This $10 M from Jiangxi is a drop in the ocean and IMO Mark told them to contribute or we going into C&M. Where we would be today without GXY investment?
Either discount to sophs, additional high interest loan or under administration.
If they fail to sell more soon and will get under Tribeca knife my prediction is T/O by GXY supported by BOD and Jiangxi.
GXY made very clear few months ago about their desire to go upstream and if they can guarantee our current off takers with delivery of BH spot, that would make no difference to them who owns BH.
Maybe we are already part of long term corporate play to get us for few peanuts. Who knows.
A40 Price at posting:
8.7¢ Sentiment: None Disclosure: Held
