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11/04/24
12:44
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Originally posted by CB00
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PEN has been such a dog of a stock, reset your expectations for PEN and you will be less disappointed.
I particpated with full allocation at the SPP. Avaraged down. Still yet to exercise my options. Like some others I too wish that the SPP was fully drawn down at the time without a scale back. More SH dilution wont go down well at a later date.
I dont expect to hit 4Q24 production either, more like 2025.
I would not own PEN in isolation in the Ur universe. So many promising ASX and abroard projects.
My confidence in PEN is only as an optionallity play based on its miniscule MC, USA location, proximity to the DOE and the stones throw to production.
..... and of course the overall amazing URANIUM thesis.
But every dog has his day and im sure with a few more fumbles of the ball we will get over the line...... eventually..
Good luck holders.
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Always hoard a laggard within a super bullish sector. In this case laggard Pen versus up high Uranium basket. That’s a bargain.