Update The latest news I have been able to root out is that " BK Gold Pty Ltd ", has avoided Bankruptcy for the time being by enteriing into a " Legal Agreement " with its creditors. I would assume that CIO is one of those creditors since BK Gold bought the British King Mine from CIO. At this time of year ( TAX LOSS SEASON ) I can see advantages for CIO to enter into such an agreement. Also, note that Gold has fallen below $1300 for the time being. I believe this all means that CIO share holders won't see much improvement in share price till the New Year at the earliest. Not good news, however nothing a double Rum and Coke can't fix!