Senetek’s 10-Q:
http://biz.yahoo.com/e/101122/snkty.ob10-q.html

Choice quotes:

The intent of the Company is to gain 100% ownership of the Relief Canyon Mine and ultimately to bring the mine into production at some point in the future.

The amended Reclamation Permit will be filed once the review by NDEP and the BLM progress sufficiently to submit the detailed reclamation plan and bond cost estimate for the amended project. No assurance can be made if and when such permits will be successfully amended and the ability to restart mining from the pit will resume.

The secured creditors (including Senetek) then formed a Colorado LLC named RCP to be the operating entity at the project.
RCP sold an excess piece of drilling equipment along with associated drill pipe and support vehicles for $978,750. RCP has continued to operate the assay lab as it makes a small profit.

The bid deadline has been set for November 24, 2010 and a court hearing is scheduled for December 6, 2010 to review the bids by the Court. Should the secured creditors not receive an acceptable bid for the Project they may ultimately acquire the project through a credit bid. Essentially, this bid process would allow the secured creditors to "credit bid" the amount of their secured notes. The Court would review this bid as well as the marketing process and any other bid proposals received and must be persuaded that the Credit Bid is likely the highest value bid that would be received for the assets in order for a court sale of the assets to be concluded.