Truth is 2022 was supposed to be a very busy year but the management team are running this company like they are on trip to the Bahamas, acting like they have all the time in the world. They continue to mention every presentation that they are well funded. The reason they are well funded is because the management team have been extremely slow in getting anything done.
The best part imo of the recent announcement was
Exploration Commitment: Mamba has committed to drill at least 10 holes and expend at least $25,000
on exploration on E 70/5003 prior to the end of January 2023.
This will hopefully create a sense of urgency as they need to move!!!
-Drilling southern Darling Range prospect - Q4 2022 or Q1 2023
-Awaiting rock chip results from Don project anytime now
-RC drilling at Calyerup Creek commenced updates to come
-Assays from soil samples at Ord Hill copper prospect expected anytime now
Ashburton Gold Project:
• Soil sampling completed over historical stream sediment anomaly -
assays pending
Now this latest High Grade Hyden REE Project Secured Under Option
There is major potential here with multiple projects but many holders thought similar when it was trading in the mid to low 20 cent range earlier in the year. This company has about 61 million SOI and about 50 % are owned by the top 20 which is a improvement from last where it was about 46 % Any decent news the stock price could go on parabolic run especially due to the low soi and Market cap of around $8 million.
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