RE: Normally The bigger problem news wise, imo, is that PCY is in the midst of milestone events where news is little and far between such events. Unlike NKL that has a 20,000 metre drill program, PCY can not expect a steady stream of news like drill results present. Put another way, that is not a PCY problem. Instead, its an investor of PCY problem. One can not readily trade these shares and if one thinks they can position just before a milestone news event - think again. In essence, there is no set time table for such events where all one can do is sit and wait.
Although PCY has mentioned "by May" as potential time frames for the PPA and EPC Contractor selection, I think "by June" is more appropriate/realistic. The signing of he PPA is NOT just a PCY event. It's a major Mongolian event as well (ie: political). Elections in Mongolia are to be held in June. In addition, the Coal Trans Mongolia show is May 23-24. The higher impact for signing the PPA where Mongolian politicians are concerned is a mid-May time frame. For those up for election, they care more about being elected than they do about PCY's stock price.
How much the elections in Mongolia effect the PPA is anyone's guess but it can not be discounted. Whereas I'm "hoping" we get news by May, all I can do is "hope" that is what will happen. In the meantime, I sit and wait.