An offer over $2 million is needed for shareholders to receive...

An offer over $2 million is needed for shareholders to receive anything.
The drilling information obtained at Nabarlek is the first asset and the interest from drilling at Dome5.
Not certain if UXA Resources' losses go with the company or not. If they do the shell will be of interest to some.
Also not certain if directors and others may have their own claims.

An interested party is likely to come in now that the baggage is gone. So UXA may well continue but leave former shareholders with little or nothing -- unless a white knight offers $5 million.