MAN at 20 cents is not the same company it is now. What the fund managers invested in at the time was a different beast that it is today. It was also a different investing climate with the sentiment on the nearology players in the Julimar area being positive. As I have said many many times, none of the nearology players have found a mineable and economic resource to date - any assay result that is not spectacular (as opposed to good or very good) the share price is smashed. We saw this first with CPN. MAN followed suit.
I again contend you can have $100m in the bank, but unless management have the competency it means nothing. I mean how hard is it with $16m to organise a rig for a single hole? Why not extend the programme to drill the targets at the two Tolarno sites?
One other point, you're clearly a trader - in and out or a quick buck. Long term holders are here for exactly that. We're not interested in pip trading; we are more concerned about management competency.
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