MAN 15.6% 3.7¢ mandrake resources limited

Thanks for the heads up, just had a quick look, low expenditure...

  1. 3,612 Posts.
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    Thanks for the heads up, just had a quick look, low expenditure with $3.3m cash on hand shouldn't see them raising anytime soon...

    Chart looks great, has broken out of the flag pattern - Gives a target of 9.8 near term, news dependent of course.

    https://hotcopper.com.au/data/attachments/2464/2464433-08c5daad5018d30f0e62875133dd752a.jpg

    Long term view, high of 10 cents on little volume will provide little resistance

    https://hotcopper.com.au/data/attachments/2464/2464435-91c7662f48fed8e7e00e1584e9c795bf.jpg


    Now here's what i don't like.... The highlights in the recent quarterly include mentioning nearology and surface rock chip samples, both are huge red flags for me as these are often used by junior miners to pump the price when they dont have anything of value in the ground.


    https://hotcopper.com.au/data/attachments/2464/2464438-d89c401ab76045a97dd061220e994c83.jpg







    This table here they have done up is kind of cringe-worthy


    https://hotcopper.com.au/data/attachments/2464/2464458-32ef86ac0e44ad7c177dad0c92377a82.jpg






    The below are actually really poor results, including the use of Ppm of copper, 172ppm = .172g/t - Not Good !


    https://hotcopper.com.au/data/attachments/2464/2464469-4b5ea53d2118e5fc2951f68024c5ccb0.jpg


    https://hotcopper.com.au/data/attachments/2464/2464470-dfe55179740bed5be6744945b685b072.jpg




    I personally would not be entering this until they have solid evidence of good grades in the ground via a drill campaign but i wish you luck and ill keep this one on watch ! Thanks.

 
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