long term movement

The movement of pens share price this year has been a disappointment

+the spot price of Uranium has not yet moved north as expected
+the global movement to Uranium to combat climate change at Copenhagan and after has not yet began
+the recent capital raising coincided with world markets falling over because of Europe and the PIGS.This resulted in the share price retracting futher back after capital raising than the norm.

While this movement in share price is disappointing it is understadable because of the stated realities.However one must also look at all that has been achieved by the company in this year.The combined affect of a number of high grade mineral results along with a maiden JORC compliant Resource Estimate,gave us some pretty nice Broker research reports with healthy sp goals.Management has progressed along a timeline to production,first set out about 2/3 years ago and things are moving nicely and getting very close.
The share price has not reflected the progress made by the company and while this is disappointing it is not uncommon on the road to production.The disappointment in pen has been in the share price and not in companies progress or management.
This will change.
All the best to all