crocodile gold may be looking

Crocodile Gold just reported it's second quarter results.It reported a net loss of $90 million but that included an impairment charge of $151 million;this ,of course, is a non-cash item.In addition,Crocodile Gold reported a $62 million gain on the close of it's swap agreements with Credit Suisse.This I believe they used to finance their purchase of the Fosterville and Stawell mines.This proved to be a good acquisition as both mines are still producing and the debt is paid off.
Crocodile showed in the second quarter a continued increase in production;the second quarter of 2012 had 36,500 ounces of production whereas the second quarter of 2013 had 48,300.Crocodile says it is on course to meet it's guidance production of 170,000 to 180,000 ounces of gold for the year.
However the interesting story is that Crocodile (with gold prices as low as they are) reported a positive cash flow of $11 million in this quarter versus $4.8 million in the same quarter of 2012.Also it has  a $28.6 million cash flow for the six month period of 2013.Crocodile reports in addition that it has $28.8 million of cash on hand.
Crocodile just made a deal with a company called Pitchblack Gold; it is to develop one of their properties and take a 90% ownership stake.But with their swap agreements paid off and about $30 million in cash on hand -

 is Crocodile looking for a company like Pitchblack (or a bigger one) to pick up it's flagging stock price?