I have been on MAN's register since it was relisted, allatsea and a few of the old timers here could vouch for that. I increased my holding when M A N acquired Newleyline, the next best thing since Julimar. When they came out with nothing, I sold down as management didn't do anything about Berinka then and Newleyline todate appeared to be a flop. Then they sold Delfin to me, so I bought back everything I sold and more. Then the story on Delfin discontinued. I have supported management so many times, if that is not loyalty, what is? I also have a responsibility to look after my own investment. Although I didn't pay the 20c as many did here, because of my holding and the share price down from 20c to the recent low and cash value only, a low of 3.4c. This is a loss of 85% and 50% of 6.5c since the announcement of Delfin. The market has effectively given a ZERO value for Berinka and Newleyline. Yes, SB is correct that the company is worth at least 10c on the tenements value and the cash of $17.2 million the company has. The market has ignored all that, not given any value for any management labor. Management should have a look at themselves and humbly accept the constructive criticism level at them. I praised management when they did something good and criticised them when they failed miserably. If that what you called hot and cold, I accept that. I called as I see it. Management has to lift their act. For the record, I can list at least 20 over companies, similar to MAN that has better value to date. I can accept drilling failures but won't tolerate management who failed to deliver their promises.
MAN Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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