The issues that MAN has at the moment were not evident when the...

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.