Possibilities here are really only (in order of lowest probability in my opinion):
0) Closing up shop, distributing remaining funds to shareholders
1) Placement of shortfall (surely it wouldn't justify a trading halt)
2) Placement of shortfall to a new cornerstone investor (maybe, depending on who it is)
3) A commercial transaction for Paguanta (really the only thing I can think of that would justify a halt)
If it is a transaction, the structures I would hope for starting with the most desirable (to me anyway):
1) Outright sale for $US20m (seems a reasonable price based on expenditure to date)
2) 50% JV buy-in partner for $US10m.
3) 50% JV earn-in partner who will progress exploration until their exploration matches our to-date spend.
Number 3 wouldn't provide any funds for Kouri work, but it would allow that project to progress in the interim while we focus on Kouri. The actual desirability of 1 and 2 will depend a lot on the actual price agreed (as opposed to my feverish dreams).
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