AGM - Questions and Answers, page-104

The issues that MAN has at the moment were not evident when the share price was north of 20c. There's a big difference.

Doing a cut-and-paste job by sending the same response to shareholders who email Jimmy asking about progress of the fourth drill hole only to be told they can't secure a rig due as a result of man power shortages with $16m in the bank is a good example of the Mandrake post-20 cents. There are real and genuine concerns how the company is being run.

But it seems you have a black and white view of investing. If only any company with EV of near $0 with so much money in the bank is a sure winner.