It is true that the declaration of formal negotiation closed on...

It is true that the declaration of formal negotiation closed on SDV will open up many possibilities!!!!!.
So now the deck is clear, who know, the like of Westfarmer, Rio Tinto may come out from the woodwork.
Don't think the current market conditions and sentiment will support a TO offer more than $3.00 per share.
The best option for GXY is - head down arse up and keep working until sentiment changed early next year.
We will have better proposition then.
The shorters/market have already priced in the current predicament, SP will float around at current level for a while IMO
Good luck all.