Ann: Trading Halt-GXY.AX, page-372

"It was given away, and the reasons are obvious if you go looking..."
can you go looking for all of us in a little more detail?

Yes, I hold both too. Bought GMM a little before GXY even because the deal looked so good.
Not sure on the staffing - GMM would need to run and admin the site - GXY secretaries are doing their nails in comparison.
We do know there has been a SDV team put together. 180 yrs experience combined etc. ( sounds like 6-10 people or something). Prob not cheap - but necessary, and makes it sound like the SDV project is imminent.

GXY needed Fotios to put Mt Cattlin back together - financially and managerially.
He knows it better than Tse. It was closed down by the time Tse took over and Fotios was behind all the old plans for it's expansion. Fotios even extended credit to GMM so that there wasn't initial GMM dilution to get in and running. Smart move.
JB for $5m was desperation. GXY needed funds to keep the tenement and didn't have any.
It was either bargain basement or lose it entirely. GMM was cash and know-how at the right time and GXY wouldn't have survived without them.

Not entirely quite sure what you are driving at.
I agree with your appraisal of what GMM offers to GXY. It doesn't represent a quality decision for GXY share-holders - its a retrograde move to recover stuff they've already let go at a bargain. Why compound this by paying for it twice?

Do you mean GXY is intentionally grooming itself to become a better take-over target?