all will be lost if going into administration, page-7

Reiner, I'm not so sure about that. If the number of shares on issue remains about the same and the sp goes sub 8c then someone could get the lot by paying $44m for all the shares and $166m to clear the debt (US$200m). Tianqi & Nemaska are currently paying $550m to build a the same plant as GXY's Jiansu plant, so is Canada Lithium. So $200m for Jiangsu, Mt Catlin, James Bay and Sal de Vida sounds way too cheap to me.