Ann: Half Yearly Report and Accounts, page-2

Subsequent to the half year reporting date, on 28 February 2017, the consolidated entity did not
complete and settle the outstanding balance of $2,000,000. In accordance with the deed terms,
the consolidated entity is liable for a second $100,000 ‘Default Payment’.
The consolidated entity via its subsidiary, Morning Star Gold NL, is currently pursuing a
negotiated outcome with Chillee Limited, in order to agree alternative payment terms for the
outstanding amounts. In the event that negotiations are not successful Chillee Limited may act
on its security by seeking recovery against the assets of Morning Star Gold NL being the
Morning Star Gold NL project and associated plant, in settlement of any outstanding liability.

oh dear, if everything fails MS is gone...

Chillee pulled the pin on MCO, would not be surprised if they pull the pin on MNM...