thanks findinggemsjust to add GXY was the last holder of the...

thanks findinggems

just to add

GXY was the last holder of the $40m tribecca secured debt held against the bald hills mine (prior to Asteroid). The debt is currently owned by Asteroid but is essentially useless to them as they are unable to secure the asset. They either right off the $40m debt (not going to happen) or liquidate the right to the secured debt and therefore the asset.

this in my opinion is a critical piece of information.

GXY now AKE are in box seat to acquire bald hills and have two producing mines in WA and are potentially freeing up room on the balance sheet by introducing US$180m debt. This many well open the door up for WA down stream chemical conversion under merge co.

from memory, and in 5 months time the old GXY 5 year supply contracts for mount cat expire (Chinese offtake).

That is the speculation.

not advice