I have been told that PTIMN could feasibly tackle the oxide...

I have been told that PTIMN could feasibly tackle the oxide project on their own but not the porphery resource. For this they will need the technical and financial support of a major and the banks that would come with them. As long as they do not end up in jail like the previous shareholders appear to be heading PTIMN will inevitably do a deal with Intrepid.
They are happy to draw this out and let the shareholders put the heat on management and BJ in the hope of softening them up. I understand the threatened legal action will be directed at BJ personally. The action will be through the Indonesian courts, not Australian - what a surprise. It does not take much imagination to guess who the other party is that is supporting this. Management are still 99.9% confident that the Singapore courts would eventually confirm their legal claim to this project.
Surya is patiently waiting for Edwin to join him at the table
Bloody hard on the nerves waiting for this to play out