There is a reason there were 89 entities in on the private placement. With no broker involved there is a great likelihood they are all part of the same group, perhaps an extended family. My guess is this ties back to the land deal. Perhaps a thrid party lined up to buy the shares from the 89 entities, they use the tax advantage to cover the huge gain on the sale of the property. The four month hold would then explain why we have not heard anything. I am not a tax expert, but on the surface this looks like a possibility. 89 entities sounds like a lot for one family, but if the oldest generation has eight couples, each with kids and grandchildren you can get to 89 pretty easily. Long winters in Canada are excellent conditions for for creating large families. I believe the deal would need to be completed this year to make this work, well within Captaintimess, six month window to hang in there.

POG without news is holding us back. News is coming, not sure on gold, but if it moves to the upside on the back of good news I would expect serious upward pressure on the price of PRB.