great news major milestone achieved, page-2

I certainly hope so, it's excellent news though one question remains. They got a $105 million dollar loan however $50 million must be retained in cash to use towards payments etc as a sort of security. So where is the last $50 million coming from?

Maybe a capital raise to holders?
Maybe a placement to sophisticated investors?
Maybe it has to do with the potential hong kong dual listing though GXY has not officially commented on such yet?

Anyone got any thoughts about which method they like or which is best for the company?

There's absolutely no doubt that it's crucial news to have secured the loan they have so things can proceed and it was reflected with quite a strong day today.

Oh & one final thought...

Sometime back when GXY announced they were venturing into EMD Production in the announcement under key dates it says that a Definitive Feasibility Study was due in Q3 2010.. we haven't heard any more about this yet have we? I think there are certainly some interesting times ahead for GXY.