MAN mandrake resources limited

GLN..huh they just raised $14m at 23cents per share to add to...

  1. 13,666 Posts.
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    GLN..huh they just raised $14m at 23cents per share to add to their $9m

    GLN have a quarter of the shares ASN have, and curiously if you look at ASN financials, that is really concerning.

    ASN have $30m funding available, but when you put that with that with their $17m cash it states in the latest quarterly report they only gave 9 quarters of funding remaining, and that include the $30m available to them as a loan.

    So when you look at all the "could" ""may" and "indicated words for ASN, then ASN could easily end up in two years with a $30m loan and nothing to show for it.

    be careful mate it's a jungle out there nothing is sure except that MAN have $15m cash and 54 quarters of cash how comforting are MAN financials compared to ASN teetering financials..

    No wonder you ASN holders are obsessed with MAN.who wouldn't be with NAN huge $15m cash and 54 quarters of cash left, (15years)

    Last edited by sharebroker1: 06/06/24
 
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