A key and integral part of any good company is strong management. This is amplified in exploration companies, when company value and prospects are built on the story being told to the most important people on the company, the ones holding the shares and those who are going to.
-Strong management have skin in the game. They put their money where there mouth is and assume risk which in turn promotes responsibility.
-Strong management have constant contingency plans. If one hole is a duster there are 99 others ready to go. There is more than one basket to finned financial eggs into.
-Strong management have a clear direction for company and keep shareholders informed.
-Strong management drive the company forward, and rectify delays instead of using them as an excuse. Exemplary to this is the delay to drilling. Whilst Mandrake used this as an excuse for complete inactivity for over 6 months, other companies have now ordered extra drills to their projects to make up for lost time.
lifestyle companies are those that utilise funds of shareholders to pay themselves with minimal activity or drive forward.
From the evidence this year make your own mind up how it looks to shareholders.
MAN Price at posting:
5.0¢ Sentiment: None Disclosure: Held
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