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Mandrake Resources Ltd (AU:MAN)
ASX:MAN

Mandrake Resources Ltd (MAN) Price & Analysis

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MAN Stock Chart & Stats

AU$0.02
<AU$0.01(4.55%)
At close: 4:00 PM EST
AU$0.02
<AU$0.01(4.55%)

Bulls Say, Bears Say

Bulls Say
Debt-free Balance SheetMandrake reports zero debt across all periods and growing equity (~A$18.9m to ~A$23.9m from 2021 to 2025). A debt-free capital structure lowers solvency risk, preserves borrowing capacity, and gives management flexibility to fund exploration or negotiate JV terms without interest burdens over the medium term.
Positive Operating Cash Flow In Recent YearsOperating cash flow turning positive in 2024 and 2025 shows emerging ability to generate cash from core activities. Although amounts are small, sustained positive OCF demonstrates cost control and reduces absolute short-term funding needs, improving the company's runway to advance exploration programs sustainably over coming months.
High Gross Margin When Revenue OccursReported apparent 100% gross margins in revenue years indicate minimal direct cost of goods sold relative to recorded revenues. This high gross margin profile implies strong operating leverage potential: if revenues scale, a large portion could flow to operating profit once fixed overheads stabilize, improving long-term profitability prospects.
Bears Say
Consistent And Widening Net LossesMandrake's persistent net losses, with a materially wider loss in 2025, erode retained earnings and maintain negative returns on equity. Continued losses constrain the company's ability to self-fund growth, reduce financial resilience, and prolong the timeline to sustainable profitability unless operational performance or revenues improve materially.
Structurally Negative Free Cash FlowConsistent negative free cash flow (~-1.67m in 2025) indicates the business consumes capital to fund exploration and operations. This structural cash burn forces reliance on external financing (equity raises, asset sales, JV funding), increasing dilution risk and creating execution uncertainty for multi-month project advancement.
Very Small, Volatile And Declining RevenueRevenue is tiny, volatile and declined in 2025, limiting the company's ability to cover fixed costs or build a predictable earnings stream. This weak and uncertain revenue base constrains margin sustainability and makes forecasting project economics difficult, extending the horizon to stable commercial viability.

Mandrake Resources Ltd News

MAN FAQ

What was Mandrake Resources Ltd’s price range in the past 12 months?
Mandrake Resources Ltd lowest share price was AU$0.02 and its highest was AU$0.03 in the past 12 months.
    What is Mandrake Resources Ltd’s market cap?
    Mandrake Resources Ltd’s market cap is AU$13.17M.
      When is Mandrake Resources Ltd’s upcoming earnings report date?
      Mandrake Resources Ltd’s upcoming earnings report date is Sep 25, 2026 which is in 181 days.
        How were Mandrake Resources Ltd’s earnings last quarter?
        Mandrake Resources Ltd released its earnings results on Mar 09, 2026. The company reported -AU$0.005 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.005.
          Is Mandrake Resources Ltd overvalued?
          According to Wall Street analysts Mandrake Resources Ltd’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Mandrake Resources Ltd pay dividends?
            Mandrake Resources Ltd does not currently pay dividends.
            What is Mandrake Resources Ltd’s EPS estimate?
            Mandrake Resources Ltd’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Mandrake Resources Ltd have?
            Mandrake Resources Ltd has 627,259,950 shares outstanding.
              What happened to Mandrake Resources Ltd’s price movement after its last earnings report?
              Mandrake Resources Ltd reported an EPS of -AU$0.005 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 4.348%.
                Which hedge fund is a major shareholder of Mandrake Resources Ltd?
                Currently, no hedge funds are holding shares in AU:MAN
                What is the TipRanks Smart Score and how is it calculated?
                Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                  Mandrake Resources Ltd Stock Smart Score

                  5
                  Neutral
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                  10

                  Technicals

                  SMA
                  Positive
                  20 days / 200 days
                  Momentum
                  0.00%
                  12-Months-Change

                  Fundamentals

                  Return on Equity
                  -15.52%
                  Trailing 12-Months
                  Asset Growth
                  -16.88%
                  Trailing 12-Months

                  Company Description

                  Mandrake Resources Ltd

                  Mandrake Resources Limited engages in the exploration and evaluation of mineral resources. It explores for gold, silver, nickel, and copper deposits. The company's principal property is the Jimperding project consisting of 140 square kilometers exploration license application situated in the north east of Perth, Western Australia. It also owns a 100% interest in the Berinka Pine Creek project covering an area of 289 square kilometers located in the Pine Creek Orogen, Northern Territory. The company was formerly known as Bronson Group Limited and changed its name to Mandrake Resources Limited in August 2019. Mandrake Resources Limited was incorporated in 1986 and is based in West Perth, Australia.

                  Mandrake Resources Ltd (MAN) Earnings & Revenues

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