rumour, page-2

looks like Midwest are going to subvert any shareplacement
after referring to quarterly just out
"Montezuma has entered into an agreement with Midwest Corporation Limited whereby Midwest will
purchase 100% of the iron ore rights over E52/1529 by paying Montezuma up to $6M cash plus a
royalty on production.
The deal is subject to several conditions precedent. On satisfaction or waiver of the conditions
precedent prior to 30 October 2008, Montezuma will receive an initial payment of $1M cash.
On satisfaction of certain conditions subsequent, Montezuma will receive a further payment of $1M
cash. It is anticipated that this second payment will be made in the first half of 2009.