i mean do you really expect them to only spend 300k a quarter for several years? would you be happy as an investor with that level of spend? the quarters remaining is just costs / cash, it changes in every quarterly depending on cash spent, with the current exchange rate they are only spending around 65k USD on exploration per MONTH, what kind of substantial news do you expect them to report on that expenditure?
heres how it works, in order for MAN to hit 12c this year which you've said is "easy" they would need a game changing piece of news, sustained newsflow on that development, the asx to not be in a bear market, lithium sentiment to change and then MAN to CR at a high price and immediately deliver more game changing news within a month of the CR.. if that sounds likely to you then go ahead and set your expectations to 12c. The huge huge volume of shares needed to be traded to get you to that price would require instos and investment groups to pile in, they wont just buy in because you said so, these groups wont want to buy MAN for an 8 month hold, they will flip as they always do and that causes downward pressure which drops the SP and to sustain a 300% rise in 6 months you're talking a massive announcement, MAN are currently not doing anything, not drilling with any real force, not working on a PEA, so what is this big announcement that you're so sure is coming?
MAN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Not Held
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