Is cash new info? I didn’t realise there was more cash? If you read through my posts you can see I give massive credit to raise that cash at 20 cents. As you would also no the cash burn of a company in exploration phase is massive. Money will need to be spent on the next opportunity, current drilling and operational costs. The big danger now is there won’t be a second chance of a capital raise due to the manner it was raised. Cash is now half the value of the company. The big concern is as stated in the original ‘narrative’. Investors won’t want to sit on an exploration company moving at snake pace with their best targets drilled. The best hope for Man might be a new tenement but once again this will put a big dent in current cash.
I want this to be as big a success as the next person. I am a holder. I think by you calling me out you are missing the entire point of what I was saying. I defend this company more than most, but also call out the worrying signs overtly present atm. Can you comment on the concerns I raised am interested in your opinion.
MAN Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
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