MAN mandrake resources limited

10.0%

2.2¢

MAN and Electrolith are partnering here, take a look at the...

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07/05/24

08:53

Post #: 73696645
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Originally posted by Drake2021: ↑

should be trading above ASN market cap? How do you come to that conclusion? Compared to where they are we are prob not far off fair value. They have more cash than us, are much more advanced, and to get to their level we need to raise a lot more.

If you want a quick dollar the best bet would be to sell off the project, otherwise it will be a long expensive wait. So much rubbish advice flying around with price projections. That is to say, there is every chance to hit that market cap, but it would be after a lot more time, work, capital raising, finding possible JV and reliant on a resurgence in lithium price. If that all came into fruition I suspect it would be worth a lot more than the number you are throwing around, but certainly not at this stage.

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MAN and Electrolith are partnering here, take a look at the announcement yesterday.
Aldo a partnership with Bill Gates backed and funded Electroflow DLE for Zlithium extraction.

I guess the huge thing now is the fact that MAN lithium comes up as 99.9% pure battery grade from extraction DLE, so this is very strong for this project moving forward.

MAN Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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(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

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