Chinese player swoops in on embattled WA lithium miner, page-14

I like your optimism, but this is wishful thinking IMO. GXY clearly submitted a low-ball offer as it didn't want to waste any further money. CHEL have now ensured that it would cost at least another $10 mill just to pay them out. I think you'll find that the GXY BOD will say goodbye and good luck to A40.

From there, anything could happen. FIRB approval in the current environment is probably the biggest obstacle to this working out for them. Regardless, all shareholders are screwed. Some (A40 holders) more than others (GXY holders).