MAN RAS Lithium Nearology ?, page-27

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232 Posts.

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29/09/22

06:31

Post #: 63932555
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Originally posted by malay: ↑

Agreed with you, remote chances of any change with current management, the way things appeared to be travelling. The share price has come to a level, deemed way below intrinsic value and only against cash basis only.
Where there is danger, there is an opportunity for things to happen. The share price is attractive enough to attract interest, not only from astute investors but small corporations as well. MAN could be used as a vehicle for back door listing with little risk. For others, it is also a cash box and not that difficult to gain control and not that much cash required.
MAN is also at a level where current shareholders are so dismay that they could take matters into their hands unless they are changes for the better. It wouldn't surprise me that there is an intend currently and some shareholders are doing something about it. Five years ago, the board of BGS under estimated shareholders efforts and was outed. Personally it is not my preferred option, but shareholders can only put up with so much.
Developments in the next 2 weeks will be interesting.

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All eyes on option conversion by MD.... Certainly has the funds, given that most MD's in his position earn about half... Almost swapping his overpayment for shares...... no conversion ...I would say that would be enough to bid farewell and swiftly to the current management.

Not hard to get 25M shares to start a process.... Maybe SB1 may contribute because I cannot possibly see how even he could put a positive spin on a non conversion. I know one thing for sure, current management doesn't have enough backing between themselves to even consider to start a fight

MAN Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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