I think Gus has given us a big hint here on the Brr interview on...

I think Gus has given us a big hint here on the Brr interview on where the next wave of institutional investors are going to come from. When asked about Pen being currently undervalued. Here's a bit of what he had to say.

"Yes I do, but I think thats a function of our shareholder base being predominantly in Australian"


Imo I think we might start seeing some American insto's jump on big time in the new year. Here's a bit more of what he had to say, which for me, was when the penny really dropped.

"And because of the reporting limitations that we have, its very difficult to get across just how progressed they are"

I think the US have a far more strict reporting regime than most. I am looking forward to the US finding out just how good Pens Lance project really is. Then we will see who jumps on and to what magnitude of share takeup goes through. Imo if the big American insto's like Pens story, then a major change in the top 20 shareholders will take place.

Looking forward to the new year.

NK