the facts are that MAK need $100 million + to make their phosphate project viable...
would not have been a problem 2 years ago but in this market, with bank lending criteria what it is, how are they going to raise $100 million?
meanwhile they continue to burn cash while someone like IPL sits back smoking their pipe.....IPL will probably grab it for a song in 6 months time.
tragic but the way of the new world.
how low can it go, page-2
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