Simon unless you've been told that funding has been agreed and...

Simon unless you've been told that funding has been agreed and there's reason to actually blieve the teller then you can pretty much keep it. PEN can't manage to keep true to what they announce. Anything in a private email is a waste of reading time. Still some people seem to enjoy the spin.

My prediction is no funding before EFOY and probably no full project funding this year. What we might get in the resonably short term is another injection from PALA or another group. I'm starting to believe the OAs are not going to provide the cash injection necessary to conitnue operations and it's a placement to institutions or to existing holders we'll see in the next few months. Without project funding before end of June, no PTM despite the usual HQ spin and doubts over any kind of drilling results being announced that are positive enough to change the state of play this might be as good as it gets before the OAs run out.