Ann: Same Class Equity Offer (Share Purchase Plan), page-81

Don't be too quick to jump to conclusions.

It would be logical to assume that we'll be getting a Bonanza announcement before this offer closes, giving share price a boost, making the offer more attractive, right?

Even without the announcement its quite obvious that you'll be better off going for the offer rather than buying on market (that's if you believe in the NTL story).

With this offer, A $13 875 buys you 681818 shares (including brokerage) at A $0.02035, plus 681818 free options

At the moment, A $13 875 (including brokerage) buys you 659 285 shares at A$0.021 No free options.