MAN mandrake resources limited

2.56%

1.9¢

Ann: Half Year Accounts, page-5

First 5 Last

Share
Profile

Follow
sharebroker1

13,666 Posts.

777

10/03/25

12:56

Post #: 78199633
Share

Originally posted by the technician: ↑

They have to truck the brine to the California lab and truck the "Delithiumed" spent brine back to dispose of until the pilot plant is built and then continue this process at the pilot plant which has a tiny output of on a few hundred Kg per year "Pilot plant" as a description is very flattering .
In addition they need to re-enter the same wells theyve tested to draw brine and unfortunately they don't own those claims so they will need to purchase them 1st which there is a mechanism to do this under the WAA they signed the only thing is that this agreement was with a company that is now gone bankrupt so how/when this gets done is anyone's guess .
Bottom line is i don't think anyone at MAN really considered what the financial implications of this "binding" deal would be .When consider the costs of
- purchasing the rights to the wells
- grading and construction of suitable roads out to the well sites
- well head "work over rig" to pump brine
- all the transport costs
- disposal fees of the spent brine as they don't have a UIC permit or well
- the additional staff to run the operation
I can see now why there's been no movement for a year the $13 million they have left is not enough they will need to CR but there is no one in the register who would take part anymore so here in lies the problem .
Happy to be proven wrong .
I'm still watching to see what evolves out of this I think that JA will sell it on IMO just too hard but you never know maybe a new insto might inject cash into it ?

GM TT

Expand

Jees no wonder you are spewing.

Your mob ASN are running low on cash, and here is MAN with a whopping $13.5M in the bank.

Imagine as you said if they sell this project, could be massive.

Well surely time to get back in , time to put a small buy order in the queue

Last edited by sharebroker1: 10/03/25

MAN Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.9¢		Change -0.001(2.56%)		Mkt cap ! $11.91M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$30.54K	1.613M

Buyers (Bids)

No.	Vol.	Price($)
2	585000	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	632742	5

View Market Depth

No.	Vol.	Price($)
2	585000	0.019
5	1904026	0.018
4	1520902	0.017
2	101268	0.016
1	33340	0.015

Price($)	Vol.	No.
0.020	632742	5
0.021	826825	4
0.022	1015601	2
0.023	913465	3
0.024	620639	3

Last trade - 11.57am 16/06/2025 (20 minute delay)

MAN (ASX) Chart

Ann: Half Year Accounts, page-5

This stock is crafting a cure for Huntington's – and it's making progress

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Half Year Accounts, page-5

Top Stories

This stock is crafting a cure for Huntington's – and it's making progress

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News