Legend International Holdings, Inc

The main time you hear from Gutnick & Co. is when they release their quarterly reports. The Q4 report should be out in about a month. I'm curious to see if they have any cash left, and how they plan to repay the $10mm due on the convertible note (plus $1mm in interest due). The only thing that can save this company is a strong global economy, rising prices for crops and phosphate fertilizer, and a deep-pocketed investor that is willing to finance the development of the mine. It's a long shot, particularly given the short time frame until bankruptcy. The stock price reflects that. Maybe they can sell their stake in Merlin Diamonds in order to pay off the note, but even then they would have no cash. What happened to that $10mm from the convertible note anyway? This company burns through cash but shows little for it. I wonder if any employees are actually on site these days, yet the company keeps spending like crazy.