PEN Short Squeeze, page-77

The spot price has doubled in 6 months and PEN SP has almost halved. It does not matter how much the spot price rises PEN is limited by contracted prices and production delays. I am sceptical about the proposed production by end of 2024. A poorly drafted processing contract led to 12 months delay.

There are always production problems that cause delay. These are expensive.

On the bright side, if PEN can get their act together they might be able to hire a good lawyer to get themselves out of awful supply contracts and into ones with no ceiling then the sp will rise. I expect spot price to double to $200+ in next 18 months but thats no use to PEN unless they are producing. Also they have issued too many shares.

USA Government buying will be a big help.