one long yawn

Well,they have some funds after the capital issue underwritten by OXX.In their latest Quarterly report PKO
said
"Peak and Octanex have agreed to work towards a merger of the two companies (Merger). The
Merger is proposed to be implemented by a Scheme of Arrangement (Scheme) to be
submitted to Peak members in 1H14 and under which Peak members will exchange their Peak
shares for Octanex shares.
The consideration for the Merger will be the issue of such Octanex shares that attribute a
value of not less than $0.01 (1.0 cent) to each Peak share (Scheme Consideration), thus setting
a minimum consideration in line with the current Rights Issue, with the full consideration to be
determined in 1H14. However, the proposed Merger does not fix an upper value which may
be paid by Octanex under the Merger proposal and the actual consideration for the Merger
may well exceed that minimum amount"

So it looks like a wait of some months.