Everyone assuming it cant go below cash in the bank when...

Everyone assuming it cant go below cash in the bank when Allchurch alone is on 200k a year. Drilling is expensive and those drillers paid in options just lost over 70% of those options value, its gonna be cash from now on.

Cash burn will be steep and they havent even annouced the next drill program start dates, or holes. Have the started Berinka yet after another month delay? Cash is waiting to be burned and that cash backed SP will only fall. MAN needs results on tenaments to justify a stable growing share price. Something it is yet to show, and will be unable to show for another 3-5months.

MAN has not started Berinka or annouced future drill programs are occuring. Assays are now 8-10weeks in the lab, so 2months min. They need contracters, assuming they know where to drill and last drill program took 6 weeks. So we are talking no news after assays for minimum 3 months.

Assays are make or break or just turn off your broker and come back in January.

In 3 months with no reason for no buyers to come, in as other Julimar players annouce results like PUR I can only see prospective buyers jumping ship. MAN needs a reason for them to stay. Good luck to all holders

All IMO, dyor this is not financial advice.