MAN mandrake resources limited

Ann: Acquisition of HighGrade Copper Exploration Project in Chile, page-63

  1. 256 Posts.
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    I don’t think he is either, just conveying to the forum that once bitten twice shy. I think this announcement creates more questions than answers.

    -deceptive marketing of stock through third parties known for pumping and dumping stocks.

    -30 mill options for carrying out the duties you are already getting an inflated salary for.

    - the fact this apparent find full of copper is being sold for 1 cent on the dollar.

    - massive sovereign risk of Chile and nationalisation of resource.

    - the fact the company has only managed 3 holes in 12 months with 18 mill cash

    - no skin in the game from management

    - No evidence of successfully exploring a site, let alone developing a mine.

    most of the people on this forum are large holders and would love this to be a huge success. Scepticism is healthy when investing and there is serious trust issues with the company. Communication is still poor. People on here having a go at fellow holders because they show concern that the company has done minimal work in 12 months is just as concerning. Did anyone even know the company was changing direction to chasing copper? Or was that subject to non disclosure? Transparency is not only desired but expected.

    let’s hope this is everything that the company says it is. I wouldn’t mind 30 mill shares for due diligence in this company.


 
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