OK Dapper I will do the rough Maths for you...Start with 50mLess...

OK Dapper I will do the rough Maths for you...

Start with 50m
Less BCD -8.5m
Less Capitalised Exploration -17m (Movement of BS)
Less Difference of Trade Creditors between 09 v 10 -2m (Movement of BS)
Less Expenses for the 10 FY -5m (Excluding Depn and Share Based Payments)


Equals approximately 17m

All this information was from the Financial Report released on the ASX website Dapper, I understand that you are somewhat upset with the management and the lack of timeline, but seriously sometimes saying that MAK has been having 'party time' is pretty unfair on the management team on MAK.

To use the old saying, to make money you have to spend money, and well in my opinion they are doing the right thing by increasing explarations in the times when the Phosphate prices are low, so when they are at all time highs we will gain higher shareprice appreciation.

Companies are like shares, you don't want to sell your shares at an all time low, you need to sell at an all time high prices.This cpy will grow, you just need to wait and trust that the MAK team knows that they are doing, and so far I am giving the benefit of the doubt to them, and when I do not trust them anymore I will sell.