MAN 8.33% 2.6¢ mandrake resources limited

I cannot understand anyone putting up a 5m sell order at 1c when...

  1. 1,011 Posts.
    I cannot understand anyone putting up a 5m sell order at 1c when there is so much happening with the company according to the December Quarterly, unless it is to put a lid on the price.

    The Namibian court proceedings were anticipating a Judgement by January 31st and by all accounts and the result of the earlier court decision, in all likelihood would come down in favour of MAN. Tick one box.

    The tin, gold and copper project in Russia should have had it's visiting delegation return and report by now on whether they are going to exercise their option to proceed, pending the outcome of the government application, which was due to be dealt with by the end of the first quarter in 2011, which only gives another couple of weeks. Not forgetting the brief as outlined in the quarterly for the engineering team on the visit looking at plant design, no less. Another tick for the box.

    I say again, why would one be trying to cap the price, when most of us have been in this dog stock for so long, we would hope at last there is some chance of getting our money back?
 
watchlist Created with Sketch. Add MAN (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.002(8.33%)
Mkt cap ! $16.03M
Open High Low Value Volume
2.4¢ 2.6¢ 2.4¢ $10.96K 430.4K

Buyers (Bids)

No. Vol. Price($)
2 383133 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 35000 1
Last trade - 15.31pm 22/11/2024 (20 minute delay) ?
MAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.