the big psychological change when investors want to enter the u...

the big psychological change when investors want to enter the u space, is which company has jumped over all its hurdles, and entering the developer status.

All explorers are speculative.

PEN can attract larger investors, who simply wont touch the spec end.

Most super funds etc, are conservative in nature.

PEN has then, both boxes ticked.

It can attract conservative monies, and speculative monies,

as the take over valuation for the SA assets, not at all factored in, would be hundreds of millions, and i find that the MRU takeover for 1.16b compelling reasoning for only 65m lb resource in 2011.

http://www.asx.com.au/asxpdf/20110131/pdf/41wgj5mpsr3ql9.pdf