Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-59

the vibe?
...I didn't follow SLM too closely, but they seemed to walk away from Mostazal suddenly and lighter in the hip pocket by several million. that deal was 5 million cash + 5 milllion exploration, right? I don't know the staging details.

Anyway, MAN's Atacamoz deal sounds safe, particularly we are not paying much upfront, and we paying half of that in shares upfront:
"Staged and conditional consideration with minimal upfront cash/shares - $1M cash and 80M shares in the Company"
(the shares escrowed for 6 months)

Then later:
"Payment of the future cash consideration is contingent on successful exploration and eventual production at Delfin; even after having completed major exploration activities at Delfin, Mandrake is able to exit from the arrangement with no penalty prior to the cash consideration dues dates outlined below" Being:
i. US$300,000 payable in cash by 31 May 2023; and
ii. US$3,500,000 payable in cash by 31 May 2024.

So we could only possibly lose our shirt on this one in mid-2024.

But I feel like we get to 'suck it and see' first!
And Delfin taking shares means they at least have an interest in our success in this venture.

All JIMHO, DYOR!