In my humble opinion, Mandrake - at least on surface - is a...

In my humble opinion, Mandrake - at least on surface - is a 'mates club'. Burke is a serial board seat warmer, the latest being LYN. He has no time to dedicate his full attention to Mandrake. Not a bad money earner being on the board of so many companies earning performance rights (shares); board fees and the like.
Jimmy runs the show as he sees fit. He has been caught out as being incapable of performing simple project management in regards to procuring the rig for the fourth hole. Really, the debacle is juvenile stuff.
Flint is the rubber stamp aka 'yes' man on the board, probably runs his own accounting firm and handles Mandrake tasks on the side. Also too busy to focus his attention on Mandrake.
I am also of the view Mandrake isn't a company as such. I don't believe there is any full-time/part-time staff. Simply a one-man 'Jimmy Show'. Has anyone come across any evidence there are employees? All the geo services would be outsourced.
The office would probably be a serviced office building with other organisations paying the building owner for use of shared services.

Mandrake has taught me a huge investment lesson, albeit a financially painful one:
- I will no longer invest in a company with only three member boards
- If you say one thing in the quarterly (or announcement) and don't 'walk the walk' then forget it
- Board members who hold few shares (aka little 'skin in the game') won't get my attention.

For those keen to reach out to the top 20 shareholders, suggest you start with JM Financial Group - the largest holder (http://jmfg.com.au)