RE: How would it end? I do not think that an artificially low managed SP is a valid scenario for Galway. The final bid price will be determined by the resource assessment and the number of bidders. Assuming that GWY is the real thing, then it is just as easy to release results in a way that gets the SP to rise to within the range that is commensuate with the resource assessment.
GWY has chosen (for reasons which will become clear at some point) not to do this at this time. In fact, they have starved investors of info making it easy to play games with the SP.
RH has anumber of weapons in his favour. He is in a strong cash position and does not need to hurry - the longer he waits, the more firm becomes the resource estimats plus AUX really does need those strips of land.
I do not know if it is in the realms of possibility that RH with sibling help would consider developing a mine themselves.