not much. they expect PDI spin out to conclude in first half of fiscal 2013. With the regulatory authorities fro the time being.
Looks like PTQ is keeping costs in control, channeling money to further improvements of production. Expect to get another 18,000 out of heap leach.
Need to see that high yield debt approved. No mention of it it being convertible so hopefully it gets signed that way. Only convertible is a loan for 6 million at a price of 65 cents (around there anyways). If they get the high yield debt that will get rid of the mineral sales contracts which really muddy the water. That should clean up the balance sheet some.
There's a glimmer of hope (or is it gold?) for the future share price. Need to sign that secured debt notes and get PDI spun out. But they are probably waiting on others for those to happen for now.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
