where to now, page-22

I spoke with the company this morning:
Consolidation is definitely being looked at as the way to pass the magic $0.20 figure for change of business. They are currently seeking advice on the best way to proceed with Chapter 11. If they can obtain an independent geoligist report to show that the resource is more than 20% of the companies business in which case this will cut out a lot of red tape. A Shareholder meeting will be held to approve the change and this will happen hopefully at the latest mid March (which means mid February at the latest we will have heard in reference to the Due Diligence being completed).
In relation to the 31-Jan deadline for shareholder approval, with both parties happy with how everything is proceeding this isn't a problem as there have been delays with the ministery they have been dealing with.
Other assets are being looked at as well so try not to lose patience in the meantime. Nothing was elaborated in relation to the location of these potential assets, resource estimates or that any negotiations were being undertaken.
Providing a market update is also being looked. Hopefully it is well written and providing some clues about size.

DYOR