the only reason that LLL would look to buy out the FFX parcel...

the only reason that LLL would look to buy out the FFX parcel would be to stave off any potential suitor that wants to take out LLL. This scenario is less likely now that Ganfeng have increased their stake. Anyone wanting to take on Leo, would have to deal with the power and deep pockets of big brother GF.

In any event LLL, have bigger fish to fry and the GF JV appears a very strong relationship without any apparent overreach from them. They are letting Simon, Tom and Co. get on with the job and providing assistance as required on the processing plant.

A takeover of LLL isn't the outcome any LLL shareholder should want and I doubt LLL would be prepared to buy back their own stock from FFX via a scrip offer to then cancel them. it would just be an unnecessary distraction at present.