PEN has been bashed to a downside that was almost unimaginable to the company, shareholders and stakeholders.
Via this release we can now start to better understand the complexities involved with Samuel and the handover, they have pushed back on the piping issues and incentivised Samuel's with a milestone upside if they deliver the Yellowcake by 30 June. Importantly we can see the Cap Raise is nothing like the last one and PEN just needs to now finalise the Production Guidance and the Sales Contracts in that order. The finance will easily fall into place after that. All the positives as @Dante98 has factually identified, all the pain as You30Ate has slapped us in the face with. This post IMHO.
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peninsula energy limited
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PEN has been bashed to a downside that was almost unimaginable...
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