MAN 3.85% 2.5¢ mandrake resources limited

Thanks DMA for your reserach. I guess we will find out tomorrow...

  1. 182 Posts.
    Thanks DMA for your reserach.

    I guess we will find out tomorrow whether or not the SP will drop back down to mid or high 2c, following the "I know nothing" response to the speeding ticket. I suspect it will.

    Funny that all our daytrader friends have all gone quite!! All waiting to get on board again on the dip I guess.

    Well, I wish I could be one of those previlaged fews to get my hand on some of those 0.5c 600m options issued today.

    I see MANO is last traded at 0.9c today, but you would have to pay 10c per share to the company should you wish to excercise these listed options.

    Surely it must be a win-win deal behind today placement, for the excercise price to just 2c.

    Imagine this, should the company be granted a licence to explore for U in Naminia, that $300k will be the best money ever spent, and 2c per share will be a real bargain.

    Just my thought.

 
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