Ann: PEN delays Production & Accelerates Inhouse Resin Processing, page-190

It's not just 'delays' to production, they need to build a bloody mill first and no idea how much that will cost or where the funding will come from. This was supposed to be stage 2, so you would think that they had intended to part fund this by money generated from production, market is expecting a raise I would think. On top of that, they have contracts to deliver x amount of uranium but don't actually have it, so they are going to be short some unless they can defer deliveries to another year etc. Not to mention faith in management has been destroyed by this monumental oversight/risk of having the viability of your production being held by a competitor.

So yeah not desirable but there is a bit more to it than just a delay.