From the chairman's address last October "Since its restructure...

From the chairman's address last October

"Since its restructure was completed, the Company has been engaged in exploring a range of
strategic options in order to maximise value for shareholders in the future. The Company’s
position as an ASX listed entity with carefully conserved cash reserves as noted above, and
no debt, means that it is well placed to move forward once an appropriate opportunity is
identified. Indeed, from a working capital perspective, as at yesterday’s date the company
has cash at bank of $866,940.
In the period after the global financial crisis, we found that very few such opportunities were
available. With the more recent upturn in the market, corporate activity in areas of interest to
Tyrian has been increasing, raising our confidence in concluding an arrangement of value to
shareholders in the next period. In fact we now have a short list of such opportunities on
which we are currently conducting Due Diligence. Tyrian continues to engage TC Corporate
Pty Limited as advisers to work with the Board on this process."

Looks like they found that opportunity and are ready to make a move !