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3.0¢ mandrake resources limited

GLN dumped 35 million on market.

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Chris2184

10,396 Posts.

2243

01/08/24

12:45

Post #: 75025434
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Originally posted by sharebroker1: ↑

Interesting to see RF buy two parcels on market weeks apart. Why wouldnt he MAN are sitting on a massive $15m cash, no debt and a JORC Resource pending.

Management know they are very close to releasing an inferred JORC Resource and they know intricately the current situation of their other copper gold uranium projects.

Given the director buying quietly here on market, i am expecting a flurry of news activity shortly on all projects, including the highly anticipated pending JORC Resource.

Clearly now GLN have sold , the selling pressure is all gone, so i have a first target of 3.3 cents, then 3.9 and 4.5 cents pending news.
Watching with interest it appears MAN are the only company in the sector now that are sitting on huge cash and are financially sound, the rest are falling by the wayside.

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GLN dumped 35 million on market.

MAN Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.0¢		Change 0.004(13.5%)		Mkt cap ! $18.50M

Open	High	Low	Value	Volume
2.7¢	3.1¢	2.7¢	$86.42K	2.974M

Buyers (Bids)

No.	Vol.	Price($)
2	87477	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	683065	3

View Market Depth

No.	Vol.	Price($)
1	37477	0.029
3	138747	0.028
4	344585	0.027
5	780975	0.026
5	2317999	0.025

Price($)	Vol.	No.
0.030	683065	3
0.031	522407	3
0.032	509338	3
0.033	50000	1
0.034	67000	1

Last trade - 15.55pm 01/08/2024 (20 minute delay)

MAN (ASX) Chart