I think I can answer part of your question. The Japanese want...

I think I can answer part of your question. The Japanese want product, but not the headaches associated with a mine. ""JUST LET US BUY the product please""
But now they find that PALA and LION have been working to get the best deal they can for themselves, even manuevering to buy the company with an almost insolvent one.
Fortunately that was stopped by ASIC when alerted by a large shareholder(S).
However, some shareholders have short memories, or never new to begin with and voted to allow PALA to now put themselves in a position again to take control of the company (for their benefit and not yours)
By not voting as Bloomfieldfinances suggested they were basically cutting their own throat.
The Japanese will be reluctant to lose their money, and may step in ...if the right scenario shows up.
I however, believe the market is in no way interested in PALA and their shennanigans.
I doubt the share price will ever get to where you want it to be. Bllomfieldfinances was willing to stump up SOME CASH as was HOTTIN....but they needed the rest of us and a vote to show they mean business to get it all across.
What they plan to do now...?????