Ann: PEN delays Production & Accelerates Inhouse Resin Processing, page-143

I took a breather from posting for a while it was getting toxic but was always in the background

business is ruthless if you rely on your competitors for your business to operate expect the unexpected !

I hold i nice chunk of pen a hold position and a trade position
with the news about the delay I had no choice but to short my trade position 1st day
the last 3 trading days pen went from .18c to close at .11c loss of about 38% at what I think was already a undervalued company compared to peers did buy back some and there is money to be made if u believe in uranium or not

Some want to compare as to who is the best uranium company ( who knows ) it’s always the experience they say haha
the Uranium Messiah who we all know steered Paladin from rags to riches and back to rags !!
I know Paladin better than most first buy in 2002 under .02c made many many bags but left many $m on the table
and watched ..went to a high of about $10.80 the sector started to cracking and Fukushima gave it the final blow

the Messiah was invincible before Fukushima borrowed and leveraged high dept buying uranium companies
at the top end prices !!!
summit and deep yellow to name a few the uranium price went south and so did the sector
and was not economical to produce anymore
and borrowing to pay depts dried up no more easy money the financial crises took care of that !!
Paladin who was invincible went from over $10 to about .10c and the worst was yet to come it went into a trading holt !!

the slaughter house was coming the Chinese who lent money wanted all of langer Heinrich in the meantime the Messiah
went out the back door into the sunset it was a 11th hour restructure deal to save the company the Chinese took 25% of the mine fire sale of sellable assets etc
share holders took the full hit !!! for it to come back had about 97% of there holding shares vanish in other words example how this game can eat you alive if you where unlucky and to buy at the top
buy 100k shares at $10 cost is $1m watch it go to .10c $10k a trading holt and then have 97% of that gone and only worth about $300 bucks only confetti now that’s what I say is going from top to bottom !!

with that said experience hope does count because you always learn from mistakes. Yes no Maybe ?

imo Dyl is overvalued hiped up party stock but does have strong backing but needs many $ which will be harder to get in these economic times as well as some funds never forget !
In the meantime it will keep burning cash until the right numbers are reached ..


anyway its a setback for now but still more advanced than the team with experience and will make pen stronger in the longer term

this is just IMO
the stock market has oceans of money that can be made and well as be lost
good luck to all ..