Correct - also remember, that in order for Z to walk away from...

Correct - also remember, that in order for Z to walk away from the ASX (which is what they would want), they need to present a more than fair offer, it would have to be attractive enough that would make us hand this over. They need 90% of us to clean this up. So I agree, with their large portion of relatively cheap shares, the residual at 50cps+ is not unrealistic

Part 6A.1 Division 1 of the Corporations Act enables a bidder under a takeover bid to compulsorily acquire any remaining securities in the bid class if, by the end of the offer period, it and its associates have: (a) relevant interests in 90% (by number) of the securities in the bid class; and (b) acquired at least 75% (by number) of the securities that the bidder offered to acquire under the bid (whether or not the acquisitions occurred under the bid or otherwise). The bidder must give a notice of compulsory acquisition to all remaining holders of securities in the bid class during, or within one month after the end of, the offer period and lodge a copy of the notice with ASIC and ASX.