CPN was below 70c at end of April, it is $1.03 now which is...

CPN was below 70c at end of April, it is $1.03 now which is still 40% more than what it was. MAN was at 16c, it is currently 15 c still below to what it was. MAN has taken the same approach as CHN and is in the same jimpermadig ultramafic belt as Julimar. MAN has also taken the same process, that is rock sampling Ems and aeromagnetic survey. It has identified 3 main conductors spate and now the drills are directed at them. MAN has $6 million and now just raised another $12 millions. It's enterprise value is only $47 million. The market capitalization for CHN is $2.64 billion and LTR is $1.64 billion. MAN is only $65 million. MAN is only skin and bones, no fat on it.
Allchurch is a geologist in a CEO's clothing. He has not help to promote the company, just present the facts. It has taken the approach of "you get what you see". Today, you need to package and present your product in a marketable manner. Smart money could be buying everything in the market now, ahead of the drilling results which may still take some time. We need to have patience as management appears to be taking their own time to do their work. MAN has not paid for the tenements but has the option of purchasing the tenements for $8 million. It looks like management's is careful with the use of funds. Part of the drillings and capital raising fees are paid for in 30c options. Personally I see the risk is more on the upside as the company's share price has not increased since the announcement of the commencement of drilling, instead the share price has be going down at the hint of capital raising.