FD20, I think you've made Sharebroker1's argument for him. MAN...

FD20, I think you've made Sharebroker1's argument for him.
MAN is a vastly more attractive company today than it was 2 years ago from a value point of view.
I first bought these in the teens (April -May 21)and was as disappointed as anyone in the drilling results to follow along with the seeming lack of activity over the next two years.

As annoyed as I was, I thought at the time they'd done a great job of raising capital. As it turns out it was at a huge premium to todays share price.
Since then I've bought enough to get my average down to around todays share price.
I always thought a pot of money that large would eventually attract not only the the right project but the right people and having the opportunity to get a decent holding at close to cash backing was attractive to me.

I've had a few chances to sell at a decent profit but I believe at some time in the near future we'll see a share price multiples of todays value.

Mandrake is still not that far from ca$h backing, has a very exciting project in the right mineral in the right place at the right time and has Galan to act as a guiding hand in the US. I'm presuming the suggestion of having a respected old hand lobbyist in Washington comes from Galan and is a smart move I believe.

To me the current risk reward ratio is vastly superior to what it was a couple of years ago.

Regards
Jules.