Small hope and will probably take a while, so I am not holding my breath. Like many others, near the end of this year, will evaluate if it is time to take the loss or wait another year.

The RC Mine needs to be sold to remove the Platinum debt off the FG books for any chance of reorg or merger. With the fall of the Canarc bid, Platinum does not seem to be in any hurry to BK purchase the mine or sell the rest to Senetek. They are spending most of their efforts (based on PACER docs) on the civil suit.

Except for one comment in the lawyers bill about charging them a little for review of the back-up bid. I don't see anything about selling the mine and thus may be some time before a reorg or merger can occur.

Then if a reorg or merger occurs, it is unknown if the common shares will be kept in any form. There is a little bit of protection with a 50% of former ownership needs to be retained to keep NOLs. But, there are ways not to use the commons as the 50%.

Its still early in the year, so not much to do but wait. Later in the year I will have a more serious look if it is time to take the loss or wait.

GLTA

-Y