Ann: Appendix 4E and Annual Report for year ended 31 December 19, page-13

I agree that .3c below cash backing makes sense if you want a shell. Add that they aren't spending much... well $100k per quarter. So despite the Nov2018 incident, kinda tells you that directors are being smart with the cash and not just trying to pay themselves the whole thing.

I disagree with the "easy for somebody to take control bit"... Ansila tried, and they lost. Ramcap is trying, but pretty sure they won't get their way.

Not sure which one are you in the Top 10, but look at your companions there and you'll realise it'll need a lot more for someone to take "control" of this. At least out of the hands of ones already "controlling" it.