Depends which perspective you have. " buyers think they can get...

Depends which perspective you have.

" buyers think they can get sellers to drop their prices" also means sellers are waiting for buyers so they can sell - especially Acuity (who have 100m shares which they need to sell if the CPA is triggered).

I think people are understanding the fact that debtholders just got 25% of the project for $6M AUD (and get security titles to the two furnaces that GMC have been refurbishing).

There are 2.6bn shares and 1.6bn options at $0.005

2.6bn shares @0.015 = $29M
1.bn options @0.015 = $24M less the $8M exercise = $16M
Market cap of $55M at $0.015 (trading price today)

Debt holders paid $6M for 25% of project, yet market cap of $55M for 75% of the project...