PEN chart, page-10

Investors have good reason to mistrust PEN. They went into production with a process that proved to be uneconomic and it has taken them years and M$ to establish new processes. Fortunately for them they, had offtake agreements that they could supply from purchases on the spot market but this still did not allow them to make a profit.
I took a loss and sold out some time ago.
When the latest DFS was published, I considered PEN was already valued at the NPV and so it had become a play on the uranium price. However, with the latest fall-back in SP, I have bought in again, as a short term investment. Obviously, it remains a play on the uranium price but at least there is more room to make some gain.
All the best to every investor.