Possibly, but I don’t think so. Nor do I think we see this through to development. From the way the company is set up and with staff on the books, the more likely scenario is the project gets shopped around.
Best case scenario, depends on on the Jorc and results that come back, this could be a great project acquisition for another company with more expertise. Benefit would be a solid cash boost to then pay a dividend to shareholders and fund an extended period of exploration.
it also minimises risks of seeing a project through to production. Who would buy the project? Plenty of companies if the numbers are right. The price could also be anything depending on the numbers that are due in over the next 6 months. Fairly sure there would be quite a few people here for a 3 cent dividend and still have 30 mill in bank for exploration.
not financial advice.
MAN Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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