february 3m/lb plant for pen, page-13

benny62,

Agreed, a great Qtrly Activities Report from PEN. Their usual high standards with much attention to detail. As good as it was, maybe the buying over the last few days was in anticipation of more, the market works irrationally at times, hence the mini selloff.

The timeframes are long with these projects so there will always be "games" played with the buying and selling on technical grounds, at least until the fundamentals take over.

Fundamentals continue to be sound with PEN so I really feel it wont be long before there is consistent demand for the stock. As Hangseng has stated Karoo is looking better by the day, progress on plant design and monitor wells, increased drilling next month with initial JORC for Lance on track for June... even RakiRaki mentioned with some preliminary diggings for surface data so you would have to say it's looking good for now.

Sometimes a bit of perspective is also needed, we've just experienced a 6 to 7% correction of our market along with world markets over the past week... you would have to say PEN has held up very well during this time, this can often say a lot for the long term picture.

Cheers and haveagoodweekend all.