MAN mandrake resources limited

10.0%

2.2¢

Ann: Company Update, page-180

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28/04/25

13:03

Post #: 78823920
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Originally posted by TabPerkins: ↑

Hi @the technician, you were invested here once and have spoken to JA I see.

What's your thesis on where MAN are heading,
I dont understand why they would mothball a lithium project and espeacially one in the Paradox basin.
We have Equinoor and Exon fighting over land claims and brine resources over in Arkansas
There's circa $88billion invested in USA battery manufacturing that will want local BGLC etc.

I'm not seeing the logic here given DLE can make a project economical at current market prices and with around 34% or greater premiums in the US.

Also the governments are Fastracking lithium projects that qualify on project status...

Have this Co. missed the boat ?

(at current rate of spend,$4mill pa ,with doing minimal work they will just about run out of money within the next 2 years)

sincerely

Tab

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oh dear didn't you read the quarterly report released thhs morning or are you talking about another stock.

This quarter MAN only spent $176k, and have a whopping 75 quarters of cash remaining as stated today, current cash $13.5m hehe.

MAN Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
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