The HOA by KZL in November stated that the deal was conditional on MUX getting a private ruling with regards to tax payable. Ok, they did that and the amount looks ridiculous compared to what was expected (2 mill) and how much cash MUX have 8-9 mill. In reality, the QOSR will get 75% or about 3 mill. The QOSR stated themselves that the assessment is negotiable. It's rather absurd for the QOSR to ask for more money than a company has funds for. The good news to take away from this is that the deal must be going through and that the MUX board have approved it. I wonder what is going through the heads of some government people??
All the details are here:
http://www.munganagoldmines.com.au/sites/default/files/20130215%20Suspension.pdf
The HOA by KZL in November stated that the deal was conditional...
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