will dfs kicksart sp?, page-67

Purd

I admire your optimism. But until PEN get a few more runs on the board (all permits and licensing, a DFS establishing not only what is likely to be there but robust metrics), it's hard to imagine a stock like ours being at the top of CEO hit lists.

When Charlie made reference to M&A activity, my mind didn't suddenly zero in on PEN. And that would equally hold true for Charlie's. Catalysts, and major catalysts, are needed before PEN can be talked about in those terms.

Therefore, I'd be highly shocked if a bid did eventuate - and at these prices, would any one of us entertain one?

I seriously doubt that.

Lastly, it's time for people to really pipe-up at the AGM (for those going); otherwise, it'll just be more of the recent same.