would accept 40c , page-16

DML, original bid around a little over a year ago was 1.70 and independent valuation was around 1.74 - 2.20. Shareholder rejected the offer. CFC own around 13 % of co before the launch of the TO bid.

DML downgrade mine est to cause the share price free fall.

DML breach banking conditions and now we are looking at refinance / recapitalisation or TO. Shareprice last traded at 13c and waiting for a white knight to save the shareholder.

Also SDL which is also a long drawn out failed TO bid. From memory the original bid was 50c and now around 7c.

Have a quick read of both thread.