I'm going to guess that we're on the cusp of a deal. It's just my spidey-sense tingling, as I have no good evidence to suggest that. I've just seen this scenario before. I owned peregrine and they announced a lengthy delay - 6 months if I remember. Less than a month later they were bought by stillwater.

I'm of the opinion that the announcement of further delay of the feasability study was to buy time to negotiate a buyout. I may well be proven wrong, and that would be ok too, but I hope I'm not.