The ordinary shares are effectively trading with a 2 cent option. If you think that 2 cents is cheap, then buy as much as you like up until 28/11 (just keep the 2 cents spare).
From the announcement;
The Offer is being made to all shareholders of the Company (Shareholders) named on its register of members at 5.00pm WST on 28 November 2013, whose registered address is in Australia or New Zealand.
