PearTree,That is a difficult question to put a time frame on as...

PearTree,

That is a difficult question to put a time frame on as it depends on a number of issues. Subject to professional advice, for you to claim you will need to be able to satisfy that there is no chance of recovery of any of your investment in MST.

The situation firstly depends on what the successful party of the DOCA chooses to do with the corporate structure. Do they retain the existing company as the holding company or operating company and therefore retain the shareholders? In the case of ASOF this may not be the case however, in the Pinder deed it seems, from what we are being told to date, they may be endeavouring to retain it. However, in the Pinder case normally for you to recover any monies by the sale in an open market, the company needs to be re-listed on the ASX and this may or may involve chapters 1 & 2 of the ASX listing rules. If they do not meet these rules the company could remain un-listed, until such time as it does meet them, but it could still be intact and operating and trading normally. This is of course would all be subject to any professional corporate advice that Pinder may be taking, and their or their advisor's possible discussions with ASX. Shareholders may expect also be advised, on the structure at any EGM called to ratify and changes to the corporate structure, I would expect that the notice of meeting would advise shareholder's to seek independent advice.

In the event that the present corporate structure does not suit them, the successful party to the DOCA may choose to wind the company up.

Even if ASOF were not take the shareholding given that at the finalisation of the DOCA the company shell should be clean and normally debt free it may be possible, subject to a number of conditions, be used as a shell for the injection of another project, by other parties prepared to fund the company. This may be dependent on the payment of the ASX listing rules for the 2012 year, as a de-listed company may have very little attraction, this is again subject to specific advice at the time by interested parties.

As I have stressed this is all very subjective and the end result could take any direction of the above or none. My summary above, is not based on the full facts, and is my opinion only, and again all is subject to professional advice. In my opinion only, again you may not be able to do anything this financial year. Again this is subject to you own personal tax and other financial position and you need to rely on your advisor's advice.