Chinese player swoops in on embattled WA lithium miner, page-61

The loan agreement with Chinese CHE will retire GXY from being the secured lender, which I believe to be the biggest threat to we minor shareholders: GXY could otherwise take the whole company for Nil although losing their shareholding values: lost their 15% but get 100% free.

This loan agreement will put Galaxy in the same position of other shareholders.

Since the agreement already signed and 15% fee payable if it doesn't get approved, GXY seems unlike o make a TO bid.