Ripe to launch, page-128

Another terrible stock. It’s peer used to be BMN which has now raced away by order of 4 bags. I remember when these two were prices at 16c each and PEN ran to high 29c and BMN ran to 43c.

Now BMN is back to the high of $4.30 (equivalent to 43c) and PEN is down to 11 c. What a disaster story.

I still reluctantly own it but I just don’t see a meaningful catalyst unless uranium price goes to $800/oz. And even then it may just get to 14c. Investors are staying away. And it is located in a great location.

I think that the problem may be that many are sitting on the sidelines waiting for leadership change at the top.