MAN mandrake resources limited

10.0%

2.2¢

Currently exploration for gold is not going to stimulate any...

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malay

11,060 Posts.

1778

17/10/22

11:35

Post #: 64232222
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Originally posted by malay: ↑

I am still here because of the risk reward ratio, MAN'S $17.2 million in cash plus the enticed Delfin project. Now that Delfin has fallen over, management has to find something else quick to fill this void or else the attractive factor has diminished.
Routine quarterly report is not enough, management needs regular updates and informed expectations on project and schedules for example ; when is results due back on drilling, rock and soil sampling As usual we need to know whether we are drilling Newleyline or North, South Tolerno. We need to know the timetable if any.
As an exploration company MAN will be continuously looking for new projects. The company has not informed us of the prospects if any currently on hand to be excited about, or just like a worker, waking up each morning going to work.
Management of this company has shown no enthusiasm in their approach, no expectations and if any announcements, mainly on statutory requirements and nothing else.
Shareholders enthusiasm is correlated with management and so is the share price. Currently we haven't got anything to be over excited about. Even the Berinka project is not enough to excite us currently.
The initial appointment of the new NED was welcomed together with his initial purchase of the Company's shares. Will JA join the party or is he just going to be an observer only?
SB1's at least shown enthusiasm if not the over the top defence of management. At least he is consistent in his support of the company. I don't know it would be any good if management failed to reciprocate by giving something for shareholders to be excited about.

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Currently exploration for gold is not going to stimulate any excitement even on good grades. Rare earth or lithium type commodities are well sought after. MAN should be heading that direction.

MAN Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.002(10.0%)		Mkt cap ! $13.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$112.5K	4.969M

Buyers (Bids)

No.	Vol.	Price($)
3	672163	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	695871	5

View Market Depth

No.	Vol.	Price($)
2	626709	0.022
4	1310000	0.021
4	1550000	0.020
3	1618282	0.019
4	2555555	0.018

Price($)	Vol.	No.
0.024	315871	4
0.025	929514	4
0.026	1100000	3
0.027	200000	1
0.028	550000	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

MAN (ASX) Chart

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