Here is what the Australian had to say
Meanwhile, Minemakers (MAK, 7.5c) yesterday was spruiking its plans to buy a rock-phosphate venture in the Republic of Senegal, in an $8m-ish scrip deal.
Minemakers hopes to extract 500,000 tonnes over the (short) life of the project, benefiting from the $7m of work expended by the previous owners.
Meanwhile Minemakers hasn’t given up on its billion tonne, multi- billion dollar Wonarah project in the NT. But to describe this one as a slow burn is an understatement and we long ran out of patience on this one. Avoid.
Too good to be true?, page-13
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