The Australian reports:
"Auditors had also warned of "inherent uncertainty" regarding Oaks's ability to continue as a going concern, with the company owing more than $70m to ANZ and NAB banks."
See The Australian
"The directors of Oaks yesterday proved they had not given up, issuing a brief statement to say that the company had been presented with a counter takeover offer believed to be pitched at 60 cents which it was examining."
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