Ann: Administrators commence recapitalisation process, page-14

Any other party needs to pay $40million to GXY and then deal with GXY as the largest shareholder in proceedings. GXY will not make it easy for any party at all. I can see GXY securing the majority here or securing the whole thing for near on scrap prices. What is a pile of spod and a mine worth to the current owners if they couldn't get production costs anywhere near $500 a tonne?

They buy it and put it on C&M for a few more years? ROFLMAO