Peninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF) - June Handover, Commissioning Still Due, but Lower Production May Persist - Research Portal

Peninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF) - June Handover, Commissioning Still Due, but Lower Production May Persist - Research Portal

Peninsula Energy provided construction and corporate updates while its stock remains halted. This update raised some red flags including Phase 1 plant damage, payout to its main contractor, additional management turnover, plus the market may not appreciate the lower expected guidance over an extended period. We did assume production reductions but they were dominantly during CY25 and CY26. It looks like we should also expect a lower run rate in C