20cents offer, will you sell ?, page-46

"..I still think this is being set up for a low-ball offer to be eventually taken over, de-listed from ASX and re-listed on JSE at a premium."

I believe that to be the case. Always suspected that a mechanism would be developed to separate Australian investors from most of any potential premium, not that there will be much, if any for LT (ie > 3 months) investors.

A truly sad waste of capital for the real 'long termers', although some Traders have pulled some good beer money from this fiasco.