So in summarycash down to around $1.5mTax losses $7.2mShare...

So in summary

cash down to around $1.5m
Tax losses $7.2m
Share investments 880k (Boss)

The tax losses are of value if they can be utilised.

There is insufficient cash to enter into any transaction so shareholders can expect a CR if the BOD find something to propose to shareholders - how well that might be received will no doubt depend on the proposal and the attractiveness of it to shareholders who thought they had invested in an attractive gold project some considerable time ago only to have the then BOD dump the project and resign. (A project that is now apparently being developed - no doubt utilising the leases the BOD at the time surrendered)

The only director with any equity is Cranston with about $7500 in shares at the lasted traded price of 4.2c.

Shareholders have had no recent update of anything other than Cockatoo after significant due diligence fell over (only to have a Chinese company snap it up not long after shareholders were advised the CRB was not proceeding) and that directors were continuing to look at opportunities.

Not an "inspiring" set of circumstances for shareholders