MAN mandrake resources limited

Ann: Mandrake Acquires 100% of Jimperding Project, page-26

  1. 135 Posts.
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    just my thoughts - might be for a few reasons. Better exposure to another market and improves the options for a capital raise. Whilst we have a lot of money in the bank, when we hit big at Newlyine, I think they will raise some cash off the back of this (possibly in Q1 2021) to allow them to roll out a similar drilling regime that CHN are currently running. Especially if the flyover mag survey shows a number of prospects...
    DYOR.

 
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