Ann: Administrators commence recapitalisation process, page-147

While the Haitong angle is interesting, is it even possible for them (or Jiangte) for that matter to T/O A40 without a partner? Wouldn’t any investment greater than 50% require FIRB approval?

For these reasons I see GXY coming out of this with at least 50% ownership. Given the recent listing of lithium as a ‘strategic resource’ by the US, I can’t see FIRB approval been granted for a Chinese company to take over an Australian company that has been driven into the ground as a result of Chinese actions.