MAN 3.23% 3.0¢ mandrake resources limited

Not really, I wouldn't support a lifestyle company. In this...

  1. 385 Posts.
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    Not really, I wouldn't support a lifestyle company. In this case, my line of thought is like this. We had the Jimperding and Berinka, we had a run based on nearology which management utilised for CR, minor poking did not produce encouraging results, so kept in back burner, looked at the exceptionally good copper prospect which did not materialise but possibly at minimal cost to SH, now lithium organically developed, started spending money. I would consider this as a cautious approach, meaning if this doesn't click there will be sufficient cash to attempt another (possibly last). If either of them clicks we should be in money.
    There is no excitement even in good announcement, high interest rates coupled with inflation, governments in recession, unscrupulous traders market manipulation with no governance or regulation when required etc makes me feel terrible. if others too are feeling that way, it is keeping them away from market. I had thoughts on sell everything and booking losses and say goodbye to market due to these reasons. Under these circumstances, MAN still retaining cash seems like a big thing, there is always potential to pick big bargains. Hence my thought. In reality, if there nothing in the ground, we loose, it is like a loto I suppose we are all taking, GLTA, just my thoughts
 
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