I have been wondering about the settlement like so many others...

I have been wondering about the settlement like so many others and here are a few musings.
The reason for the late settlement has always been that stamp duty has been held up in the S/D office in Queenland for a lengthy period, so I understand.This information has been given out a number of times, so most people are aware of it and I trust the management as I think they have shareholders interests at heart.
On perusing the Qld Govt Stamp Duty website and Iam no expert and in fact this may have already been discussed as I do not read the thread all the time but it is difficult to see the rate of duty applicable to transfer of mining tenements and plants apertaining to them, perhaps early 1 or others have already done this , and have a transfer rate applicable to this situation and there maybe exemptions making any calculation very difficult if not impossible for a non technical person like me. I am not the sharpest tool in the shed when it comes to this.
The $ consideration on the transaction is also difficult for me to work out after looking at pages and pages of independants report prepared by Stantons for the general meeting on the 15 January 2015. In the end for simplicity I took the figure that SPM purchased it from Kagara for $40 million (section 1.4) which has more than likely been previously assessed for S/D which may lead to an exemption in itself.It therefore only possible for me to put a ball park range on it .
Lets say the S/D was assessed at between $1-2million the assessment gives a legal obligation by the purchaser to pay, on a date due, and if not paid by the date due penalty interest will be incurred and it reads to me 10.15% on the outstanding amount.
It then follows logically in my mind that with the Quarterly showing cash of 1,223,000 that this may not be enough. It is a pity that the zinc and base metal prices did not hold up or increase, the position could have been easier.The management will not run the working capital right down.So it may need a small CR. The most obvious way would be a convertible note and in that way it could be redeemed without any dilution occuring after tin mining began.
This is purely a speculative post that may be completely wrong