PEN 25.3% 6.2¢ peninsula energy limited

Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-127

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  1. 9,798 Posts.
    lightbulb Created with Sketch. 1055
    Matty didn't ask about what will happen to the contracts (650k lbs) for 2024 and 2025....??

    Wayne said they could sell the inventory's they hold, but wouldn't it be needed to fulfil contracts as any meaningful production wont happen untill late 2025 if all goes to plan... or are those delivery contracts canceled ???

    Also going straight to new ground Mine unit3 when the back end plant is complete and not mine unit 1 and 2 which are mostly depleted.. So is this why in a interview early this year Wayne said PEN will purchase lbs on market,.. clearly to fill the lack of lbs coming from unit 1 and 2..
    After that interview Wayne did a number more interviews BUT never mentioned purchasing more lbs, nothing had changed so did Wayne know something from that point on..

    Now Wayne is saying PEN has time on its side to come to the market and raise cash,... mmmm to that is PEN waiting for a hostile M&A..??
 
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