Hey Trees,Yeh, Not sure how it works either, something to do...

Hey Trees,

Yeh, Not sure how it works either, something to do with kicking in once 20% or more is acquired. Maybe the more learned can answer that Q. better.

But what I took out of this announcement, is that with a lot of uranium companies heavily beaten down share prices. The good companies with potentially long futures are getting very concerned that they will be gobbled up at too low a prices(Pen being no exception). I could imagine shareholders would probably still do very well out of any early in the piece T/O as such, but maybe thats nothing compared to what they would make in the long term. Thats how I read it anyway. Still in saying that, If they are getting worried about T/O's then I see that as a positive sign.

Yuro, another good find, good to see them thinking ahead for any possible obstacles, this is what you would come to expect in a well run company. These sort of pro-active steps just re-inforces my decision to hold for the long term.



NK