Well it's quarterly time and maybe the real truth of the state of the other inspired MK forced investments, the terrible twins OLY and MAL will finally be revealed as both boards seem to have some real problems actually letting shareholders know what is really going on with these two gems.
When OLY releases its report (but don't expect it to meet the 31/7 deadline, as for them meeting deadlines is the exception not the rule) will we see the extent of the issues with their Kalimantan plant? They had to borrow another $1m from TTY to survive in May, so expect more red ink and waffle.
As to MAL, are they ever going to admit to the size of the problem last November of the cyclone damage to their jetty. Take a microscope to their releases and you might find mention, but it seems to be trivialised. Trouble is it isn't trivial. (Funny the way the shareprice has cratered, some seem to know).
No doubt nowhere near the problems faced by the TTY board with MON, but just more cr*ap left behind by MK that is going to have to be cleaned up.
As part of the cleaning up process, let's hope that as major shareholder TTY tells these boards that they will not tolerate past practices so favoured by MK and all must be revealed.
Time to lift the game Barry!
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