Ann: Binding Heads of Agreement with Mungana Gold, page-5

re: Ann: Binding Heads of Agreement with Mung... Check the announcement from the administrators dated 9 of May. Total creditors, including ANZ was estimated to be $85 to $95 Million. So $35M realised from the sale of MUX will reduce liabilities to around $60M. So assuming my interpretation is correct, under an asset sales scenario, if assets are sold for more than $60M (they have a book value of over $400M) shareholders will get the balance.