Maybe don't panic just yet. As another poster pointed out:
"We have also commenced discussions with the secured creditor concerning its objectives under a potential restructure or recapitalisation proposal."
"GXY could convert debt and outstanding costs into A40 equity. At least the existing shareholders will get something out of the mess. Heavy dilution will result, but (at least) they will have a new substantial shareholder, a new board, new management and a fresh start with an experienced Li operator leading the way."
He has a point. Given the projections, if you simply hold for a long period, you might get all of your money back, and more (after several years).
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