U price up to 33 month high, page-65

"Nah, the market has been let down thus far by their production numbers........" Refreshing to see honest commentary for a change. Well done MichaelSA.

".....not any spin on social media." I'm to going hazard a guess that someone on here has recently suggested that PEN's image is the problem (not the production problems, not the broken promises, not the missed deadlines, not the crappy investment case that PEN presents, not the SP capitulation) and they need to improve their marketing/visibility/image by using social media. Wow. If my guess is correct, a new depth of delusional excuse fabrication has been reached. I'm not sure PEN would want to be more conspicuous than they already are. What would/should they say? "Hey look here investing community. We made a right royal hash of our first go at producing uranium, but trust us for the next attempt. We've done 2 whole column tests and a handful of lab leach tests. That's more than enough to support our design basis and capital raising requirements." 

PEN should just plod along with further test work, demonstrating beyond a shadow of doubt that the long-term success of low pH processing is assured as far as is reasonably practical. That means many more tests. Including a field leach trial - obviously. A few leach trials would be even better.