Ann: Lance Project Update and Conference Call, page-78

If Pen can prove the economics of the project i really don't see the need for debt funding now after the share consolidation and plant is already built equity funding is more suitable at this stage,.. also needs to be done n dusted as soon as recovery results are known so the market can move on and not have funding holding PEN back, uncertainty is never good on any stock.

Wasn't the idea of debt funding to build the plant....its done

Better off using any revenue (all going to plan) on the Ross production area and the Kendrick development area than paying off debt.

Only my opinion.