All claims now settled and board wants to return cash on hand by...

All claims now settled and board wants to return cash on hand by February 13.

Cash on Hand at the end opf last quarter was $26,985k. The two claims were settled for around $3.7m in total (interest & GST included.

That leaves $23,285k on hand (ignoring any interest earned. or $0.052/per share. This ignores the value of the investment in Cashmere ($0.0044/share @ cost)and the remaining temanets that they hold.

Effectively we should see the SP jump today to around $0.0545/share to reflect the discount of the outstanding claim that has now been settled for $5.2m less than what was claimed.

This is the reason why Sir Ron (MVT) has been steadily increasing his holdings in MMX over the last few months.