Interesting indeed. I'm not quite up with the sums here, does the current value of the shares AER get equal the cash deal that was in place previously? In any case, it suggests AER see a lot more potential in what MAN are doing if they now prefer shares over the one-off payment.
'as well as the broader targets within the 140km2 Jimperding Project. Mandrake has recently engaged a contractor to undertake a helicopter-borne electro-magnetic survey over the entire Jimperding Project in order to generate more targets prospective for ‘Julimar style’ mineralisation.'
Excellent little snippet from that announcement.
MAN Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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