MAN 4.17% 2.5¢ mandrake resources limited

Ann: DLE provider Electroflow achieves 92% Lithium recovery, page-8

  1. 2,811 Posts.
    lightbulb Created with Sketch. 1619
    lilac solutions was also fully backed by bill gates and all the LKE shareholders loved to repeat that ol' chestnut, being backed by bill gates breakthrough energy fund means literally nothing, he gives a few million to some minnow companies on the calculated risk that a few of them become huge, if 95% fail but 1 goes to 1 billion dollars then its a winner so don't get stuck in that narrative, he says so himself
    https://hotcopper.com.au/data/attachments/6186/6186880-c55fa85dd94f9f12683d2144fc7e07e5.jpg
    i like MAN and obviously they parallel a lot with ASN but there is a long long long road ahead for MAN so i wouldn't be planning to retire on your riches anytime soon, they likely wont see any lithium sold until 2030, I've seen ASN go through this with initial DLE results, drilling results, JORC resource, PFS all before they got to 100m MC and that was in a very different time for the lithium market, as SAAB says there are likely still approvals to be granted, electroflow "planning" something isn't them 'doing' something, if they had the approvals they would have already started by that same logic, still got a long while to buy at these prices i think so take advantage of itbiggrin.png
 
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