A40 Administrator update, page-86

The reality is GXY cant afford A40.

The Doca or Docas to go to a vote can still be negotiated. The Chel offer has to be binding before the VA gets a loan. GXY will certainly sit on their hands until the last moment if they were to change their offer.

Saying that i think the GXY BOD had seen buying the debt as a way of potentially getting them some points for what has turned into an embarrassing investment.

We have no idea what both offers are, and we may never know the GXY offer if the loans paid out.

Thats a thought!!

One things for sure GXY would keep on C&M and would need to do a plant upgrade before starting operations. Money we do not have available.

Personally the sooner we move on from this debacle the better.

The good thing is SH has fairly clean hands for the wasted investment.

If GXY loses all its equity with a Chel deal, someone should fall on a sword for the last CR.

Pigs might fly.