Okay, another scenario we could consider....construction has advanced significantly over the past three months on the quiet at Lance. I was looking at the BRR interview again and Gus didn't seem to waiver when he said, they are still targeting a 2014 start to production. There was also a reason why JB Morgan tipped in $5m when they did, in the recent raising. I suspect they knew that the timelines for completing finance was different from what the market was led to believe. Perhaps by spending more money on construction, their security spread sheet looks better? Cash can be spent but non cash securities/assets could help get the finance across the line?
PEN Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
