I think we will be right. The pounds are still in the ground &...

I think we will be right. The pounds are still in the ground & we are very well progressed with permitting. Current markets are very volatile and people aren't willing to put their hard earned on the line.

Euro debt crises is dragging along bringing everything down with it atm. When it's finally solved calm should return to the markets and riskier assets will be in favout again. Based on 95% of the analysis U price will start to improve and many U stocks will run with it.

Understanding there are a lot of assumptions here but fast forward 4-6 months and we should have permits, Euro should solved/plugged, U price trending up, costs optimized, more resources proven....and with all this funding should not be a problem. Until then who knows what the share price will do but I sincerely believe that in 4-6 months things will be a lot different.

Sure the drifting SP is disturbing and mgr performance over the past yr has been sub standard at best but I continue to hold as I truly believe the market can't ignore what PEN has going on.