Factual information regarding positive developments since trading halt.., page-6

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ducktails

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11/06/25

12:55

Post #: 79391574
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Originally posted by Dante98: ↑

There's some people on this forum that keep asking what the positive developments are when I mention them.. This thread is about what we know from PR at this stage after the trading halt/suspension. So all speculation put aside..

Facts: PEN stated that:
They don't expect delays regarding first production of dry yellowcake in June.
Only $1,5M of the $4,6M provisioned was used to meet contractual obligations in June.
Kendrick Area now fully licensed (That adds real value to the company!!)
There were no real technical setbacks.. Some te issues, but they said they're expected be solved before commissioning of the CPP.
Storage is full of loaded resin.. Overall that should have been more in terms of captured pounds of uranium, but they can't process it yet untill commissioning of the CCP, so starting on June from what they project.
CAPEX almost completed.
Still $24M in cash for future OPEX
Delivery schedules are being revised at a moment to align with the revised (downward) production schedule.
Uranium spot is still reasonably low.
The require Capital on the short term.. Their goal is a credit line in order not to dilute shareholders.
Matters are open to discussion, but not in term of credibility or other non-factual speculation..

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I don't care to see Pen kick start until all problems are ironed out, there will be a lot of negativity out there , so a couple of bumps will affect Pens price . A smooth restart is so important.
PEN Price at posting: 62.0¢ Sentiment: Hold Disclosure: Held
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Last 62.0¢		Change 0.000(0.00%)		Mkt cap ! $98.97M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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