One fact that I think has not been clearly expressed in the current debate is that PNL now has 90% of the Poplar Grove development on a fixed price basis.
The risk of further construction costs is largely therefore not with PNL, but with the service providers contracted to perform construction.
So, would suggest this is not a particularly relevant concern in relation to PNL's finances.
Any money raised from US listing would not be for the fully funded Poplar Grove development.
Whether it could be used for Cypress or other growth/acquisition opportunities is an exciting question to ponder.
PNL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
