MAN mandrake resources limited

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PKO is absolute trash mate, look at MAN fundamentals compared to...

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sharebroker1

13,666 Posts.

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22/10/22

12:28

Post #: 64335893
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Originally posted by allatsea: ↑

Instead of worrying about my other investments sb1, check out what I posted on the MAN threads after we announced the 16 mill cash raise originally- in short 'unless we have a specific need for the cash, it's too much and will tank the share price'

Turns out we didn't need that much cash, and indeed the SP has never recovered. Even if Delfin went ahead, it was at a minimum initial outlay, we would still have ~16 mill on hand today!

You don't want too little cash of course, and it was great value to raise at the price, but it was way, way too much as there was no idea behind it. Raising for raisings sake, we didn't even accelerate the existing drill programs, we stayed resolutely in the slow lane.

So, yes, it is worrying that management are looking to override the ASX 'safety limit' on raising cash in the next year- despite seemingly have more money than we know how to spend for years now, we are nevertheless seemingly intending to raise more, and moreover, we are overriding safety limits to raise much more.

And since you had a crack at my PKO investment, I disagree that it is rubbish, actually I am quietly confident it is on the path of PNR and FME in outlining economical PGE deposits, only issue is the same one we face at Berinka, wet season coming while waiting on core assays to get back...frustrating!

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PKO is absolute trash mate, look at MAN fundamentals compared to PKO rubbish fundamentals !
PKO is teetering on the brink imho

And yet you rubbish MAN and think PKO is great lmao, talk about a twisted view!

Last edited by sharebroker1: 22/10/22

MAN Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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