I feel certain this is mainly funding for going straight to...

I feel certain this is mainly funding for going straight to Stage 2 processing.

This hopefully will leave a wad of cash for just as you state wobuzhidao, but IMO more importantly to advance Karoo.

All that remains to be seen is how much this ann gives PEN and what they intend to do with it.

My safe bet is on Lance Stage 2 now being a given...along with 1.5m/lbs per ann processing and all of the associated cashflow as PEN sell at a much higher rate than the current U price with no additional 3rd party processing costs. To me that is a no brainer, depending on how much this funding/raising is.

But I could be wrong...