MAN mandrake resources limited

I’m not that long term as some are. I do go back to when they...

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    I’m not that long term as some are. I do go back to when they were riding the nearology wave of Chalice’s Julimar play. That’s when I got on board before the $0.20 cash raise. I give management a 9/10 for that raise.

    The company was re-floated on ASX from the ashes of Bronson Group and renamed. Berinka (which Jimmy held a part share in the private company that held the tenement) was the only holding. That project has never had any exploration plan aimed at searching for minerals. I give management 3/10 for that project.

    Newleyine has only four holes drilled. on the basis of the cash raise they said they would in the announcement released to the market the funds would go towards the tenement. It never happened. Yea Covid got in the way. Can you honestly make an assessment on the basis of four holes considering they never looked at the targets at Tolarno and Tolarno South. 5/10 for that project.

    So overall 4/10. That’s being generous.

    If you are considering investing I suggest you look at management performance not cash in the bank and that includes communication. You won’t find a single interview or video of Jimmy. Social media posts went silent for a long time and only has just commenced eg LinkedIn. Then there’s the 3.25m free shares they handed to Next Investor to “promote” the company.

 
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1.8¢
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Mkt cap ! $11.29M
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1.8¢ 1.8¢ 1.8¢ $4.436K 246.4K

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Price($) Vol. No.
1.9¢ 373333 2
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Last trade - 15.59pm 20/06/2025 (20 minute delay) ?
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