Ann: Contract Dispute with TDK JV , page-19

I know I'm starting to sound like the Michael Bourke fan club WA Chairman, but if you follow the level of executive resignations out of this group over the last few years, you can then imagine the many headed serpent MB is dealing with.
No one can recreate corporate memory in 7 months or so, there'll be more of these suprises you'd imagine.
Days late when dealing with the likes of Thiess Deccies Kentz JV partners means what it means, you're late and you are then in breach, that lateness on a critical contractual matter is another sign of organisational collapse.
The tough bit is, based on this situation and cronic track record being built up, it's hard to get awarded good jobs or recruite good executive around MB.
Rough ride ahead holders, traders may like it though.