Markets do not like uncertainty and PEN has plenty at the moment.
This quarterly didn't provide much confidence IMO, and the SP has reacted accordingly. IMO, odds are SP will get worse before it gets better.
"We anticipateproviding the market with regular updates on our progress and a high-level timeline and cost expectationsby the end of August 2023". - I hope this includes updates on the supply delivery contracts as well. Track record ain't great with timelines stated by PEN IMO.
Yes, the resin processing agreement is commercial in confidence with UEC, but I would have liked something more around it, for e.g., we contacted UEC to try and understand etc etc or something else.
GL to all
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