Good evening.
I can confirm after speaking with James, Mandrake's predominant focus with Paradox is the release of the jorc compliant resource and capital preservation.
Capital preservation of Mandrake's $15,000,000 cannot be understated was James message.
The board of Mandrake are well aware of the soft lithium market in general, so moving in this direction will bring shareholder value whilst preserving a bouyant bank balance position.
You are correct ,ShareB1, I too suggest this strategy from James will indeed bring the most benefit for Mandrake and it's share holders, particular as you state the major behind electralith are well aware of the high purity lithium hydroxide produced from Mandrake's brines, from memory above 99%.
The wild card here is the buying from Mandrake's director Mr Roger Fitzhardinge, coupled with the investor publication topping up, and the share grabs from the sale of Galan's holdings.
Cash is King.
GLTAH DYOR
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