KING - what comes next?

"A new preferred shareholder group (PSG) has acquired the majority stake position in KING via preferred share purchase. PSG is a New Jersey based mining and exploration group. PSG and KING intend to focus its attention on its core business model mining and exploration." This excerpt is from KING's latest news. What do you think will be KING's next step, could be the continuing negotiations with graphite mining company or something else?