Ann: Extension of Time for Second Meeting of Creditors, page-5

Forgot to add - even the "refractory miner of last resort" Agnico has a limit, and is not interested in this process at the moment and that's telling. The Chinese will not get FIRB approval, so they can be ruled out, so I think the next step is for everyone to take a 100% haircut on this and then for someone to be given money to take the assets off the administrator's hands as there would be enviromental bonds and cleanup costs and ongoing costs of care and maintenance so the actual realistic value of Wiluna is currently a negative amount of money.

It's akin to trying to sell an unregistered, stolen, unserviceable 25-year-old car with multiple financiers while it's on fire. Its valued accordingly by the market.