MAN mandrake resources limited

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Ann: High grade gold results and Ni-PGE potential at Berinka, page-88

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sharebroker1

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04/11/22

08:12

Post #: 64581857
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Originally posted by malay: ↑

I have been on MAN's register since it was relisted, allatsea and a few of the old timers here could vouch for that. I increased my holding when M A N acquired Newleyline, the next best thing since Julimar. When they came out with nothing, I sold down as management didn't do anything about Berinka then and Newleyline todate appeared to be a flop. Then they sold Delfin to me, so I bought back everything I sold and more. Then the story on Delfin discontinued.
I have supported management so many times, if that is not loyalty, what is?
I also have a responsibility to look after my own investment. Although I didn't pay the 20c as many did here, because of my holding and the share price down from 20c to the recent low and cash value only, a low of 3.4c. This is a loss of 85% and 50% of 6.5c since the announcement of Delfin. The market has effectively given a ZERO value for Berinka and Newleyline.
Yes, SB is correct that the company is worth at least 10c on the tenements value and the cash of $17.2 million the company has. The market has ignored all that, not given any value for any management labor.
Management should have a look at themselves and humbly accept the constructive criticism level at them.
I praised management when they did something good and criticised them when they failed miserably. If that what you called hot and cold, I accept that. I called as I see it. Management has to lift their act.
For the record, I can list at least 20 over companies, similar to MAN that has better value to date.
I can accept drilling failures but won't tolerate management who failed to deliver their promises.

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Malay, Please list these 20 stocks you say are better value!
Maje sure they have similar MC and cash in bank though of course!

PS, just wondering what you average is Malay, canty be much higher than present levels surely ?

Last edited by sharebroker1: 04/11/22

MAN Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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Ann: High grade gold results and Ni-PGE potential at Berinka, page-88

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Ann: High grade gold results and Ni-PGE potential at Berinka, page-88

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