I thought it obvious if you read the mux trading halt release. when someone has a duty assessment from a revenue dept, they are not getting money, I would assume they owe duty on the transaction. I may be wrong but that's what it looks like to me.
1. the trading halt is requested pending an announcement by MUX regarding a duty assessment received from the Queensland Office of State Revenue in respect of the Gold Rights Agreement over the Chillagoe assets in North Queensland;
12 February 2013 ASX Limited Elizabeth Harris ASX Listing Adviser [email protected] Dear Elizabeth, Mungana Goldmines Limited - request for trading halt Pursuant to ASX Listing Rule 17.1, Mungana Goldmines Limited (MUX) requests an immediate trading halt in its securities, being ordinary shares (ASX code: MUX). In accordance with Listing Rule 17.1, MUX advises the following: 1. the trading halt is requested pending an announcement by MUX regarding a duty assessment received from the Queensland Office of State Revenue in respect of the Gold Rights Agreement over the Chillagoe assets in North Queensland; 2. MUX requests the trading halt remain in place until the earlier of such time as it makes an announcement to the market and the commencement of trading Friday 15 February 2013; and 3. MUX is not aware of any reason why the request should not be granted or of any other information necessary to inform the market or ASX about the trading halt. Yours sincerely, Ben-Louis Ludik Company Secretary
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held