Ann: Retail Entitlement Offer Results, page-3

Quite reasonable and I would expect what the board thought would happen.

People may disagree with me but with the underwriter in place and an assumed deliberate policy to hold the SP below the offer price. I would think that was done so the Salim group could get as many as they could, in addition to those bought at 0.185c. Others can see it however they like but that's my take.

One can say, I'm being generous but I try to give the board credit for their experience, and as far as I'm concerned our interests are (strongly) aligned. SH (especially the largely silent ones) played their hand/voted on the options item at the AGM. I fully respect that.
I also find it a bit ironic though that we now discover that Ian Smith was likely a driver on the Nitettsu HoA.

Anyway, Onwards and Forwards (I'd say upwards but I'm more than likely to get the middle finger salute). (I contend I'm not totally tone-deaf).

All IMVHO
PS. I aspire to be like Andrew Gaff, who usually still has legs and keeps running in the last quarter.