I honestly don't think GXY will facilitate a revival. At this point I think GXY will probably try to execute a debt for quity swap, probably tip in some more cash to achieve a 50% holding to support a 50/50 JV with Jiangte or another party. Let's be honest, GXY covets Bald Hill and has come this far.
As a GXY shareholder, I don't want to see any more cash disappear, but I also don't want our previous investment to go down the drain. I'm really conflicted about this. As mentioned in a previous post, I wish A40 was killing it so that GXY could profit off the investment. But here we are.
I think MC has very little chance of finding a suitable alternative/party. I think he'll quietly wander off to run Cowan into the ground, concurrently plotting his revenge on GXY.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held
