someone please explain, page-15

Mantle paid a total of $575,000 (cash and shares) for the first 87.5% of the Mt. Mulligan tenement, as per announcements in late 2007.

Assuming that it costs the same (proportionally of course) to acquire the remaining 12.5%, you will find that the newly issued 631,579 FPO shares worths about 13c each (without considering the options, which will further lower the effective value of the shares).

That basically means that even if they dump their shares at 18.5c each, they are still enjoying a return of more than 40%. So it won't surprise me if the dumping yesterday and today are from the previous owner of the remaining 12.5% tenement.

It sounds sad. But if it is the case, then the dumping is only temporary.

My opinion only!

Cheers