what is going on, page-21

Hey Regulator....don't worry about short term pain.

Once a deal is signed & becomes a certainty you can rest easy knowing that it is guaranteed to go into production & that the funding to do so will be no problem with NMDC calling the shots.

Not rubbishing MAK, but without NMDC I think there aren't many options in this current economic that can guarantee funding for a project as big as Wonarah, so MAK have to decide wether to take a bit of a hit financially to get the project into guaranteed production or wether to stumble around for the next 12 months or maybe longer looking for other investors & deals to try & get the funds needed to make it happen & any such deal(s) will only probably end up with a share price hit & dilution anyway.
So it sort of is a situation where it is probably time to swallow the bitter pill to get it moving a quick as possible.

Here's hoping for the best outcome for MAK & LCY shareholders.

Cheers
Digby :-)