For a company with over $17 million in funds, the company is going nowhere. Having paid for tenements in Berinka Creek and then Newleyline, they didn't come cheap. The company did some drilling at Berinka Creek and then a few holes in 3 years at Newleyline without any noticeable results, we haven't heard anything since. Management raised a substantial amount at 20c for the purpose of drilling Newleyline but to date has spent little at it. We were sold the story of Delfin to see the acquisition aborted. We have been told of the potential on North and South Tolerno, a massive sulphide conductor plate at Newleyline but we have not heard anything since. No announcement from management, plans for the future and shareholders are kept guessing what the company is going to do next. The CEO is on a good pay without doing much and little done with abysmal results. I cannot figure how shareholders can put up with such dismay characteristics of the management.
MAN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
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