A40 price action, page-850

Agreed. A takeover at 20c simply just isn't going to happen, so buying at these levels will more than likely yield a profit (at some point).

I'm hoping that shorters absolutely decimate GXY's SP. They don't have the cash for an all-cash TO offer, and if their SP is hammered it will make a cash+script offer less appealing.

At this stage I would strongly support an SPP. One, to pay down that Tribeca debt, and two, to dilute GXY's shareholding. It won't make a TO impossible but it will make it difficult and more costly for them.