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Mandrake Resources

ASX:MAN
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAN
ASX
A$3M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Mandrake Resources Limited, a junior exploration company, engages in the exploration and development of gold properties. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Mandrake Resources has significant price volatility in the past 3 months.
MAN Share Price and Events
7 Day Returns
-23.1%
ASX:MAN
3.8%
AU Metals and Mining
0.3%
AU Market
1 Year Returns
-
ASX:MAN
-21.2%
AU Metals and Mining
-22.9%
AU Market
MAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mandrake Resources (MAN) -23.1% -28.6% -28.6% - - -99.9%
AU Metals and Mining 3.8% -19.5% -25.1% -21.2% 8.6% 19%
AU Market 0.3% -27.8% -30% -22.9% -20.8% -20.3%
1 Year Return vs Industry and Market
  • No trading data on MAN.
  • No trading data on MAN.
Price Volatility
MAN
Industry
5yr Volatility vs Market

MAN Value

 Is Mandrake Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mandrake Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mandrake Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mandrake Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.01
ASX:MAN Share Price ** ASX (2020-03-26) in AUD A$0.01
Australia Metals and Mining Industry PE Ratio Median Figure of 76 Publicly-Listed Metals and Mining Companies 7.23x
Australia Market PE Ratio Median Figure of 514 Publicly-Listed Companies 12.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mandrake Resources.

ASX:MAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MAN Share Price ÷ EPS (both in AUD)

= 0.01 ÷ -0.01

-1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mandrake Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Mandrake Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Mandrake Resources's expected growth come at a high price?
Raw Data
ASX:MAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.36x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mandrake Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mandrake Resources's assets?
Raw Data
ASX:MAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.02
ASX:MAN Share Price * ASX (2020-03-26) in AUD A$0.01
Australia Metals and Mining Industry PB Ratio Median Figure of 555 Publicly-Listed Metals and Mining Companies 0.97x
Australia Market PB Ratio Median Figure of 1,615 Publicly-Listed Companies 1.16x
ASX:MAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MAN Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ 0.02

0.66x

* Primary Listing of Mandrake Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mandrake Resources is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Mandrake Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mandrake Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MAN Future Performance

 How is Mandrake Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mandrake Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mandrake Resources expected to grow at an attractive rate?
  • Unable to compare Mandrake Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mandrake Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Mandrake Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MAN Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MAN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 -1
2019-09-30 0 -1
2019-06-30 0 -1
2019-03-31 0 0
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 -1
2018-03-31 0 1
2017-12-31 0 2
2017-09-30 0 2
2017-06-30 0 0 3
2017-03-31 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mandrake Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Mandrake Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mandrake Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAN Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.01
2019-09-30 -0.01
2019-06-30 -0.17
2019-03-31 -0.13
2018-12-31 -0.11
2018-09-30 -0.14
2018-06-30 -0.20
2018-03-31 0.24
2017-12-31 0.56
2017-09-30
2017-06-30 1.00
2017-03-31 0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mandrake Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mandrake Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Mandrake Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Mandrake Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mandrake Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mandrake Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MAN Past Performance

  How has Mandrake Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mandrake Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mandrake Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mandrake Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mandrake Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mandrake Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mandrake Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -1.01 0.84
2019-09-30 -0.78 0.60
2019-06-30 -0.55 0.37
2019-03-31 -0.43 0.31
2018-12-31 -0.32 0.26
2018-09-30 -0.46 0.36
2018-06-30 -0.59 0.46
2018-03-31 0.00 0.77 0.64
2017-12-31 0.00 2.14 0.83
2017-09-30 0.00 2.32 0.68
2017-06-30 0.00 2.50 0.54
2017-03-31 0.71 0.47 0.37
2016-12-31 1.43 -1.57 0.21
2016-09-30 2.27 -1.64 0.38
2016-06-30 3.12 -1.71 0.55
2015-12-31 3.21 -0.74 0.72
2015-09-30 3.18 -1.10 0.98
2015-06-30 3.14 -1.47 1.23
2014-12-31 3.18 -1.54 1.59
2014-09-30 3.44 -2.66 1.55
2014-06-30 3.70 -3.78 1.52
2014-03-31 3.85 -4.25 1.55
2013-12-31 3.99 -4.71 1.58
2013-09-30 3.83 -3.29 1.63
2013-06-30 3.66 -1.86 1.68
2013-03-31 3.90 -1.21 1.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mandrake Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mandrake Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mandrake Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mandrake Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mandrake Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MAN Health

 How is Mandrake Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mandrake Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mandrake Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mandrake Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mandrake Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mandrake Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mandrake Resources Company Filings, last reported 2 months ago.

ASX:MAN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4.03 0.00 3.61
2019-09-30 4.03 0.00 3.61
2019-06-30 -0.49 0.00 0.08
2019-03-31 -0.49 0.00 0.08
2018-12-31 -0.32 0.00 0.00
2018-09-30 -0.32 0.00 0.00
2018-06-30 -0.16 0.00 0.05
2018-03-31 -0.16 0.00 0.05
2017-12-31 0.03 0.00 0.11
2017-09-30 0.03 0.00 0.11
2017-06-30 0.16 0.00 0.21
2017-03-31 0.16 0.00 0.21
2016-12-31 -3.16 1.10
2016-09-30 -3.16 1.10
2016-06-30 -3.10 1.35
2015-12-31 -1.59 1.75 0.00
2015-09-30 -1.59 1.75 0.00
2015-06-30 -1.38 1.53 0.00
2014-12-31 -1.45 1.48 0.00
2014-09-30 -1.45 1.48 0.00
2014-06-30 -3.67 3.95 0.01
2014-03-31 -3.67 3.95 0.01
2013-12-31 -3.34 3.96 0.03
2013-09-30 -3.34 3.96 0.03
2013-06-30 -0.16 3.90 0.05
2013-03-31 -0.16 3.90 0.05
  • Mandrake Resources has no debt.
  • Mandrake Resources currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mandrake Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Mandrake Resources has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Mandrake Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mandrake Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MAN Dividends

 What is Mandrake Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mandrake Resources dividends.
If you bought A$2,000 of Mandrake Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mandrake Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mandrake Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 6.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 373 Stocks 5.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 3.4%
Australia Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mandrake Resources has not reported any payouts.
  • Unable to verify if Mandrake Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mandrake Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mandrake Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mandrake Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mandrake Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mandrake Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MAN Management

 What is the CEO of Mandrake Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Allchurch
AGE 42
TENURE AS CEO 0.6 years
CEO Bio

Mr. James Peter Allchurch, BSc., has been Managing Director of Mandrake Resources Limited since August 4, 2019 and serves as its Director since August 4, 2019. Mr. Allchurch serves as Executive of Winchester Energy Limited. He served as Non-Executive Director of PepinNini Lithium Limited since July 1, 2019 until November 11, 2019. He served as Lead Consultant at Kalia Limited since May 04, 2016 until August 3, 2017. Mr. Allchurch served as the Managing Director of Monto Minerals Limited from 2012 to 2016 and served as its Executive Director since December 9, 2009. Mr. Allchurch is a Geologist with experience in mineral exploration, geotechnical assessment and mining operations. He has extensive expertise in the identification and assessment of resource projects over a broad range of commodities in geographies including Europe, Australia, Africa and South America. He was responsible for the Identification and Evaluation of resource projects both in Australia and Abroad on behalf of Resource Ventures Pty Ltd. He served as the Chairman of ShareRoot Limited until September 1, 2016. Mr. Allchurch founded a Chilean cobalt mining exploration company, executing detailed exploration activities prior to a cash sale to a US-based fund. Mr. Allchurch worked at Ascent Capital and has considerable expertise in the identification and assessment of resource projects over a broad range of commodities in geographies including Europe, Australia, Africa and South America. Mr. Allchurch served as a Director of WAG Limited from February 15, 2008 to February 2010 and Bligh Resources Limited from December 23, 2016 to July 13, 2017.

CEO Compensation
  • Insufficient data for James to compare compensation growth.
  • Insufficient data for James to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the Mandrake Resources management team in years:

2.9
Average Tenure
  • The tenure for the Mandrake Resources management team is about average.
Management Team

James Allchurch

TITLE
MD & Director
AGE
42
TENURE
0.6 yrs

Errol Graham

TITLE
Chief Financial Officer
COMPENSATION
A$85K
AGE
73
TENURE
11.5 yrs

Lauren Woodhams

TITLE
Head of Marketing

Lloyd Flint

TITLE
Company Secretary
TENURE
0.1 yrs

Hans Luttringer

TITLE
General Manager
TENURE
5.2 yrs

Natasha Smale

TITLE
Client Service Consultant of Sales
Board of Directors Tenure

Average tenure of the Mandrake Resources board of directors in years:

0.6
Average Tenure
  • The average tenure for the Mandrake Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pat Burke

TITLE
Non-Executive Chairman
AGE
50
TENURE
0.6 yrs

James Allchurch

TITLE
MD & Director
AGE
42
TENURE
0.6 yrs

Ben Phillips

TITLE
Non-Executive Director
COMPENSATION
A$72K
TENURE
1.9 yrs

Jennifer Smale

TITLE
Director of Bronson Marketing Pty Ltd
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Nov 19 Buy Patrick Burke Individual 05. Nov 19 07. Nov 19 940,000 A$0.02 A$15,040
05. Nov 19 Buy Bob Alfred Pty Ltd Company 05. Nov 19 05. Nov 19 600,000 A$0.02 A$9,849
X
Management checks
We assess Mandrake Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mandrake Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MAN News

Simply Wall St News

Do Directors Own Mandrake Resources Limited (ASX:MAN) Shares?

Mandrake Resources is a smaller company with a market capitalization of AU$4.8m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of Mandrake Resources The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Private Company Ownership Our data indicates that Private Companies hold 14%, of the company's shares.

Simply Wall St -

MAN Company Info

Description

Mandrake Resources Limited, a junior exploration company, engages in the exploration and development of gold properties. It holds a 100% interest in the Berinka Pine Creek gold project within the Pine Creek Orogen of the Northern Territory, located to the south southwest of Darwin. The company was formerly known as Bronson Group Limited and changed its name to Mandrake Resources Limited in August 2019. Mandrake Resources Limited is based in West Perth, Australia.

Details
Name: Mandrake Resources Limited
MAN
Exchange: ASX
Founded:
A$2,663,415
266,341,510
Website: http://www.mandrakeresources.com.au
Address: Mandrake Resources Limited
24 Outram Street,
Ground Floor,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MAN Ordinary Shares Australian Securities Exchange AU AUD 03. Dec 2007
Number of employees
Current staff
Staff numbers
0
Mandrake Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 10:35
End of day share price update: 2020/03/26 00:00
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.