PEN 1.37% $1.08 peninsula energy limited

Ann: Lance Projects March Quarter Operating Performance, page-13

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  1. 2,983 Posts.
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    Accept the "transition" statement for what it is Mudguts. A sweetener to make the bitter pill of shitty production taste better. 12% improvement on SFA is still SFA. Since the day of PEN's mea culpa, they have been in transition. A bit like PEN has been in transition of being cash flow positive for 2 years.

    Low pH is years away still. A foregone conclusion, it is not (certainly not technically).
 
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