Agree with Pore that buy levels have now been reached but mainly...

Agree with Pore that buy levels have now been reached but mainly based on industry fundamentals. Some of my reasons for buying back into a few uranium stocks are as follows:

1) There is talk that China could start approving new reactor builds very soon, possibly even by the end of June 2012.
China Mulls New Steps on Nuclear Energy
http://online.wsj.com/article/SB10001424052702303506404577444173316508002.html
2) Japan is also expected to restart 2 reactors shortly most likely before the peak of their summer in July 2012.
3) Long term uranium price went up slightly last week for the first time in a while which may signal that uranium prices have finally stabilised
4)Share prices of some uranium prices are oversold IMO.

More specifically, in relation to PEN:
5) Confirmation of financial support from PALA
6) Confirmation that directors will be exercising all their PENOAs

Risks :
1) Europe debt crisis
2) nuclear accident
3) PEN fails to secure funding