Following discussions with, and extensive submissions to, ASX...

Following discussions with, and extensive submissions to, ASX since 13th May 2021, ASX has now
determined that it considers that the Potential Transaction would constitute a change in the nature
of the Company’s activities and the Company would be required under ASX Listing Rule 11.1.3 to recomply with the requirements of Chapters 1 and 2 of the Listing Rules before it may complete the
Potential Transaction. Such compliance is expected to cause further transactional delays and
significant costs, which will prevent the Company from being able to complete its other current
business endeavours. The Company has, therefore, decided not to proceed with Potential
Transaction.

That last sentence is a joke, they go into a suspension promising an announcement on a "potential transaction" and then because of ASX rules (which they should have been well aware of) they decide not to go ahead with said transaction. They've taken their bat and ball and gone home.
This says to me their "potential transaction" probably fell through.