The ultramafic formation is similar to Julimar. Management dug a few holes and called it a day. Like Berinka, they left Newleyline to go into another project, the Delfin , half cooked. After much hypes, this too is no good. if only they stayed focus on what they bought and drilled thoroughly, then they should satisfied themselves before moving to something else. MAN has paid good money for Berinka and Newleyline, so drilled the he'll out of them.
As for value, it is because it is a dog. Other similar size company has already left the platform. Of course it is good value because the market capitalisation is its cash. where is the value for Berinka and Newleyline?
MAN Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
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