Peninsula was a bet on new, low-cost uranium production coming online even as uranium prices soared. The company was an unusual bargain because its plan to use an existing processing plant nearby was torpedoed when that asset was bought by a company that wanted to use it itself. That was no fault of Peninsula's, and management had a plan to build their own plant quickly and at a reasonable cost. So, I bought. But then the company suffered delays, cost overruns, more delays, more cost overruns... and frankly, management threw shareholders under the dilution bus. Enough was enough, and I exited. The potential for this company to deliver in the final reel is still there, but when a team fails repeatedly, it's best to take one's lumps and move on. So, I did.