Ann: Entitlement Offer - Dispatch of Prospectus, page-13

Ok so the ASX requires 4 million in cash to relist and will automatically delist us in about 10 months if this CR fails due to the 3 year rule. Remember at one point I think we had a little over 2 mil.

So your investment decision is.

100% wipeout - bankruptcy
~100% wipeout - take part in entitlement, shares relist at possible value ( 1c )
~50% wipeout - emetals gets a bit of interest in the tenements and begins trading at 2c plus.
~dream case - the drill rigs hit the ground asap and we get some large tungsten or gold intersections 3 to 4c
~150% wipeout - you take up your entitlements and very little buy offers appear, not enough volume to sell your shares.