Thanks for your honesty paul h

Sure PEN has had a nice run in the last couple of months, but they are still trading at a similar price to where they were post Fukushima and are still yet to eclipse their post Fukushima high. In fact this time last year UNX was dropping from this its bizarre 2010 Xmas price rise and closed on .67 on 9 Feb 2011. It's now .34 or there abouts. About 49% drop.

PEN on the other hand closed at .13 on 9/2/11 and is now .067. A drop of about 48%. 1% different and you call that streets ahead? It's as close a race as can be and I would have expected more thorough research from a man who writes with the air of self righteousness. And let us not forget that PEN has over 2 billion shares on issue and has gone to the well in dramatic fashion each year. I don't see much difference in their announcements other than PEN using feet rather than meters to make their intersections seem larger. That only fools the fools.

PDN closed at $5.30 a year ago and was last over $2.00 at the beginning of September. PDN down 65% from it's price a year ago.

BLR has fared slightly better over the last year but has still been pretty much ranged bound, albeit a more fluctuating range. It's only just got back to where it was 6 months ago.

Granted these are only statistics, but it's prices that tell you whether you've made a loss or a profit at the end of the day. I've been a PDN shareholder since their October low and happily hold them for the foreseeable future.

Don't know much about PEN and BLR and am sure they are well run companies in their own right. I'd only question their need to continually dilute shareholder value by having to raise hundreds of millions of new shares each year to keep their operations going. They are both still penny stocks at the end of the day and I'm sure that the analyst friends you speak of would warn you away from either of those companies as they are not investment grade and would struggle to fill a mandate (IMA) requirement...either would UNX, but that's a punt that I'm happy to take.

But good luck to you in your ventures. I wouldn't dream of leaving a diatribe of desecration on stocks that I don't hold for no apparent reason. Perhaps you should re-visit your list of motives for venturing onto this forum as you don't seem to add any value to it.