Ann: Presentation to Africa Downunder Conference, page-38

I don’t see these salaries as that high compared to other explorers. However we are in a really bad position now, with low cash, no news flow (wet season) and reduced ability to raise enough meaningful cash to get anything done. Maybe a major shareholder (Dundee) may throw MKG a lifeline, the same way they threw STN one recently. They really should try raise with just Dundee and / or Lowell (long term holders) as many shares from the last raise have gone to short term institutional shareholders who just flip them once issued. It’s killed the price.

Not sure how MKG get out of this now without very bad dilution.