With BOK being in the Receivership, PPB's primary role is to...

With BOK being in the Receivership, PPB's primary role is to protect the interest of secure creditor. I actually haven't seen the notice that says who actually appointed the Recievers, but we can assume that was the TrailStone.

Anyway, I reckon that PPB can help TrailStone recover their loan (or part thereof) in different ways, with different potential outcome for shareholders:

- Bad: fire sale of assets and tenements to quickly pay back part of debt to TrailStone;
- Bad and Dodgy: sale of assets/tenements at bargain price directly to TrailStone or a "friendly" party;
- Good: keep digging and processing gold/silver, decrease the spending (should be decreased anyway now when the Mt Boppy hole had been dug) and keep accumulating the metals or cash to secure payment of the debt.

Better than Good would be if gold/silver price significantly rise, or if reserves gets magically upgraded (might happen if they keep digging). IMHO gold price is not going to rocket until/if COMEX fake gold (a.k.a. Gold Futures) bubble finally pops, so we can just hope for increase of reserves (or recoveries). In that case, best outcome would be that TrailStone eventually convert their warrants.

Not much we can do at this stage but sit and wait, and hope for the "Good" outcome.