Man.Assd.Csh Share Discussion Threads

[jonny flame] 11/10/2009 10:57

Hi miamisteve - if you have some time, I have a few more questions and would like to bounce them of you, or anyone else that may wish to chip in.

Q1) - Management don't seem to have a very large stake in the company? Do you have any idea why?

Q2) Any idea how much it's going to cost to get the New Liberty gold project into production?

Q3) Any idea, where will they get the funds from to get New Liberty into production? JV or through the sale of equity?

Q4) This is more of a general question, but if you had to place a market cap on the company, taking everything into consideration what do you think the sum of the parts should be? (£30m is roughly what the enlarged company is now valued at)

I have also been searching around and found the followung report, so perhaps we can expect an update on Stellar shortly.

Stellar Diamonds Reports Sales of $US 410,000 in June and July, Gemstones of Up to 7.89 CT Recovered on Mandala, Guinea

[jonny flame] 09/10/2009 16:59

Oct 09 Presentation;

[stevie blunder] 08/10/2009 21:54

The presentation on the new website is less cautious about Putu. They say on page 4 that they are targeting a 5 billion tonne iron resource. Nice. :-))

[miamisteve] 08/10/2009 21:02

Jonny - I posted a while back after my conversation with the company.

I quizzed them a while about Putu.

The 2.6km that they have studied out of 12km was not picked because it was the the most promising area. I believe it was more to do with accessibility. The rest could even hold more, though it is best to be cautious.

I'd be happy with 4bn tonnes. 38.5% at 20¢ a tonne = $308m

[jonny flame] 08/10/2009 16:20

miamisteve - thanks very much for replying, much appreciated. I concur with your answers although I would be more cautious in my estimate of the potential of the Putu resource.

A resource between 5-7bt would be very exciting indeed. I'll be in this one for the long term.

Regards,
JF

[unionhall] 08/10/2009 15:15

Once the merger is official I will move the thread to the new ticker and update with all the new info.....

[miamisteve] 08/10/2009 14:53

Jonny.

1) market cap. will be 33% larger if share price stays the same.

2) From the preliminary readings I expect it to be in excess of 1bn as well.

3) Currently standing at 1.077bt from 21% + a further 366mt which was not included in the estimate. Prorata this would be pushing 7bt!!! Not including anything from the adjacent larger structure.

4)Makes the company more appealing in every sense. More liquidity, more diversification in geography and resources, cost base synergies and greater brain pool at the helm.

[newswseller] 08/10/2009 12:03

new webby looks good... Also new epic for AIM is going to be AAAM

Here's to bigger and better times...

[hyper al] 08/10/2009 11:50

jester jim

Yep, like the Flash header!

[jester jim] 08/10/2009 11:45

new website for the combined company is up at www.african-aura.com. looks impressive

[jonny flame] 08/10/2009 09:28

Q1) - what will the combined market cap of the company be once they have merged with African Aura?

Q2)- any ideas how large the iron ore resource in cameroon is that AAZ have?

Q3)- potentially how large could the iron ore resource be in Liberia? currently standing at 1bt but only around 25% of the area has been examined

Q4) - does anyone think that as the company has now combined with AAZ it makes it a much more appealing takeover target?

Regards,
JF

[jaylett] 08/10/2009 08:33

Richgit

Good post, and I understand your points. I'm also a long term holder, this and one other gold play make up 35% of my portfolio now. My point is that the gold rush we are in the middle of is generating huge amounts of publicity and that is acting as a catalyst for increasing volumes across a number of gold plays. My thoughts are a lot of that money is flying into firms from people who don't know what they are buying into, they just want some kind of gold exposure. I'm a huge believer in Mano, and have positioned myself as such, I just think it's a shame that the wider market doesn't see it that way as yet, whereas other (IMO) 'less-deserving' shares are seeing money coming in.

As you say though, only a matter of time. I'm happy that my average price can be multiplied here a few times over, with patience. I have no need to sell, and I'm also happy to play the waiting game to realise some value. Volume is what we need, and the wider market exposure that comes with it.

Cheers
Jay

[miamisteve] 07/10/2009 19:51

richgit - I think the catalyst will come with the completion of the merger with AAZ, which seems to have moved a step closer as AAZ shares have been suspended.

I suspect that both companies will have held back news for the enlarged group.

African Aura Mining. Gold news will then be coming on 2 fronts, but the big one will be iron ore imo.

[richgit] 07/10/2009 18:35

jaylett.

I would simply argue that the "so called" Market is pricing very little.

I have no doubts that at some point that fact is going to come as a very
rude awakening.

I have held Mana for quite some time,and have very quietly added to my investment.

Two things that can always be relied on:

A)Undervalue always gets recognised,to some extent-eventually.

B)You rarely buy into a "real" Multi-bagger,if you buy at the point that the so called Market already agrees,but then it can take an eon of patience.

Of course you can also buy more at a far higher price,when it is obvious
that some catalyst has arrived that will give a hint that in fact the so called
Market will wake up,and could duly mark the start of that serious re-rating.

At the moment,that is what is tending to happen,as there is(understandable in many ways)-little appetite for long term,and ferocious appetite for anything
that, in the eyes of the short termers,can move-and then hopefully keep moving.



IMHO-when the Market starts to wake up to Mana,it will be a realisation of
what immense potential this stock has.

Just waiting for that catalyst.

[josels] 07/10/2009 13:48

Bought some few today.
Good luck to all we will need it, but the rewards could be good
..

[jaylett] 07/10/2009 09:49

Disappointing that the surge in gold price isn't pulling Mano up with it. The value of the assets in the ground is growing quickly, but the market appears to be pricing that in already...

[leapinn] 02/10/2009 09:03

Sometime in the next week hopefully.,,,,

"on or about 2 October, 2009, subject to the completion of
certain corporate steps and the receipt of certain regulatory approvals"

[newswseller] 01/10/2009 20:00

Guys, Am i correct in thinking that tomorrow the share price should be 8 times higher and i should have 8 times as less shares? Also is the EPIC name going to change? Thanks

[jonny flame] 30/9/2009 18:31

I prefer Iron ore :)

[arf dysg] 30/9/2009 16:58

If you like diamonds, take a look at what Petra has just found:

[biggerthus] 25/9/2009 17:59

o/t steve: don't know if you're only looking at UK stocks or Canada as well? If the latter, have you looked at Kola Mining? (Toronto venture - Nickel, Copper, Cobalt). Making good progress with the (Russian) feasibility study apparently and will be completed before year end, but rather illiquid and will stay so I guess until that's finished. GL.

[miamisteve] 25/9/2009 13:35

I've been looking through various resource stocks for months and this was the one that has stood out so far. My search continues.

BAO to raise the same sort of cash that Severstal have committed to Putu would take them to a comparable market cap. to mano, but with a fraction of the resources.

[martylangan] 25/9/2009 10:23

Fantastic. Thanks Miamisteve. Just doing some initial researching on these and BAO to see which looks the better investment in terms of both current resources and potential.

[miamisteve] 25/9/2009 05:24

martylangan - Average price paid for in the ground iron ore resources was $0.98 a tonne.

Given the early stage of development at Putu, weaker economic conditions and perceived geo-political risk - $0.2 a tonne.

1077mt x $0.2 x 38.5% = around 14p a share.

This is from only 22% of the ridge.