PEN peninsula energy limited

Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-18

  1. 672 Posts.
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    I am out. what a shit show. to go from being ready to restart and cash flow positive in short order, to over a year away and requiring $95m USD over the next 24 months. all because of poor risk management relating to a critical contract for a key input. a sale of the asset to UEC could potentially be something that is more in favor of shareholders right now. the dilution that is likely going to be experienced through multiple raises knocks the value out of the proposition. as always DYOR, and good luck to anyone who continues to hold.
 
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