I would assume they will hold the gold assets until gold gets frothy again, then most probably look at offers to sell it at that point or JV it.
But you are right, getting a serious cash injection for it now would be great for holders. Not so great for Pattersons who wouldn't have the opportunity to get this cheap stock with this big dumping process.
Never ceases to amaze me what a complete disgrace some of these cowboy outfits are. At least we will get the pump side to these manipulators.
HDY Price at posting:
0.5¢ Sentiment: None Disclosure: Held
