Ann: Half Yearly Report and Accounts, page-12

A mystery financier, or fancier, would be a fine thing. It got to 4c on the drill results, I think it could do a lot better than that if they have finance. Remember it's near surface and has a 2 year payback. The market cap is only around $7m, and the project had a valuation at $109m

There is also a significant difference in what was released in the speeding ticket v what was released in the quarterly. The quarterly stated;

PNX is currently in discussions with several parties regarding
potential transactions related to funding the Hayes Creek Project.
These discussions involve a range of funding options, in addition to
equity, including joint venture, metal streaming and royalties

whereas the speeding ticket had;

These discussions, which are ongoing, involve a range of funding options,
other than equity, including joint venture, metal streaming and royalties. There is however no
assurance that any of these discussions will result in any binding agreement being entered into.