Ann: Quarterly Activities Report and Appendix 5B, page-41

Did you mean the market is "mis"pricing this? It is under the overhang of a CR which can push SP down without mercy until such CR is dealt with.Then they have the con note and the inability to sell other non-core assets which then lead to point one above as they are also running out of cash.As for the JV, newmont has the first right if refusal, and they can take their sweet time if they want to lob a T/O as the agreement allows for 5-6 years before they have to take it or leave it - the only way out is if someone forces their hand by launching a T/O first ti trigger the first right of refusal.

So in summary, they can try to hang kn and hope newmont finds something- otherwise, they could end up with a SP of $0.001 with any dilutionary cap raise (also remember, the connote has a anti-dilutionary clause).