My calcs htran are that in June 2014 the value would be around...

My calcs htran are that in June 2014 the value would be around 41 cents and if you held out to the very very end it would be the late 40s (after you deduct impaired face value of about $25M that is obviously worth very little and they have indicated this).

It's all about the time value of money. Do you want (say) 35 cents now or do you want 41 cents in 2 years time. Off the top of my hard that is a reasonably neutral equation and I would much rather have the bird in the hand now at 35 cents and put it in the bank during the unsettled markets.

Once the fund debt is fully paid off the value of the fund will only be around A$50-60M and this is too small to justify the expense of carrying on.

I would rather they put this puppy to bed and I suspect the will of the newer shareholders will be in this direction.

I can't believe soomeone did not mop up the larger parcels for sale yesterday as it is obvious to me that something short term is going to be proposed here.