MAN reminds me of the early days of ASN.
ASN was around the same price as MAN is now when they first acquired Paradox Basin land but fell to 1 cent and did a cap raise at that price with a free option as it takes a lot longer to get anything done in the USA under a Democrat government.
I personally think that the Lithium grades will be very low on MAN ground, averaging under 50ppm and probably under 20ppm for most of the area, I hope that I find out that it could be higher making MAN another great buy for me to enter for the long term.
But that all being said MAN would be a great speculative trade buy when money runs out and they need to do a cap raise closer to 1 cent like ASN ended up needing to do.
Regulatory approvals will bleed MAN dry and cause a fall in the share price and a cap raise at a much lower price, that is the price you pay for doing business in the USA under certain administrations.
MAN Price at posting:
4.3¢ Sentiment: Sell Disclosure: Not Held
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