Peninsula Energy (ASX: PEN) - Cast light on the shadow's long
Matthew Gordon, Ptolemy Capital
Interview with Wayne Heili, CEO of Uranium company, Peninsula Energy Ltd (ASX: PEN)
We catch up with Peninsula Energy CEO Wayne Heili. He tells us that their long-term uranium contracts are contributing with a net cash flow of $4-$5M this year and that they have enough cash to take them through to Q1/20. Recent cost-cutting involved closing the Australian office. Heili is based in Wyoming as is their project. The ASX listing may benefit from a listing on the NYSE but the current operation is only A$30M so that will not be imminent.
Peninsula Energy has changed its technical solution for their Lance Project. They are now looking at alkaline ISR to release the value. Heili explains how that decision came about and how he believes it unlocks real value for shareholders.
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