Ann: Update on Central Processing Plant Commissioning, page-291

phis...nothing makes much sense until production starts..and cash flow begins.
I've said many times the basic fundamentals are good ..Book Value $1.87/$1.88 good reserves and excellent resources.

Of course the share price will wander all over the place .sometimes offering excellent value at $1 or so and other times $1.50 still good value but nearer Book Value.

Experts tell us the uranium price will rise substantially over the next few years as more and more reactors come on board and with strong expectations in growth from the smaller and faster produced reactors mostly factory built ...the so called modular reactors coming into service .

As I've said before I'm happy to be lazy on Quality,
and let time do the work...good management,good technology, all working with ample reserves ....
CARRY ON PEN!!!

There will be a strong Cyclical rebound eventually in Uranium and yellow cake producers....I'm very lazy on Quality...and as I have said Pen is the cheapest and best "value proposition" of uranium shares on the ASX.
All the Best to All