I've said much the same in a few posts over the years that PBs production forecast for mid 2016 was imo knowingly unachievable but I can also understand why. After all if he said back then we're realistically looking at 2020 till production where would the sp have been while trying to do a C/R? ...much more dilution I'm guessing.
In hindsight he would have been better off not to give a timeframe along with other comments he's made so when an announcement does come out the market takes note and holders at ease.
On finance MOUs are basically a gentleman agreement and nothing more so for me even if there were one in place it wouldn't mean much imo.
For me I'm hoping (this along with everything he says) that finance is just around the corner and once the CLC and mining licence has been approved it will just fall neatly into place.
After all we are still on track Right PB???
It could be a case of ...no point in signing on the dotted line with finance until the CLC and ML gets approved.
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