Ann: Quarterly Activities Report and Appendix 5B June 2015, page-20

I think your previous post was valid

"$4m market cap for a shell is dear, esp as who knows what it will end up being. May pay out, may not."

But I reckon for the reasons Ive given its a fair bet that any deal they do wont be done at less than 2c

In the end the value here as I said from my first reply will come down to whatever deal they put in here

FYI so you know @heraclitus doesnt think theres any point buying this just yet at these levels so its not like we all agree on the value here so he would probably agree with you