qtrly, page-34

The major problem with MAK is obviously the management headed up by Andrew Drummond.
To put it bluntly he has been conned by VERTE who when he signed the MOU had no track record, crikey, they didn't even have an operational web site at the time.
I knew and anyone who had contacts in the financial institutions could have told him that they did not have any hope of signing a Financial Joint Venture partner, especially to the degree that his master plan entailed.
He has not even had the fortitude to be upfront and honest with his comments in the quarterly released last Friday re the outcome of VERTE?
Andrew, tell us the FULL STORY!!!
He has been spending money, shareholders funds, at an alarming rate.
Have a look at the appointments instigated by him to advance Wonarah?...None of them have been dismissed even though they have achieved nothing...just what is that costing us a month?
At the current cash burn rate he will need to raise further cash in the not too distant future and what do you think that will do to the allready disastrous share price, we are still all underwater from the last SPP and i can assure you that NO ONE will fall for that again considering AD's dismal track record.
MAK has terrific assets, that's why we bought into the company, but the current management team have totally lost the PLOT!!!