what will 2014 bring, page-35

As much as I wish the guys who are advocating a 20c corporate takeover were right - reality is that even if the company was actively seeking to get taken over (which I doubt)and if there was an interested party, nobody, NOBODY, in this market would pay in excess of a 200% premium to buy this (or any other) company. If the right player was interested, we'd be very lucky if they were prepared to pay 10c - a premium of approx 85%.

20c is a pipe dream imo.

If they dilute us further through a short/medium term capital raise, even 10c will be a pipe dream given the horrendous dilution we can expect from a cr (at 4c?).

I suspect sh suffering will continue for another 12 months at least (if we avoid a cr) - and much, much longer if management fails to sell some assets to manage the cash position.