As the story goes.....PQ has decided to make SFMI debt free and is settling all the outstanding debt with shares. So the dilution sucks, but the deep pockets who have acquired something like 450 mil in shares over the last three months now likely own 25% of the company for under a million bucks. Smart move on their part in my opinion. No idea when it will be done, but feel there is little downside risk at this point. These guys that are accumulating this many shares, arn't in for pennies and will support there purchases thru developing this project the way it needs to be done.
As there seems to be a build up of newsworthy events in the pipeline [financing, toll contract, assays, NI 43-101], perhaps they will wait for most of the selling to be done and the GHDC reverse completed, so as to get the most bang for the buck. Nah... that makes too much sense.
cheers