sad to say but this could be an opportunity lost for GXY.
Like I suggested a couple of weeks ago they should have very quickly
made an offer for all of Alita. Now someone else has come to the party.
Its not always that a neighbour at your doorstep becomes an interesting target
for acquisition because of its distressed state. Time was of the essence then.
Now it looks like GXYs stake will decrease and control taken over by other
parties. GXY wont get another chance like this ever. It will have to come
up with hundreds of millions to develop one of its other assets now.
But maybe its not too late? ...
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GXY emergency offer for Alita?, page-80
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