will we see prices above 10c?, page-32

Ric, I can only suggest you read the information supplied a lot more carefully. Perhaps start with the last Ann:

"MEGA GRAPHITE TO COMPLETE IPO AND CANADIAN LISTING" 18/1/12

then 22/7/11:

"Shares in the demerged subsidiary will be acquired under a Transfer Scheme, in exchange for shares in MEGA Graphite, if MEGA Graphite obtains listing on the TSX; or a listed entity with which MEGA Graphite merges (Transfer Scheme
Scrip).
The amount of the Transfer Scheme Scrip will be equal to the greater of:
o 33% of the issued capital of MEGA Graphite; or
o a higher percentage of the issued capital in MEGA Graphite if required to reflect the value of Uley, which value must be a minimum of CDN$70m.

The only reference I have seen re alternate offers was that NOTHING had been received of any substance compared to the Mega deal.

If nothing else the Mega delays mean we have tested the markets thoroughly for alternate offers and nothing appears to have materialised. Don't forget that if someone comes along with a cash offer there is no upside for SER SH's in the graphite story which is the reason many of us a here.