Ann: Company Recapitalisation, page-55

you say........
"Thats the 2nd time creditors have taken shares & Barrick took shares so means they think it has upside value otherwise why take shares if they are worthless."
IMO this indicates you have a poor understanding of the companies position.
In reality creditors had no choice but to take script as there was no cash to pay them, a case of a very small chance of getting something rather than nothing at all.
I have no doubt paying down creditors debt with script was also required to attract further investors funds.

you also say.......

"will be a trading stock on reopen, likely go to 2.0c then rebound to 3.0c"
what are you going to do with all the shares you paid 12 cps for or do you mean you will be selling those at 3 cps