I suspect that DLC is trying to work out a way that it can drop the Canadian River Investment into PNE. If this happens it will potentially free up DLC's cash flows. The problem is that no one is interested in investing in PNE even when the Canadian River proposal was put forward.
DLC has a massive incentive to create value in PNE as it is the majority holder of PNE. So I'm sure something will crop up if not another try at the Canadian River proposal is some other form.
DLC Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
