bids at .3c exceed total sells on offer.nc, page-9

re: bids at .3c...consolidation price You would have to assume that Wang, Zhang, Gu & Wu are all in bed together but there still remains a missing one-third of the stock that got left with the underwriter from the rights issue - so maybe this 850mil(8.5mil post consolidation)share parcel will find its way to the market after the consolidation becomes effective next week.
Hopefully some info in the Chairman's address/CEO's presentation at Monday's AGM espec as regards how close the upcoming drilling program at South Marsh 138 is - hopefully now within a month.
Interesting stock that probably should be bought at up to 35c next week as they have a bundle of cash also - I'd guess at least $16mil.plus their Seram JV must be worth another $5mil - so you could say they have a cash asset backing of 35c post consolidation.