Interesting that on page 24 they highlight tax losses in excess...

Interesting that on page 24 they highlight tax losses in excess of $A100M. This suggests that they may be open to an offer from an entity that is looking for a lucrative back door listing to the ASX.

Highly unlikely I'd say.  ASX has clamped right down on backdoor listings and made it very difficult and time-consuming for recompliance requirements. I'd say they highlighted this just to show that it's going to be a long time before profits are impacted by taxes - which is a positive for investors if they ever do happen to make a profit.  Unfortunately it also highlights what a total disaster this company has been over the years.  Fortunately the past doesn't necessarily dictate the future.