Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-68

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Chris2184

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30/07/24

11:59

Post #: 74979641
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Originally posted by Rthek: ↑

Thanks TT, appreciate long line of thoughts.

I am basing my logic basically on the latter part of your item k - "there's even the possibility that even a legitimate JoRc might not move the SP either". Why waste time and money? especially when it has nil or negative EV. Once there is a small scale demo plant from tech providers all traditional work could be done.

I have another thought. If I assume say MAN did new drill and receive cores (now I also assume the currently available cores are the one's MAN drilled), then what difference does it make? I think we all have a mindset to follow what our brains are exposed to. Where as I am considering MAN as innovative and creative by using the best of the available data, it is also many times faster too. ASN has done stuff in the hard way, however we should be appreciative of someone using the learnings and moving faster.

I am not pointing to anyone, instead of destructive criticism, if all the doubters here become SH, the share price would appreciate and also bring in new ideas to be shared with the management to build a better company. It will also keep the manipulators in check or else individual SH keep loosing faith in the market, book loss and depart. This is the state of affairs of the ASX overall. GLTAH

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But MAN hasn’t drilled a single well.

A resource cannot be established without drilling and testing seperate clastic zones, they need pressure, draw down tests and flow rates.

The JORC can only span out a radius of 2km for Indicated and 4km for Inferred.

So which wells do MAN plan on using for their JORC.

There are strict guidelines to follow here.

MAN Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-68

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-68

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