PEN peninsula energy limited

Ann: Quarterly Activities Report, page-2

  1. 3,452 Posts.
    lightbulb Created with Sketch. 769
    nothing new in the report that hasn't been announced already

    but certainly makes for positive reading:

    • Test modifications have delivered favourable results
    o Modified test patterns improve response time
    o Target pH levels are close to being achieved
    o New oxidant is delivering results
    o Uranium in recovery solution increases

    Uranium sales activities forecast to secure net cash margin of US$8 million to US$9 million
    in CY2022 (that's on top of the $6M-$8M it will receive from uranium sales this year)

    It's nice to be receiving incoming revenue and not doing capital raises like the other U companies have done in the past week-months. Unfortunately, CRs can't be avoided because the explorers/developers have no source of incoming revenue.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.