THE SQUEEZE IS ON, page-690

PEN is no guide whatsoever - PEN has been poorly managed imo

PEN relied on third party processing to get into production - and the 3rd party subsequently withdrew from that agreement

never the less relying on this 3rd party processing facilities PEN in their wisdom then forward sold 1/3rd of their production for circa US$50 lb (terrible for shareholders with uranium now pushing US$80 lb)

DYL has not forward sold any production so shareholders stand to benefit for the rising uranium price

PEN was forced to raise capital (diluting shareholders by 40%) because they now have contract obligations to fulfil

DYL don’t have to raise capital, so next time do more research - even the basics looking at DYLs average cash burn (excluding one off stamp duty paid on the Vimy purchase) verses cash in the bank would have shown you that there will not be a capital raise anytime soon

again as for PEN there is no comparison whatsoever that can be made - PEN have their back against the wall with contract obligations (forward sold at US$50 lb) they are now obliged to fulfil