MAN mandrake resources limited

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  1. 11,048 Posts.
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    You are certainly correct in your interpretation of events. For people that are uncertain about the company they should revisit the company two years of announcements.
    I first bought into the company because of nearology last year. I have sold some to free carry. I have since changed my mind and bought back a few in view of the progress the company has made and the improving outlook. I also noticed that the largest share holder has increased the company's investment from about 10 million to 23 million, and now to about 31 million shares. Unless there is confidence in the outcome, no one will invest that type of money.
    The tenements MAN holds are not virgin tenements. Historically they have been drilled and there are datas available by different companies. MAN has confirmed the existence of ni cu through rock sampling. Recently it has also done rock sampling for pgm and PGE and has positive results. Ems surveys and bullseye aero magnetic survey has come up with 3 conductors target. The drillings are to confirm and to ascertain the existence of the resource we are looking for and what we have. Management's approach has been systematic and appears to follow that of Julimar. The steps taken and the results are comparable to Julimar are to now. The final phase, drilling will comfirm whether we have something outstanding like Julimar. I am hopeful that we will have something that many that sold out will wish they haven't and will be buying back at a higher share price. Good luck holders.
 
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(20min delay)
Last
1.8¢
Change
0.000(0.00%)
Mkt cap ! $11.29M
Open High Low Value Volume
1.8¢ 1.8¢ 1.8¢ $7.505K 416.9K

Buyers (Bids)

No. Vol. Price($)
1 434358 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 2286371 7
View Market Depth
Last trade - 15.47pm 25/06/2025 (20 minute delay) ?
MAN (ASX) Chart
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