MAN mandrake resources limited

10.0%

2.2¢

Ann: April 2022 Presentation, page-7

First 7 Last

Share
Profile

Follow
FD20

1,133 Posts.

285

01/05/22

07:34

Post #: 61127200
Share

Originally posted by malay: ↑

I agreed with many posters here that the Allchurch did not fit into his role as CEO of the company. He has no skin in the game. The perception is that he failed miserablely when the first few holes did not come up to scratch at Newleyline . Instead of drilling more holes to find where the minerals are, he just froze in his role. Even in Australia he could not act on small things, what can be expected of him thousands of miles away.
In FFX, I learned that directors who had no skin in the game choose to walk instead of looking for the right solution. Subsequent directors who have shares in the company found a way out by electing Macquarie Bank as an adviser to find the right partner. Instead of occupying the seat of CEO, Allchurch should step aside for someone who is more capable and willing to commit. Look like Allchurch is good at locating good opportunities, perhaps that should be his role, instead of running the company.
MAN needs a national manager in Chile to look after that aspect of the company. Have they gathered their team yet? Allchurch needs to show he is serious in his role by acquiring some shares in the market. Until he does that, his personal interest is not in alignment with the shareholders.

Expand

Your argument is a contradiction of logic. You need a proven resource (tenement) AND the management to advance the project to be successful.

Investors need to remove the blinkers and realise that management and the board have shown they are poor at executing their roles. Until this changes MAN will continue to frustrate investors.

MAN Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.2¢		Change 0.002(10.0%)		Mkt cap ! $13.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$112.5K	4.969M

Buyers (Bids)

No.	Vol.	Price($)
3	672163	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	695871	5

View Market Depth

No.	Vol.	Price($)
2	626709	0.022
4	1310000	0.021
4	1550000	0.020
3	1618282	0.019
4	2555555	0.018

Price($)	Vol.	No.
0.024	315871	4
0.025	929514	4
0.026	1100000	3
0.027	200000	1
0.028	550000	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

MAN (ASX) Chart

Ann: April 2022 Presentation, page-7

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: April 2022 Presentation, page-7

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News