Ann: Repositioning Mungana - Heads of Agreement w, page-9

re: Ann: Repositioning Mungana - Heads of Agr... Koolology,you're right, real difficult to raise funds. Then next best option is for MUX to do nothing. The Kagara shareholding has not stopped MUX going to South Australia to develop the gold project there. Let the Kagara administrator get on with raising funds for the Kagara creditors, which will likely involve selling the shareholding in MUX. Kagara out of MUX at least allows the Mungana project to be revalued by the $80M that MUX wrote down the project as outlined in the MUX 2012 annual.