Hi Seubie, I noticed you had a "BUY" sentiment and were holding...

Hi Seubie,

I noticed you had a "BUY" sentiment and were holding PEN back on 16/11/23 when it was 12c

Just curious what made change your sentiment three months later at 11.5c?

(I can't predict daily or weekly SPs but see this a lot higher by year end, so just happy to sit back and hold)

If anything, and this is just IMO, PEN is looking a lot better/stronger now than three months ago

My reasons being:

- PEN is now fully funded.. (CR/SPP/shorters were holding the share price back IMO)
- zero debt
- shorters have exited
- sellers have already had time (weeks) to sell their cheap 7.5c shares.. I would've thought most of the CR/SPP selling would've been done weeks ago
- should be producing by end of 2024 (so I expect a lot of news flow and updates along the way)
- exploration drilling/results (eg Dagger, Kendrick, Barber)
- spot price is now over $100 (and will continue higher).. what was it in November 2023 - $80 ?
- uranium stocks have mainly underperformed the commodity, so I expect some catching up and outperformance of the stocks
- uranium fundamentals (eg supply defecit) getting better every day
- possible or even likely Russian uranium ban coming up
- possible re-rate as we near production (like we saw with BOE and PDN)
- possible new supply contracts being signed later this year

Of course PEN needs to execute (that's for individuals to decide or believe) and all of the above is just my opinion, so everyone should DYOR