March Top 20, page-44

It's simple in my view tutes.

PEN needs a robust U market for its share price to perform. Just like every other U miner (including ISR miners) whose shares are close to historical lows. PEN has a good resource and mining team but it needs more buyers and at profitable prices.

The key discussion centres around when buyers come out of the woodwork in volume and how much they push up the U price (and making sense of all the complex variables that determine this). And how long you want to have your funds tied up in the wait. The latter will depend, in the main on how long you perceive the wait to be.

Of course, a decent takeover offer could bring the potential forward.