I think GXY are being quite strategic with what they are buying...

I think GXY are being quite strategic with what they are buying into - near term development and further growth assets rather than long term potential - they have plenty of the latter in their own JB and SDV assets.

Id suspect GXY ran the ruler over AJM, probably decided against it as too much debt. A40 was already a close interest and they are primed for a big jump in value.

I would also not be surprised to see GXY buy a decent stake in ORE.