Excellent post, thanks for the well presented explanations.
MAN investors could learn a lot from ASN holders, they’ve been around a lot longer and know the ropes.
There are no shortcuts in this industry, so expect it to take years.
If this project is to succeed, MAN needs to re-enter wells to test for current pressure, flow, draw-down and stabilised lithium concentration. This data is essential if they want to base the following financials and plant design. It only takes a few weeks and doesn’t break the bank, MAN had organised the drillers and have the approval.
It’s very strange that 6 months later MAN still seems to be avoiding this at all cost, something doesn’t sit right.
It’d be beneficial for readers here if other holders would join in on discussions rather than the resident pest.
MAN Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
(20min delay)