MAN mandrake resources limited

things that can move the MAN SPre-entry into the wells to test...

  1. 2,836 Posts.
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    things that can move the MAN SP
    • re-entry into the wells to test lithum values through the clastic zones
    • bulk testwork using DLE tech partner on site using bulk brine samples
    • funding for demo plant
    • release of PFS or economic assessment

    currently NONE of those are in play, they are not currently entering wells and there is no timeline to begin that, the DLE partner has announced lab test results which predictably resulted in no SP movement because who cares, a demo plant is 'planned' but beyond sayings its planned there has been no movement reported in that, LKE demo plant cost tens of millions of dollars, MAN have 15m and electrolith have less than $1.5m, without drilling to prove the lithium values there is no chance for a PFS or economic assessment as the exploration target is historical and theoretical, that's why the target low and high are 4MT different.

    things that wont move the SP
    • individual holder sentiment
    • incessant posting on online forums
    • making outrageous SP predictions based in nothing but guesswork

    MAN will be around the same SP all year and based on last quarter they only spent 300k on exploration and evaluation, can you really expect that much? there is such a thing are spending too little money and MAN obviously cant do alot right now, hence there is nothing to report, you have to spend money to make money and MAN are making small advancements but there is NOTHING in the pipeline which will send this above 6c, let alone double that in 6 months
 
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Last
1.8¢
Change
-0.001(5.26%)
Mkt cap ! $11.29M
Open High Low Value Volume
1.8¢ 1.8¢ 1.8¢ $8.731K 485.0K

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Last trade - 15.54pm 19/06/2025 (20 minute delay) ?
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