PEN is not ready to mine phish. The rest of this year will be consumed by 'derisking' activities. Then they've got to find $20M for Phase 1. Then they've got to implement Phase 1. So a long way off until the first pound is extracted.
Plus the small matter of contract monetisation to be resolved by end April, failing which they need to find $17M by end October.
All the above confirmed in half yearly report. The "Going Concern" section of that report is rather concerning for PEN shareholders don't you think?
Meanwhile the SP continues to get pulverised. Raising funds becomes harder and harder.
PEN is not ready to mine phish. The rest of this year will be...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $254.3M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $1.704M | 14.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1054391 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 3670472 | 37 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.005 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 12.0¢ | 11.0¢ | 6865378 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| PEN (ASX) Chart |