Soph,
Exactly and given they are now 8 months overdue on their original release forecast date and bear in mind this study started way before that, these issues should have been made aware to the company long ago.
AD has lost all creditability!
The excuses should no longer be tolerated by shareholders.
The Darwin port expansion has not started as promised, why does he wait until now to grill the responsible ministers, why hasn't the project manager been on the governments back continually, after all this project gained "major project status" from the NT Govt???
The Super profits Tax issue has now also come to the table and yet MAK would be light years away from this tax coming into play, that's if it goes ahead.
I for one am not in anyway in agreement with this brain dead idea by Henry and Rudd, however i would laugh all the way to the bank if we in fact did have that problem with MAK. It would mean that the mine is up and running above everyones expectations!!!
What hope is there for current holders, none of us would touch a capital raising by MAK, they don't have anywhere near enough cash to commence production, the share price is at long term lows and we are faced with a potential lethal dilution of our investments if they can find some mug to place capital into this project!!!
Good luck,
dapper
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