late drama, page-19

umbisam, I agree with you. The Chinese will do anything to get what they want dirt cheap. But with the asx they have to play by our rules and asic is watching. The Koreans wont be intimidated by them either. China could pull the plug on the plant, but they wont because that would amount to industrial sabotage and their government won't be party to that. They would rather buy it off the acquirer and use trade as a bargaining chip. If GXY goes into admin, then all the assets are auctioned to the highest bidder. They don't want that. They can try to get 51% of the shares and options but that is becoming problematic for them with the regulator watching. A takeover attempt seems to be the only option left.