Ann: Company Presentation, page-41

PEN has been the most CR dilutive Uranium stock on the ASX and that not counting the dilution of the contracts cash over the years with no added value to its SH.

The first lot of FT was tweaking with the chemistry with no real success as the recovery rates were still poor, the dramatic (not tweaked) move to one off short distance circuit FT was to reach acceptable recovery rate,.. it became a timing thing to restart that was based on need to fill contracts obligations on Lance produced Uranium and time was running out to raise the funds required and prepare the new mine wellfields among other things like acid supply and logistics ,...IMO

From the announcement ""The balance of 3.0 million pounds of firmly committed sales from the second half of CY2023 are to be supplied from Company produced uranium"" ..

Will PEN keep using a short circuit in the new area at a higher cost or try to spread the wells again with unkown results for more cost effectiveness,...????

Will SH see any benefits from the CR of the purchase lbs or the DoE 300klbs contract or will it be sunk into company with no or little SP movement,..???

Retail investors must be starting to feel like cash cow, think we can see who making a nice % from last CR,..