Further to my post on the Cashflow Report which nobody apart...

Further to my post on the Cashflow Report which nobody apart from me on the PEN thread appears to have read, I find it difficult to believe that Lance will commence production by "the end of 2024" which is just over 7 weeks away. A colleague alerted me to an interesting article in WNN https://www.world-nuclear-news.org/articles/peninsula-unveils-revised-strategy-for-lance from which I quote. " Net additional funding of USD95 million will be needed above that anticipated in the company's 2022 Definitive Feasibility for the project. The additional funding "is not required as one lump sum amount and may be obtained progressively" over the two year time period, the company said. It expects to source the additional finance through a combination of the sale of strategic uranium inventory, equity and debt instruments, although additional funding arrangements have not yet been put in place. The company has had "preliminary discussions" on possible debt options, including US government sources. Heili told investors that the company expects to be able to "more clearly define that" in October. ". Nowhere in the recent Cashflow Report is this "more clearly defined". In fact the opposite has been done with an addendum clearing management and board of responsibility if Dept. of Energy funding fails to eventuate. It should be obvious to anyone dealing with government departments during an election period that funding decisions are put on hold until the political temperature settles. I would bet London to a brick that production will not commence within the next 7 weeks. I would expect a notice of delay soon from PEN and a capital raise at a significant discount post consolidation.