movement at last

It looks as though the few faint hearted "sell at any price" holders have been taken over by those that have looked at the quality and assets of PNN.
Not only have the directors been realistic in putting Crocker Well on hold at this time of low uranium prices and high $A/$US exchange rate but they have accumulated about $8million in cash and $6 million from Sinosteel for exploring Curnamona province without excessive dilution.
My interpretation of this is that it gives the share a cash value of 17cents so that Nickel tennaments and exploration in the Musgrave, gold in Queensland and iron ore in W.A. is thrown in for next to nothing, yet RCR gave these items a value of 22cents in Aug 2009.