MAN mandrake resources limited

MAN RAS Lithium Nearology ?, page-19

  1. 11,042 Posts.
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    I am concerned since JA responded he was aware of the lithium situation, nothing further has been mentioned. There were no enthusiasm in the company about the rees or lithium.
    $17.2 million appears to be a lot of money but management could waste the lot in a couple of years as I have seen it happening to FFX a couple of years ago.
    This management has gone from project to project without any concrete results.
    There was enthusiasm on Newleyline, since then after 3 holes were drilled, for 2 years we have not progressed with the project.
    Again, we had the impressions that we have acquired Delfin with its high grades. Again nothing has come out of it.
    Now , we are back to our initial project after several years which the company was listed basing on this acquisition. The silence has been deafening as no update or progress reports has been announced.
    There appears to be no enthusiasm from management on the current project except they are going through the motion of doing a job. It would be good to know of management's intention, besides drilling for copper and gold, do they hope to find other commodities at Berinka?
    Unless management is going to change their current attitude, shareholders will have to change management. This will be the last resort, however to protect shareholders assets and interests, we may have to take matters into our own hands. We are reluctant to go down this path again, however without changes of attitude of management as to shareholders expectations, the situation is no longer tenable.
 
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