Folks, I agree that the offer is light...by 1 to 2 bucks. It is the balance between dilution and raising capital. If gold heads back to 1100 and has to finance at say...... $ 2.50 and 30 million shares ( plus a 1/2 warrant ). Could push PRB into a bad spot ....especially if gold stayed low. Personally, I am not to concerned. I will wait for the conversion. I think TG is hoping for a lower gold price. Might not get it. Perhaps Dave already knows the next spot .....maybe it's KAP.? Maybe he has a buyer for the chromite...shoot say 18,000,000 plus a decent property. Dave P. Did a pretty good job keeping things quiet but moving. I had probe for a long time....so no worries. Who knows?...I see opinions.on gold ranging from the 40 tons that got scooped up last week ! ...to the Shanghai gold exchange publishing 168,000 kg for physical delivery ( yes I read it right ). You can go to the daily SSE data and check it out for your self. A lot of countries are either repatriating their gold or purchasing. Putin is buying a lot of gold. Canada has about 2 tons....not a lot. So I am very curious...to see how pans out. Questionable jobs reports, inflation data masked by low oil, wild currency swings......and then their is naked short selling of contracts on the comex. It is like I said before.....this up and down effect appears to be related to excess shorting and naked short selling versus real genuine physical buying. Planning to stay tuned. I hope you all are successful with your winnings. Good luck on the next play.! You bring the shovel.....i'll bring the lime Captain time