MAN 0.00% 2.6¢ mandrake resources limited

GLN (Galan Lithium )

  1. 11,633 Posts.
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    GLN ( Galan Lithium) a $300million MC ASX listed Lithium Company takes 35 million shares in MAN !
    30 million at 5 cents then a further 5 million at 5.6 cents on market purchases ?
    GLN must be very confident of the Utah lithium project MAN snapped up as this was the reason GLN bought into MAN !
    Interestingly, MAN directors have performance rights exercisable at 10 cents, in my opinion these will be in the money sooner rather than later !
    MAN hold a fantastic cash balance of $18.3 million , NO debt and a MC of $23million !
    MAN Utah leases are very close to ASN Paradox Lithium project,

    https://hotcopper.com.au/data/attachments/5255/5255586-ff0d9d78984230daa85fbc0d628b92ad.jpg
    https://hotcopper.com.au/data/attachments/5255/5255587-8ea43bef3a98b16c89ed1a6ec4168731.jpg
    https://hotcopper.com.au/data/attachments/5255/5255588-6ffa0c04fd3156564a82bc77cff53b60.jpg


 
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Last trade - 16.12pm 12/11/2024 (20 minute delay) ?
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