GXY emergency offer for Alita?, page-263

Here's my 20c worth:
* GXY & Jiangte previously bought a 10% stake each in A40 to ensure they (combined) have majority stake
* Burwill financial troubles mean they will look to offload their 50% stake in the converter JV (with Jiangte) to GXY
* GXY and Jiangte agree to jointly proceed with a friendly take over of the rest of A40 they don't own

At the end of it, we co-own Bald Hill with Jiangte, have a majority stake of the Cowan tenements, and be a JV partner with Jiangte in the JBJLIL converter.

This is the market to launch such an ambitious acquisition of quality (and diversified) assets.