PEN peninsula energy limited

Please school me.I was a holder of PEN, way back before the...

  1. 28,694 Posts.
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    Please school me.
    I was a holder of PEN, way back before the fukushima 2011 U price crash.
    And they were a producer back then. They had already an operating ISL mine at same location or so.
    I sold out of all U stocks at that time.

    So, what happened to all the infrastructure where they were producing ? and why they have had to raise all this money to restart ?

    the chart is horrific.
    https://hotcopper.com.au/data/attachments/6174/6174172-4e58f97426a6ba01a9604c5b4fec4a7f.jpg
 
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