MAN mandrake resources limited

price drop, page-25

  1. 11,201 Posts.
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    That was a amusing read, holders talk like they expect that some magical grade is going to come out of one of the next drill holes, or the stock price is being manipulated.
    This is not Julimar we are talking about this is inland high ground of mixed rock types mixed with little soil and lots of clay, the first round of drill intercepts have shown what I expect will be the norm throughout these areas above Julimar.
    It is peoples misunderstanding of geological differences that cost them almost all there money.
    Just because a company says there exploration leases are similar or they interpret there ground to be within the same geological structure, does not mean they are correct.
    For starters you need to be on the same fault line, not on a complete different ground level essentially pushed up by the fault line that created the Julimar complex discovery.
    Anyone live in this part of WA and have looked down from the top of Greenmount hill over Perth or in the hills North of Perth and looked down at the Julimar leases , or has walked through the hills and inland bush ?, these areas are completely different to the Julimar complex, and very high up.
    Any company comparing there high ground leases to the Julimar complex is insane to say the least.
    These leases are close to worthless in my opinion.
 
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2.2¢
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-0.001(4.35%)
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Price($) Vol. No.
2.3¢ 320472 1
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