MAN 0.00% 2.8¢ mandrake resources limited

Ann: DLE provider produces 99.9% battery-grade Lithium Hydroxide, page-14

  1. 224 Posts.
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    should be trading above ASN market cap? How do you come to that conclusion? Compared to where they are we are prob not far off fair value. They have more cash than us, are much more advanced, and to get to their level we need to raise a lot more.

    If you want a quick dollar the best bet would be to sell off the project, otherwise it will be a long expensive wait. So much rubbish advice flying around with price projections. That is to say, there is every chance to hit that market cap, but it would be after a lot more time, work, capital raising, finding possible JV and reliant on a resurgence in lithium price. If that all came into fruition I suspect it would be worth a lot more than the number you are throwing around, but certainly not at this stage.
 
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