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MANA Man.Assd.Csh

7.625
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Man.Assd.Csh LSE:MANA London Ordinary Share GB00BL3DKG89 MANROY ORD 5P (ASSD HERSTAL CASH)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.625 GBX

Man.Assd.Csh (MANA) Latest News

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Man.Assd.Csh (MANA) Discussions and Chat

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Date Time Title Posts
15/10/200908:29Mano - Facts and Figures4,389
24/7/200607:36Mano River: Charts and Fundamentals4,202
29/7/200519:14mano river3
19/7/200513:50MANA THE BASKET CASE OF 2004/20052
18/5/200413:15Mana from Heaven7

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Man.Assd.Csh (MANA) Top Chat Posts

Top Posts
Posted at 15/10/2009 08:26 by maccalondon
I have a 700% rise today on my iPhone to a share price of 61; nice!
Posted at 14/10/2009 18:27 by 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
Posted at 12/10/2009 20:20 by miamisteve
Jonny - not sure exactly, but judging by Putu and comments from the company I wouldn't be surprised if they went down the route again of a joint venture.

In the presentation on the website they have a number of comparable valuations for New Liberty and Putu. page 22. The Putu figure is very misleading as the don't state that MANA own only 38.5% of the project. Taking African Minerals who are targeting 10bn tonnes and mana at 5bn (x.385) would give a 40p valuation solely on Putu.

New Liberty compared to its peer group would then add a further 8p.

Cameroon? Would prop the share price to over 50p fair value.

I called the company last week to ask why Stellar Diamonds was not on the website. They said that it is still part of the company. I think it possible that it is going to be sold.
Posted at 01/10/2009 20:00 by 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
Posted at 21/9/2009 18:07 by 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.
Posted at 21/9/2009 15:32 by 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.
Posted at 18/9/2009 16:15 by topinfo
Excellent News.

African Aura Resources Ltd Update (Mano River Resources)



TIDMMANA

RNS Number : 3348Z
Mano River Resources Inc
18 September 2009

?
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE
SERVICES.




African Aura Receives Shareholder Approval of
Merger with Mano River


Toronto, 18 September, 2009 - Mano River Resources Inc. ("Mano River" -
TSX-V:MNO & AIM:MANA) and African Aura Resources Ltd. ("African Aura" -
TSX-V:AAZ) are pleased to announce that African Aura shareholders approved the
previously-announced merger transaction (the "Transaction") with Mano River at
its special meeting of shareholders held today. 100% of the votes cast at the
meeting were voted in favour of the Transaction.


The Transaction is structured as a merger under the corporate laws of the
British Virgin Islands ("BVI"). In accordance with the combination agreement
dated 30 June 2009 between African Aura and Mano River, African Aura will,
subject to regulatory approval, merge with MANAAR Limited, a wholly-owned BVI
subsidiary of Mano River.Mano River will thereby acquire all of the issued and
outstanding common shares of African Aura. Closing of the Transaction is
scheduled to occur on or about 2 October, 2009, subject to the completion of
certain corporate steps and the receipt of certain regulatory approvals.


As previously announced, upon closing of the Transaction African Aura
shareholders will be entitled to receive 1.57 shares of Mano River for each
common share they hold in African Aura, provided that no fractional shares of
Mano River will be issued. As soon as practicable after the closing of the
Transaction and subject to receipt of appropriate regulatory approvals, Mano
River will undertake a 1 for 8 share consolidation (one new post-consolidation
share for every 8 pre-consolidation shares) and change its corporate name to
"African Aura Mining Inc.".


David Netherway, Non-executive Chairman of African Aura and proposed
Non-executive Chairman of the merged company:


"The boards of African Aura and Mano River are exceptionally pleased by the
overwhelming support from African Aura's shareholders in approving this
transformational merger of our respective companies. For African Aura, the
Transaction will transform the company from being an early stage explorer to
being a project developer with advanced stage assets in Liberia, including the
New Liberty Gold Project [(NI 43-101 compliant measured and indicated resource
of 1.4 million ounces from 13.533 million tonnes grading 3.18 g/t)] and the Putu
Project [(NI 43-101 compliant inferred mineral resource of 1.08 billion tonnes
at 37.6% Fe, from a 2.6km section of the 12km long Putu ridge)]. The Putu
Project is subject to a joint venture with Severstal [ZAO Severstal Resource
("Severstal")], which is investing US$30M towards a feasibility study to earn a
61.5% interest in the project. Severstal is also a 6.29% shareholder in
Mano River.


For Mano River, the Transaction serves as a first step in its strategy to
identify and consolidate what it deems to be the highest potential opportunities
in west and central Africa. The merger brings a significant pipeline of
complementary earlier stage and highly prospective iron and gold projects to
Mano River's portfolio, notably the Batouri gold and the Nkout iron projects in
Cameroon. Mano River will also benefit from the appointment of experienced
individuals to the board and management team and a cash infusion that will be
applied to accelerating the development of the merged company's most advanced
projects. Mano River will also acquire African Aura's portfolio of gold
prospects in Liberia, including Fula Camp, where positive drilling results have
been announced and which is located approximately 45 km north east of the New
Liberty Gold Project."


Post Merger Strategy
On completion of the Transaction, the initial focus of the englarged group will
be on creating value by advancing the New Liberty Gold Project towards
production and the completion of a 27,000m resource drilling programme on the
Putu Project. In parallel, the merged company will continue the cost effective
exploration of its portfolio of gold and iron projects in Cameroon. Where
appropriate, cost and risk sharing joint ventures will be undertaken on projects
which require either significant capital or in which the board of the merged
company is unwilling to invest additional funds or human resources. Further
merger and acquisition opportunities in sub- Saharan Africa will continue to be
assessed as part of the merged company's broader long term strategy to become a
leading diversified resource company in Africa with robust gold and iron
divisions.


About Mano River
Mano River is an established West African exploration and development company
with a primary listing on the TSX-V (MNO) and a secondary listing on London's
AIM (MANA). Mano River is focused on the discovery of world-class iron and gold
deposits in the highly prospective, under explored, West African Mano River
Union countries of Liberia, Sierra Leone and Guinea. Mano River has a highly
motivated and experienced team with a record of discovering mines and taking
projects towards development and production.


Mano River's major assets are the gold deposit at New Liberty and the Putu iron
ore project, both in Liberia and a 59% interest in Stellar Diamonds Ltd. A
pioneer company in West Africa, Mano River has attracted some excellent
strategic partners, particularly in iron ore and on its diamond properties,
always with the objective of preserving or enhancing shareholder value. More
information can be found on line at www.manoriver.com and on SEDAR's website:
www.sedar.com.www.sedar.com


About African Aura
African Aura has a 'first-mover' exploration strategy, focused on the discovery
of economic iron, gold, and uranium deposits in sub-Saharan Africa. African Aura
has established a portfolio of exploration licences totalling approximately
9,880km2, targeting Archaean greenstone and Proterozoic volcano-sedimentary
belts. The portfolio includes the 12km long Nkout iron project in southern
Cameroon, the Batouri gold project in eastern Cameroon, the Fula Camp gold
project in western Liberia, and a pipeline of significant prospects for drill
testing, as well as numerous other gold, uranium and iron ore targets that
require follow-up exploration. African Aura trades on the TSX Venture Exchange
(AAZ). More information can be found on line at www.african-aura.com and on
SEDAR's website: www.sedar.com.


Oversight
The gold mineral resource estimate included in this press release was previously
disclosed in the technical report entitled "Form 43-101F Technical Report on the
New Liberty Gold Project, Liberia" dated October 24, 2006 (the "New Liberty
Technical Report") prepared by Dexter Ferreira and Pierre Fourie of Lower
Quartile Solutions (Pty) Ltd who are each a "Qualified Person" as such term is
defined in National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101"). The New Liberty Technical Report was filed on
Mano River's SEDAR profile on January 31, 2007 and is available at
www.sedar.com.


The iron mineral resource estimate included in this press release was previously
disclosed in the technical report entitled "Mineral Resource Estimate for the
Putu Iron Ore Project" dated August 2009 (the "Putu Technical Report") prepared
by Howard Baker of SRK Consulting (UK) Ltd who is a "Qualified Person" as such
term is defined in NI 43-101. The Putu Technical Report was filed on Mano
River's SEDAR profile on August 10, 2009 and is available at www.sedar.com.


Forward-looking Statements
This press release includes certain forward-looking statements. All statements,
other than statements of historical fact, included herein, including without
limitation, statements regarding the proposed Transaction and future plans and
objectives of African Aura and/or Mano River, are forward-looking statements
that involve various known and unknown risks and uncertainties as well as other
factors. Such forward-looking statements are subject to a number of risks and
uncertainties that may cause actual results or events to differ materially from
current expectations, including delays in obtaining or failure to obtain
required regulatory approvals. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Any forward-looking
statements speak only as of the date hereof and, except as may be required by
applicable law, African Aura and Mano River disclaim any obligation to update or
modify such forward-looking statements, either as a result of new information,
future events or for any other reason.


Contacts:
Posted at 06/9/2009 18:58 by miamisteve
spurberry - i called african aura about that and they said that the voting forms had just been sent out. The deal will be going ahead.

In terms of what it adds to the equation at this stage not much as AAZ assets are further behind Mana's in terms of development, although the gold and iron stories there sound very encouraging. The latter in my mind will likely strike up the same sort of financing deal as Putu given Severstals close ties with the company.

There is a chance that the stock rerates in some degree with the share consolidation and hopefully greater liquidity that the merger will create.

The share price did seem to jump up from 4p after an IC recommendation and may have a bit of hot money left over that will cause some downward pressure short term.
Posted at 14/8/2009 10:31 by 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.
Posted at 10/8/2009 09:40 by hectorp
Yes well done MANA another milestone for New Liberty

ighlights
* 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.
Man.Assd.Csh share price data is direct from the London Stock Exchange

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