Not sure why some here still keep bringing up Jiagnte. If you are an equity holder you are last in line and have no say as to what happens from here. So unless Jiangte is a creditor then they get treated like all other equity holders and are likely to get nothing. The company is now controlled by the administrators and I expect GXY to appoint a receiver quick smart in order to look after their interest. It's pretty obvious GXY wants the assets and that is what will happen. You are just dreaming if you think a white knight will appear to save the day, and restore some value to equity holders . The time for that has well and truly passed.
Question now is who will be next? AJM or PLS. Natural selection is playing out in the lithium space.
GXY Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
