freight costs, page-61

Very well done peteai. Nothing beats doing your own research. You have verified what a number have been saying, and that is, MAK have been very conservative in their OPEX costs (as the figures were based on oil at much higher prices than they are now ... well over $130 mark per barrel from memory).

I too have been in contact with MAK a number of times and that is why I am not concerned at all with some of the negative aspects put forward by some posters. I have had my own concerns in the past and may come into more in the future. It is great to have a company so responsive and is a refreshing change compared to a number of hopefuls I have been involved in in the past.

As an example look at the history of GPN/YRR/AGU trilogy. That's simply a horror story when it comes to investor relations and transparency.