There is a genuine buyer for PAS, page-3

I picked up some more today, and am happy to attribute this to an end of year sale put on by the tax loss sellers. Although the potential returns are wholly reliant on the remaining minorities (particularly the 10.1% holder) sitting tight, it is simply too good value to pass up at 31.5c. Colliseum could sell this tomorrow for 70-80c and would have buyers lined up. I'm sure they'll emerge soon with another low ball bid, but I can't see how an offer anywhere near the current price level would be worth them bothering with.