takeover comming?

IMO, this CR has the hallmark of a cheap buyout (thank you retail investors etc.)
because
(a) The board is at least half Chinese
(b) When there was a prospect of SP rising, Li 1 buyout & cap raise happened
knocking down the SP
(c) Now the GXY is on brink of being cashflow positive, another CR
taking 2 x Chinese investors, ( one 19.8% and another 19.3%) close
to the bid threshold. Had they bought this share of the company on the
open market, it would have driven the SP close to $2 IMO.

Should a takeover bid arrive under $1.20, I would be very concerned and
I would likely express that concern to ASIC, the FIRB and the Treasurer.

With kind regards
Moorookamick