value

Amazed at the negative response to PEN's latest acquisition. They now have two sites on different continent where mining is allowed. The Austrlian assets are a bonus and can sit there until setiment and policy change. In the mean time they have the opportunity to consider their options in regards to getting a mine off the ground. I believe some of the downward concern apart from yesterdays correction may be due to the fact that they will doing a capital raising. This is unlikely to occur at least until the deal has shareholders approval and at a significantly higher price than where they are now. To do a capital raising at this level would be sheer stupidity. Once they have some significant results which will impact positively on the share price they may consider it. When comparing PEN to DYL or BLR as far as value for money goes and future potential PEN looks extremely attractive. LOL