Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9

It is the second thing you thought.
They are maximising the worth of our 'drill ready targets'.
It's going to take a lot of work and time for the big boys to find new projects to bring online. We are the best option for a large player because they can take a piece or buy a tenement and go to town straight away.
And yes, by andrew waiting until after the KAP and Cameco downgrades, he is doing us a huge favour.
Just like John on DYL, patience is key in uranium because uranium is not like any other market and we are finally in a sellers market. Not a buyers market. We set the rules, not the other way around
Utilites and companies want uranium and uranium targets, and for that, they are going to have to pay.

FYI