PEN 3.64% 5.7¢ peninsula energy limited

Had time to go through this today and some parts stood...

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    Had time to go through this today and some parts stood out.


    Though the below states for the next 5 years, overall ~1/3 of the delivery commitments are optional.


    https://hotcopper.com.au/data/attachments/1339/1339066-4eff2c93d1510e04110a7f62111f153c.jpg

    PEN has been losing money at Lance as can be seen by the gross profit, this was the same in 2017 as well. 


    https://hotcopper.com.au/data/attachments/1339/1339061-ab18b6cb61bb2248ddb69c8f677e0873.jpg

    The below was part of the auditors section which points out that PEN is looking at up to US$25m by the end of 2021 to achieve stage 1 and extra mine units. We have been told that stage 1 will cost ~US$5m with AISC being ~US$40lb. Food for thought I guess.


    https://hotcopper.com.au/data/attachments/1339/1339064-1665293b9dd9c72ca20f1b6b3758786c.jpg

 
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