MAN 4.17% 2.5¢ mandrake resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-40

  1. 10,410 Posts.
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    Please comment on the above, I know you don't just like you were so scared you had to ask me to remove my post which j did but if course you didn't keep your word.
    now comment on the reality below

    hy on earth would MAN drill for lithium in a dead lithium market wake up lol, let ASN do that and spend all their cash.
    MAN are about to release a resource JORC from mountains of dada and historical drill cores they have in their possession. Smart move, low cost.

    MAN can now concentrate on Uranium, copper, gold and platinum.

    Maybe get on the blower and tell ASN to ease up on the big spend, especially in a lithium market like this and the environmental halt they are under, crazy spend there huge risk.

    In a years time, ASN could easily have no cash, a $30m debt and a project under environmental halt, whilst MAN will still be swimming in $15m cash and in a fantastic position to capitalise on changing markets

    win win for MAN cheers
 
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