MAN mandrake resources limited

Lert me indulge you a little with management Lucky lot who...

  1. 287 Posts.
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    Lert me indulge you a little with management
    Lucky lot who raised $20 on nothing but nearology to CHN
    Drilled a total of 4 holes on Newleyline... and even with $20M in the bank had nooooooo intention of spending a single dollar on follow up with the data we got
    Spent a little in Berinka to presumably keep the tenement. Results actually merited some follow up , but we are now too busy taking spanish lessons at our new copper project
    Copper project in retrospect was found to have been on the market for years without a buyer even though multinationals are established in the area. Don't have to be too smart to read through that, but I will give them one thing, they didn't part with much cash, and learnt a few spanish words along the way.
    Now we are at the Pardox basin... Again my first thoughts were why would the local operators allow all that land to be staked by MAN.. Of course the answer is that an "experienced" operator was desperately needed.
    Wait there's more : Opinion only
    Directors renumeration.............. Gets at least 3 times what directors of similar sized organisations get.. all up..
    At one stage 3, of us on HC including myself held enough shares to call a meeting to roll the board.. Given that the directors at the time had very few of their own shares and $20 M in the bank, it was mind boggling that the board allowed themselves to be exposed like that... In short and in few words, " are they stupid "... Not that we had any chance of succeeding , just the fact that there was $20 m in the bank, directors owned FA, and was wondering why some other organisation didn't scoop them up just for the cash

    Having said all that, we are at a point where a JORC "ESTIMATE " is near. Not sure what impact an estimate will have on the market, as I got zero experience in this type of venture. , but I am hopeful it may double and square me up .. FYI, I am not holding any where near the amount once had.

    Last but not least

    Please be civil .. Even SB has a right to opinion, not to be taken too seriously

 
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Last
1.9¢
Change
0.000(0.00%)
Mkt cap ! $11.91M
Open High Low Value Volume
1.9¢ 1.9¢ 1.8¢ $12.13K 649.3K

Buyers (Bids)

No. Vol. Price($)
3 1046357 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 1762165 5
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Last trade - 14.47pm 18/06/2025 (20 minute delay) ?
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