re: Ann: Repositioning Mungana - Heads of Agr... Koolology, I agree MUX doesn't have the money. It will have to be raised and not from shareholders as KZL cannot contribute and would not be inclined anyway. Borrowing/convertable notes etc?
What I am saying is MUX is giving away their Mungana project for a pittance. What alternate arrangements has MUX considered to realise the Mungana value. The administrators of KZL are going through a sale process to raise funds for KZL creditors. It may suit KZL to hold all of the Mungana project, base metals as well as gold. Does it suit MUX?
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