MAN 8.33% 2.6¢ mandrake resources limited

silent alarm sounding

  1. 551 Posts.
    Recent daily volumes have been very high for this stock in recent weeks - is this the silent wake-up alarm going off?

    Here's what we know:

    * Namibian court case in which Ancash were trying to gazump us re nuclear fuel exploration rights was found in our favour by Namibian Supreme Court - presumably no further issue here, but will we get our court costs ($120k) paid?
    * Second Namibian court case in which we are trying to assert our own exploration rights about to be decided - judgment was due 31 Jan - so, if we win that one, will we actually do any exploration?
    * Thirdly we have the Siberian tin tailings project which appears to be going full steam ahead with a visit to Khabarovsk supposedly happening next week, with metallurgical engineers and project development and evaluation consultants in the touring party. This is the project that could give things a real kick along.
    * Fourthly, a recent capital raising of 200m shares at 0.4c (+100m options exercisable at 0.5c) which means that there are a lot of sellers atm, but interestingly a lot of buyer support of you look at the chart over the last 6 weeks - so a lot of stags or bored long-termers taking a profit now but also a lot of new blood in there looking for a return or at least a good punt.

    All in all this looks like a good one to throw some punting money at and see what they can do in the next few months.

    GL all.
 
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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
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