MAN mandrake resources limited

Ann: Acquisition of HighGrade Copper Exploration Project in Chile, page-39

  1. 7,717 Posts.
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    They've sold it for $1mill cash plus $3.5mill of shares at the time of sale. It has added over $11mill of market cap today and the only winners are still management by getting 30mill shares ($3mill) when the SP gets back to the price it was 8months ago?

    They have to pay an additional USD$4.8mill in 2 years time to secure the project aswell!

    Plenty of cash to drill it and the land looks good, but why are Atacamoz Pty Ltd selling it for so cheap...
 
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