Yep. The OFSR seem intent on sending another company into admin...

Yep. The OFSR seem intent on sending another company into admin through excessive taxation. This is without a doubt a setback for the admins, however, in the scheme of things it's not excessive but...

KZL were looking to rob MUX of it's main asset cheaply but might have to front some extra cash 3-6 mill to offload their MUX stake in exchange for gold rights valued at 12 mill over their stake (25-38). MUX will also have to pay 3-6 mill instead of 2. This assumes they can't negotiate the fee down, but just the process itself adds 3-6 mill of cost and delays to the admin process etc and muddies the water with respect to selling other assets tied together with MUX. I think KZL were looking to hang onto either Mungana Zinc or gold but now they may be pushed to wind it all up. MUX may also not survive.

Taxation will be death of everything, whilst ministers pay themselves 10-20% more a year. The big Aussie companies are starting to move offshore. WPL for example.