MAN 11.1% 3.0¢ mandrake resources limited

Ann: Annual Report to shareholders, page-46

  1. 10,333 Posts.
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    Hi biag
    I agree MAN is extraordinary value at the moment at these prices, and so i am back in with a small parcel today !

    I am prepared to wait for the drilling results the surface samples as well which i have a sneaky feeling will show PGE's and lithium and REE's, and i am prepared to wait for their proposed acquisition !
    I have a distinct feeling this is these 3 coming announcements will launch MAN into the value it should be of at least 10 cents !

    Now i would also want to see Mr Alchurch exercise his 18m options which expire end November, i believe that is a given and she is away !

    Failing all this which would be almost impossible, then yes one would think we need a refreshment with all that mega cash balance !

    But given the conservative nature of the board with the cash i feel this MAN train is about to leave the station shortly !

    Remember, even if we take away the $12m they raised recently at 20 cents, the cash balance has actually gone up in the past year !

    So thank you and welcome me on board again even though a small holding !

 
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