Jims.. I completely agree with you....as they say often the one...

Jims.. I completely agree with you....as they say often the one you love ...is the one that hurts you most of all..."this could be said of pen!!!"...I think it is just a lovers spat and will pass.

Pen offered the absolutely best future outcome and I think everybody and his dog piled in with Analysts estimates of $3/ $4 and a simply Wall Street projection on projected earning model of $12 plus ...now when every bodies in "early" stocks certainly have pull backs as people get bored waiting and sell but so many "Mums and Dads".. piled in on greed and they all piled out on fear..all driven by price action....as I've said before Price rarely reflects value ...and clearly the majority have changed their mind on pen..and despite most value remaining unchanged ...the price has collapsed in the uranium sector.

Now the facts behind value may have warranted a small adjustment on price of Pen with a lower uranium price but not a drop like this .

Pens value is still in my opinion in excess of $3.. and only time will tell say after 18 moths of production...To start with this Uranium operation is based in the USA ..with wonderful Reserves and Resources and not subject to Trumps Tariffs .

The Methodology being used for mining has been tried and tested by many mines including the largest. uranium mine in the world.Now for Pen to be priced at these levels it would only be justified if the world went into a huge depression...and all the new reactors coming in the next 3/5 years were cancelled...now if that happens ..everything would fall apart and such a dooms day Scenario is not projected by any of the leading analysts.It certainly was with Covid but that scare is now well behind us.The largest Uranium mines in the world are in Kazakhstan and produce 40% of the world supply and use the acid process like Pen is using....so using the acid process is well tried and successful.

Despite the Covid plague and the wars the world is moving on with still good growth in China and India as the Plague has passed and more and more energy is required....and with the projected strong growth in the small reactors produced in factories ..the so called Modular reactors ....large developments are in progress for more yellow cake requirements to produce more and more Uranium ..and looking at projected demand and supply....in the next year and beyond demand for Uranium will well outstrip supply...see the work of the International Uranium Association analysis..who projected uranium prices to move from US$60/70 to US$100.

My view is we have had an excessive negative reaction in the whole resources sector ...with the exceptions being copper and gold ...Copper doing very well and gold likewise .Now copper equates with "strong industrial growth" and Gold fear of deflation and inflation..diametrically opposed.

My conclusion don't let panic control your mind and your investment behaviour ..think objectively....and invest objectively with a three to five year outlook in all your shares.
All the Best to all.