||MANROY ORD 5P (ASSD HERSTAL CASH)
||EPS - Basic
||Market Cap (m)
Real-Time news about Man.Assd.Csh (London Stock Exchange): 0 recent articles
|maccalondon: I have a 700% rise today on my iPhone to a share price of 61; nice!|
|chris nuttall: Ok not understanding this, if the dillution is 8 to 1 then surely the new share price should represent 8 x the old share price?? If the price stays the same then we might as well have ripped up 7 old shares just to get where we are now.
Can someone please explain to me how this is shareholder value, shouldn't the new shares have been rerated.
Thanks in advance Chris Nuttall|
|newswseller: 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|
|miamisteve: AAZ should now be pegged to MNO, MANA share price.
With 1 AAZ = 1.57 MANA
At consolidation the company will change name to
African Aura Mining - which does sound a little less weird than mano river.
I noticed that the evolution february broker buy note has been pulled from the companies website. That at the time had an 18p target price base on 400mt of iron ore at putu. I suspect that an updated note will materialise shortly, post merger.|
|miamisteve: Well seriously had to pinch myself when I came across this company.
Was scouting for gold plays, but the iron ore potential here is breath taking.
I spoke with the company and received a very positive impression.
The 2.6km of Putu that has been analysed with a reserve base of 1077mt also have an estimated additional 364mt below.
I asked the company if that 2.6km stretch was the first because it was the most prospective area and they categorically said no. That 2.6km was studied because it was accessible and had already had some initial drilling. The rest could yield more, could yield less pro rata. My instinct would be on the upside though with the taller planes being the less accessible and containing a deeper reserve base.
Extrapolating the 1077mt + 364mt for the full 12km would give a staggering 6.65mt. There is a second much larger ridge that has yet to drilled. Lets leave that out of the equation though.
I asked about the $1 a tonne average transactions for iron ore reserves that had been set and was quoted in the evolution buy note, and was explained that many were made during the commodities boom and were in incomparable geographical locations.
Was told African Minerals in neighbouring Sierra leone was more in the ballpark. Their current mkt cap. is £820m. Which incidentally I feel has a lot further to run.
This company is aiming for 10bt by the year end. Lets say that MANO hit 6bt (so 60%) and have only 38.5% rights to their licence, then we are looking at an all things being equal market cap. of £189m for MANA. After the African Aura merger they will be on around £35m mkt cap at the current 8.6p share price. Giving my medium term target of 47p.|
|buy gold sell dollar: Over the border in Sierra Leone from Mano's Putu project
UPDATE: African Minerals In M&A Talks With ENRC, Others
LONDON -(Dow Jones)- African Minerals Ltd. (AMI.LN) shares rose as much as 10.8% Thursday morning after it said it was in advanced talks with Eurasian Natural Resources Corp. PLC (ENRC.LN) and several Asian corporations on a potential takeover or funding for its flagship project.
"African Minerals ... confirms that it is in advanced discussions with Eurasian Natural Resources Corporation (ENRC) and several large industrial corporations in Asia, which could involve an offer for the company or the funding of the development of its world-class iron ore asset at Tonkolili," the AIM-listed miner, which develops iron ore projects in Sierra Leone, said in a statement.
At 1059 GMT, African Minerals shares were up 29 pence, or 8.3%, at 371 pence.
ENRC declined to comment on the African Minerals' statement.
It is the second time this week that the Kazakhstan-focused miner has been linked to a possible takeover bid. On Wednesday, ENRC said it was in advanced talks to buy Central African Mining and Exploration Corp. PLC (CFM.LN) in a deal that would value the AIM-listed copper and cobalt miner at about GBP563.18 million ($929.38 million).
African Minerals said there is no certainty a deal will be concluded. The company couldn't immediately be reached for further comment.
African Minerals' market capitalization is about GBP790.5 million. The company's share price has rocketed from 22 pence at the start of the year.
Timis Diamond Corp. Ltd., controlled by African Minerals Chairman Frank Timis, holds a 19% stake in the company.
Company Web site: http:www.african-minerals.com
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; firstname.lastname@example.org|
|hectorp: Remember when Dana consolidated , the share price was around 16p.
I still have about 600 Dana shares that I paid 9p for.
Mana could be a pound a share a few months after consolidation.
I also happen to see Mana has turned a big corner on both Iron and gold frontsin the past two weeks.|
|hectorp: Yes well done MANA another milestone for New Liberty
* Class 'A' 25 year Mining Licence granted on 29 July 2009
* Bankable Feasibility Study for underground mine planned for completion by the
end of 2010
* Up to 10,000m drilling programme planned to assist feasibility study
* Current resource of 1.4 Moz, (NI 43-101) 13.533Mt measured and indicated at 3.18
g/t gold with further potential
- Looks like at last we will have a 14- year life ( minimum) gold mine with production around 100K /year, should start to underpin MANA's share price from here on. Combine that with the very promising large Iron ore project.|
|hectorp: One would feel sure MANA management and chaps on the ground would act to reduce this sort of impact pretty effectively.
- MANA share price looks very appetising, and some news could return us to 12p region quickly.|
|hectorp: charting aside:
MANA share price is returning to the point where it has continuing support... it could be a good time for anyone interested, and there are a few, to start adding or buying . THe lower ( gently dropping) one year support line, I surmise, will not be met again.|
Man.Assd.Csh share price data is direct from the London Stock Exchange