trading halt, page-8

What's a material asset? In my opinion only Wonarah and Sandpiper, Wonarah for the long term and Sandpiper for the near term.i would be suprised if either was disposed of in full but would expect it to be Wonarah if so. The reasoning is it is a massive capital project still 5 or more years away whereas Sandpiper can have MAK generating cash flow and developing financial strength within two years. The bird in the hand principle.

MAKs view of material is different from mine though. Most of their assets are rubbish but they think they are jewels. It could just be they are flogging off something like the salt prospects and deluding themselves it is meaningful.