PEN 0.52% 9.6¢ peninsula energy limited

Ann: PEN delays Production & Accelerates Inhouse Resin Processing, page-20

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  1. 1,039 Posts.
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    So here's my thinking: they could have continued on with the restart and used UEC's resin facility for another 9 months (as that was the termination notice requirement) and made money on the pounds they produced in that time. Instead, they chose not to restart having done the sums and seen it better to stop using the external facility now and advance their own facility so that every pound they would have produced 'now' has a higher profit margin 'later' from using their own facility and it was money they were planning to spend anyway. That's what I'm hoping. If so, long-term it's a good move, but short-term pain with the SP. I bought more today.
    Last edited by Fernit: 19/07/23
 
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