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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Man.Assd.Csh | MANA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.625 | 7.625 |
| Top Posts |
|---|
Posted at 14/10/2009 13:51 by newswseller Well all my MANA shares have gone from my TDW account and no new AAAM shares have been added? |
Posted at 14/10/2009 13:49 by rich1967 Sorry if I am a bit dim but I now seem to hold the same number of shares in AAAM that I held in MANA, but the price is now 61p rather than 7.5p, so my total holding is worth eight times what it was yesterday.Is it time to crack open the Champagne, or am I missing something? |
Posted at 14/10/2009 08:12 by haydan just looked at this for the first time in a whileMANA is no more am i to undersatnd its AAAM now and its an 8 for 1 consolidation so on yesterdays price of 7.5 p we hope to open at 60p suspended at the opening pending an announcement |
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 07/10/2009 18:35 by richgit 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. |
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 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.se 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 05/9/2009 16:48 by richgit There is in fairness some time to go before the market may duly wake up tothe potentials of NL Gold,as it is some time away. More drill results possibly by the end of this year will duly add to the significance. Having already bagged a 25 year Mining Licence granted on 29 July 2009,which is one step we dont need to worry about,which the so called market has chosen to ignore. I have little doubt that as this positively progress for a potential 100,000oz a year Mine-that NL could on its own be reasonably valued for the whole Mkt Cap. Considering Management also viewed Putu as potentially even dwarfing the values of the Gold Mine,and adding the new potentials to Mana,I would argue that the stock has a huge potential to Multiply--with yet some more patience. There are never Guarantees where such muliple gains are possible,though on a realistic risk/reward, this stock could be looked back at by the end of next year,as one of many that could have the Market asking just why it had been previously so overlooked. Buy- Hold-accumulate - and just sit and wait-,IMHO the rest is fairly inevitable.and the risk/reward at these levels just doesnt come much better.. |
Posted at 14/8/2009 10:47 by richgit Its only now a mere matter of a bit longer,in comparison to the years waiting.I have been patiently waiting for my precious Gold above everything else taking place,though I boringly repeat that when Managment obviously agreed with me of the potential real Multi value of getting the Gold Mine into operation,they pointed out that PUTU could dwarf even the Gold............ ....Now Mana just gets potentially better and better,and this final leg of waiting for the inevitable future re-rating ( and I have always believed Multi) will be the most pleasurable. |
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. |
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