looking at yesterdays announcement

Just re-read the announcement with these parts of interest to me:

1) Advancing the timing of the maiden resource (late Apr 2010)

2) Bringing forward the completion dates of the PFS and FFS

3) Extra drill rig at Barber

4) Advanced negotiations on securing further strategic holdings

5) Testing 10 high drill targets at Karoo and start drilling before mid 2010 (Apr-May)

To me this sounds like more money being spent to achieve their goals. Is this a bad thing? Not at all.

Atm PEN has ~6.5m including commercial bills

Like others I am a bit confused as to why they did not wait until the JORC, however, PEN has served their shareholders so far.

6) Money for Raki Raki?

We will see on Fri before 10am (hopefully) all the reasons, however looking at the facts from yesterdays announcement, I think it is going to be a normal cap raising.

I could be wrong, and if I am, so be it.

Looks like I may be starting to put my 2 cents into PEN once again.