Half of the shares are already owned by some Chinese broker most of them probably on hold for Jiangxi , I think Weier also holds over 15% and their are a Jiangxi subsidiary, Burwill/JBJ probably have around 10% IMO ot would explain why GXY has gone quiet , they realized they've been played by Jiangxi and had no chance of ever getting their hands on Bald Hill as Jiangxi controls the creditors, the shareholder numbers and owned the directors as well. Also IMO they would have attempted a mop up at 10c-12c to take over the entire company and put it into private hands but GXY and other LT holders would have opposed it so they came up with plan B - run A40 into the ground.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
