Given that is gives insiders more time to do as they like, and...

Given that is gives insiders more time to do as they like, and locks shareholders in to GXY, minority shareholders' interests will be be given lowest priority.

Possibilities from best to worst (short-term price impact):
1. Takeover (unlikely)
2. Farm-in to South American assets, combined with capital raising and securing of debt finance from Koreans.
3. Moderate capital raising to get through to operating profitability (best outcome for small shareholders)
4. Large capital raising to allow South American project to proceed more quickly (most likely outcome, given difficulties getting capital raising done).
5. Some debts are being called in...or creditors are making thing difficult more generally.