Ann: Low pH Field Demonstration to commence at Lance Projects, page-18

Evening Guys,

I figured I'd out myself as now being in You3OAte's camp ... not an expert by any means, but I am focused on a number of different themes in this U sector, and a company specific operational turnaround is not one of those themes.

I originally invested in PEN for the potential S232 outcome and decided a while back that taking on board the additional risk of a Company turnaround, including an unprecedented permitting change, was not what I should be doing.

If PEN successfully execute their transition then there will be good returns for investors, but do take into account that Phase I is fairly marginal relative to the risk and Phase II+ will require a fair bit of capex.

UUUU, URG and a bit of UEC for the S232 theme.

Athabasca plays for the quality Western domiciled development plays

PDN for the idled, proven, permitted near term producer with some BOE thrown in for good measure.

U via YCA and UPC for the very skewed risk-reward 1-3 bagger

Truly speculative explorers/ dross down the track when punters are getting all crypto/ cannabis on the sector ... but not yet.

Cheers
John