Corporate M&A

Pen Holders .. I did pick up on the Nth American uranium twitter- sphere last night that something is up at LAM and a comment that they are going to bid for PEN. While this may be hot air, it is worth reflecting on the possibility of a PEN bid happening. There is no question that the Nth American Uraniums that want to scale are watching PEN closely,
If you believe Wayne and team have figured out how to commercially extract Lances uranium and you have aspirations to be or are in the ISR space then PEN ticks a lot of boxes. With the run up in Nth American share values it would be easy for the likes of a LAM to bid 1 LAM for 2 PEN ...valuing us at 50cents per share, PEN has under performed relatively speaking of late but I believe this is set to change with a Quarterly due out this Monday and another FT update in next month or so. IF NOT then we will be opportunistically rolled up into a bigger play by a mid sized Nth American player,