So these are all the positive developments after the trading halt:
- Kendrick now fully licensed, which adds a lot of value to the company.
- PEN can deliver the contracted uranium in June.
- PEN reconfirmed commissioning of Central Processing Plant and first production of yellowcake within the next few weeks (June).
- Maintenance program is being implemented and they expect the flow rate issues to be solved before commissioning of the CCP.
- Once commissioned the CPP can immediately start processing loaded resins that are stored.
- Meanwhile MU3 is being pre-conditioned.
- President Trump signed executive orders seeking to jumpstart the industry. That could result in a grant/loan on the short term.
- Germany drops opposition to nuclear power in rapprochement with France. That will result in a higher demand for uranium
- Zero debt
- Sufficient (short term) cash for operations.
Now he waiting is for a realistic production guidance that will most likely be released when the CCP is commissioned. So bit more patience, but nothing alarming at this stage. What the market does in meantime is irrelevant.. The renewed focus on uranium will even attract more buyers..
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peninsula energy limited
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So these are all the positive developments after the trading...
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