I have no idea how things work in these kind of situations, but...

I have no idea how things work in these kind of situations, but what if CLZ and LDA had this all planned out from the start.
LDA provides a few million funding on condition it gets used on getting the site mine-ready, but due to the issuing of gazillions of shares, and who know whatever other forces are at play, it all goes bust as predicted anyway. Takeover is 'forced' which sees all remaining gullible shareholders (me included), who have funded this circus up until now, being handed a CGT offset and LDA scores a bargain ready to produce mine. And in return for their part in playing this out the CLZ henchman get a share of the spoils.
Sounds like a plot for a Netflix doco.