Quote:"Regrettably, there has at times been an uncomfortable...

Quote:
"Regrettably, there has at times been an uncomfortable relationship between Minemakers and UCL which may have been an impediment to reaching an agreed deal and successfully achieving mutually beneficial outcomes for all shareholders."
End quote.

Yes there has been discomfort and one party is responsible for that. Hopefully Lawrenson will indeed bring a fresh perspective that leads to a combination of interests on an equitable basis. I lean to MAK receiving an in specie distribution of UCL shares for their interest in Sandpiper. That would leave UCL free to drive the development forward and he can focus on raising MAKs share of capital.

As Lawrenson has no emotional ties it should be sensibly attractive to him. In the near term he can concentrate on the fundraising his resume suggested he was hired for, in the long term he an develop Wonarah for MAK shareholders.

By the way if MAK spent $1.5 million in on their offer then the 4051719 UCL shares they acquired cost them 37 cents per share PLUS 1.3 MAK (24.7 cents worth based on 19 cents trading price. 61.7 cents per share, what a disaster, hopefully the UCL offer for MAK doesn't end up being similarly costly.