Come on phish, stop with the sob story about 1 in 1,00 make it...

Come on phish, stop with the sob story about 1 in 1,00 make it to mining nonsense - it doesn't cut the mustard. If you want to argue that point, just imagine how much money people would have saved had PEN not made it to mining? And others by the way.

How can you justify your investment by saying everyone else is crap? Who cares about everyone else? If the sector was crap post Fukushima, as has been demonstrated for at least 5 years, wouldn't the prudent decision be to stay out of it rather than back a three-legged horse in a donkey race? So you made a smaller loss than others have done. How does that make PEN a solid investment?

Some other comments:

1. PEN does not have a PTM for acid processing - that's BS
2. PEN's great management team have done nothing to earn that title. In fact, since this new management team has been at the helm, PEN SP has dropped by nearly 70%. In no way is that evidence of a great management team. Their last shot is low pH processing and the jury is still out on that one
3. They appear to be funded for the transition to low pH processing. To get to Stage 1 (this should be re-named as Stage 1, take 2), Stage 2 and Stage 3, will require significant capital injection. If you think they will fund this through cash flow, you are dreaming. To get to Stage 3, retail shareholders will be diluted into oblivion. s232 won't help out here.

One question - PEN always quote LTC pricing of $51 to $53 per lb. Why then do they never seem to get that price when they sell their product? Or perhaps that's the weighted average future price?