MAN mandrake resources limited

Ann: Notice of Annual General Meeting/Proxy Form, page-125

  1. 254 Posts.
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    A couple of interesting things have come across my desk in the last week that I thought I’d share. Our neighbours at Northam have had to withdraw their IPO due to a lack of institutional investment. CHN have already committed 1 mill to be part of the IPO. With 17 mill in the bank it is hard to believe MAN wasn’t approached or made the inquiry of investing into neighbouring land. 2 things to take away from this in my opinion. MAN has identified that the chance of a nearology play to Julimer being successful is small. This would explain the fact that there has been no movement on that front in a year. all speculation but if they were confident, with the funding behind them I’m not sure why we didn’t jump in with chalice.

    another interesting thing to come out is the lack of funding for new IPO s in regards to junior explorers. With funding the hardest it is has been in a long time to secure, there are plenty of potential moves the company can make on good prospective land. It is ridiculous to think we are putting all our eggs in one basket at a time as we did in Chile. If that is the case we may not find something for years.

    the positive is we have the funding behind us. The current management has failed to add any value in the last 12 months. I’d love to see us bring someone on board who has runs on the board and can secure us some potential prospective tenements. Someone with business savvy would also be great to allow the geo’s do what they do best and actually explore.

    good luck to all attending the AGM, and hopefully a few of the big fears raised by investors (as opposed to rampers) can be answered. I for one am hoping MAN actually start to show some solid work in 2023.

    merry Christmas fellow holders, I have been assure by a certain ramper that Santa is coming on the 1st of December so put your milk out early or risk missing out. All my humble opinion
 
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