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25/05/22
12:24
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Originally posted by alphaduck:
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It is worth noting that gross revenue is not profit so a high revenue number could be essentially meaningless (It is not difficult for a company to turn over capital to inflate revenue without generating profits), I don't think it is in this case but it could be for any particular case where someone brags about how large their revenue is. He also has not taken the possibility of another raise off the table. However under the right conditions I would welcome another raise because it would mean expanding the restart to or near the licensed capacity. The right conditions being a lack of substantial increases in operational costs and a continuation of rising uranium prices. Thats what we want and if we get it I would not be surprised if they want more money to grow. I'm not at all upset about the last capital raise PENs balance sheet would be much weaker if it did not happen.
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I'm on your wavelength alphaduck.