Have to remember they are a producer that had to build a new mill due to UEC pulling their own mill contract. Mining is difficult always unforeseen problems and PEN certainly has not handled well communications or the whole situation.
Full years 2025/2026 production has to be impacted significantly due to delay. but the only consolation is that the resource is real, Kendrick is licensed. still on track it seems to be producing Yellow Cake this month.
I am expecting a significant price hit but LT they are only one of 3-4 licensed productive mines in USA.
Have to see if I participate in any fundraising, I suspect not but happy to hold what have.
Have to remember they are a producer that had to build a new...
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