MAN 7.14% 3.0¢ mandrake resources limited

Ann: Change of Director's Interest Notice RF, page-13

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  1. 11,245 Posts.
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    hahaha you are kidding GLN poor financial position has nothing to do with MANs excellent strong financial position,

    Remnember when GLN invested in MAN , GLN was booming, it appears GLN and ASN both didn't see the impeding situation, whereas MAN saw it, conserved cash and went ahead obtaining historical drill cores and data to compile an inferred JORC resource cheaply while GLN and ASN ploughing through precious cash. I cannot wait to see the MAN JORC esource released, given the very cheapMAN shares and a market cap of only $17m, MAN shares could surge 5 fold very quickly on this JORC.

    MAN are now in the enviable position of sitting on a monster cash position of $15m whilst ASN in particular are spending cash like there is no tomorrow and ASN will be out of cold hard cash in 1 more quarters time.

    Remember MAN haev 45 years of cash left hehe
 
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