Struggling to find any new info in this. The drilling to commence in November pending availability basically means we won’t be drilling in November. Looks like a slow burn, and wouldn’t be surprised to see some big money leave with plenty of other companies actually drilling with better prelim results.
The scary thing about this company is the massive pay rise for the managing Director, and Massive slice of shares he has acquired via essentially using the companies money with S3 to pump the stock. Massive alarm bells as the incentives to move the direction of the company forward in a timely manner has really disappeared. The AGM should be interesting and hopefully evidence of massive work behind the scenes is provided. However, at this stage, we have three big holes, with nothing of commercial value, no new tenements acquired as a back up in last year, drilling into areas which were deemed a lot lower chance of success than initial and maybe most worryingly for a 30 mill company is a future timeline that is vague.
on a positive note I don’t think communication is the biggest concern, as it has been proven there has been nothing new to communicate. Also there is plenty of drilling to be done, and thus still a chance of getting lucky.
all my opinion, DYOR, not advice just personal opinion.
MAN Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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