I am starting to reach the conclusion MDI is fast becoming a lifestyle company benefitting employees over shareholders. As an example of a lifestyle company consider 88E. A lifestyle company very broadly is where there is no active work program planned, while staff indulge in big fat salaries and end up doing sweet FA. In 12 months they have drilled 3 (sorry, 2 and a half) holes and that is only because they scored Government money. Now 9 times out of 10 these tiny exploration companies do not have cash and cannot drill yet MDI cannot use that excuse. They raised a relatively significant amount 12 months ago and could have easily afforded a modest drilling campaign this year. What do other shareholders think?
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