RE:RE:RE:Interesting deal
they talked about titan in the MD&A last week:
2014 Outlook The Company will maintain its interest in Titan and the required license maintenance work will be completed. Further exploration is planned for 2014 including GPS of the claim posts. The Company will continue monitoring commodity prices to consider the timing of possible development.
With regard to this merger PCY has picked up half a billion tonnes of coal for a 1/3 stake in prophecy power generation. If the power plant is never built then that stake is worthless so it is unlikely cosmo would have done the deal if they thought the power plant won't be built. The question, however, is when... If PCY runs out of cash before any big news then it seems likely they will sell more of PPG to cosmo...