Man.Assd.Csh Share Discussion Threads

[hectorp] 11/10/2007 15:00

JUst good Petra results in general.. coincidence?
I see many mining and oil shares up over 5% today, eg MANA 9%,
Perhaps our good news of yesterday has come at just the right time in the markets.

[jester jim] 11/10/2007 14:55

Petra diamonds up 10%, is this part of the rise? May be the Kono results were more significant than we thought?

[hectorp] 11/10/2007 14:53

MANA +9.33 %
FTSE + 1.16% ..

[hectorp] 11/10/2007 14:48

If Diamond share investors could get their peepers round what MANA has in total, and looking forward to the floating of the Diamond part of the company, the sums have to add up to more than 15p.

[jester jim] 11/10/2007 14:35

topped up, the old girl is off the floor again!
12p looking possible if we sustain this but we really need to get to 15p
Market strong, gold rising and the last few very positive press releases seem to finally be getting noticed

[hectorp] 11/10/2007 13:42

Good to see you very pleased about it U, and Arf , good analysis.
MANA really must be getting a litle better known about from here one would think.
Added a few today. If I can see 40% gain again over the coming year I'll be delighted.

[unionhall] 11/10/2007 12:55

Looks like 2008 may be a good time to be exploiting a mountain of Iron Ore and negotiating with potential partners......


Hopes for Iron Ore Lift Exxaro

By Charlotte Mathews
10 Oct 2007 at 10:24 AM GMT-04:00


JOHANNESBURG (Business Day) -- Expectations of a substantial hike in global iron ore prices next year have pushed coal and base metals producer Exxaro Resources' [JSE:EXX] shares up 36% in the past six weeks.

Its shares have risen to R88 from a recent low of R64.50 in late August.




Apart from its portfolio of open-cast and underground coal mines and investments in mineral sands and zinc, Exxaro also holds 20% of the Sishen Iron Ore Company, a subsidiary of Kumba Iron Ore [JSE:KIO].

Bloomberg reported two weeks ago the world's three biggest iron-ore producers - Companhia Vale do Rio Doce [NYSE:RIO], BHP Billiton [NYSE:BHP; LSE:BLT] and Rio Tinto Group [NYSE:RTP; LSE:RIO] - could negotiate a 30% increase in annual contract prices to take effect from April 1.

Iron ore is an input of stainless steel, and Chinese steel producers are expected to lift production 15% to meet demand for cars, railways and buildings, Bloomberg said.

Kumba Iron Ore holds separate price talks with clients, but is likely to be influenced by accords reached by the major iron ore producers. Kumba Iron Ore's shares have also risen, but at a slower rate than Exxaro's. Kumba's shares are at about R231, 25% more than six weeks ago.

Imara share price Reid analyst Steve Meintjes said the chatter in the markets was that iron ore contract price increases next year would be 20% or higher. A second factor driving Exxaro was that South African coal prices had increased.

[bert23] 11/10/2007 10:30

Looks like Stellar IPO is going ahead from what I've just heard from Cornhill.

How long before PDL buys it?

[encarter] 10/10/2007 22:01

I have contacts in Sierra Leone who advised me to invest in diamonds, hence my recent investment in MANA. It looks like they were right.

They tell me that they are very pro British and that since the war ended alot of kids have been named Tony Blair.

The third largest diamond ever found came from very close to our licence.

[arf dysg] 10/10/2007 14:40

Does this mean we have kimberlite at the end of the tunnel?

Their trenching and surface grab samples are consistent. The surface grab samples had a much lower grade, but then it appears as if it was analysed in the field and diamonds were picked out by hand. (well, tweezers, most likely). This would give a lower grade than the laboratory method of dissolving the whole thing in a caustic solution and sieving the resulting goo through a fine mesh.

I notice there were six trench samples, presumably from six different sites. Four out of six seemed to give pretty high grades with the other two giving medium grades. This gives you some idea of the variability between sites but it also says there's a better than even chance of having a good grade wherever you dig.

[hectorp] 10/10/2007 10:31

Arf, good analysis from you sir.
Chip too soon etc.. often a problem with Diamond mines, long time to prove up, but it is something at least.
H.

[nathand] 10/10/2007 10:12

Thanks for giving me a good l'arf re the share price.

If it's any consolation the L2 has firmed up markedly with all bar one (not the actual soulless pub chain I hasten to add) on 9.25/10.25 at this time.

Although last time I posted similar the standard retracement was only moments away...

[chipperfrd] 10/10/2007 10:01

Morning H,
Certainly good news from the BHP jv, but a bit too early to draw any real conclusions from the limited sampling so far IMO.
Chip

[arf dysg] 10/10/2007 09:57

2 carats from 1200 kg... sounds like 1.66 carats per tonne to me, or 166 cpht. That's very good. The quality sounds good: octahedral or dodecahedral either clear white or translucent. Lots of stones at the larger end of the scale is good, too.

Naturally, the share price has responded by going up literally thousands of percent... oh, maybe not.

[spaceparallax] 10/10/2007 09:18

Sounds promising

[arf dysg] 09/10/2007 10:52

3 x 1000 tonnes!
:) :)

[hectorp] 08/10/2007 18:41

Yes I also appreciate the term 'seamless progression' and hope for the mine to do that.
Its no guarantee however so a lot rides on the 3x100 tonnes extended sampling. See how it all works out in the spring.
Separetly the Iron ore project, if there is no world recession in 2008-9, could do us proud.

[arf dysg] 08/10/2007 16:15

They'd have to be a bit conservative according to what their NOMAD would allow.

I'm sure we've seen "encouraging" before (recently) but now we have "highly encouraging". I also like the "high likelihood".

They're even talking about dates of production. This is looking good.

A £25m market capitalisation when we almost have a diamond mine?
£25m with all infrastructure already in place? Crazy. This can only go up.

[unionhall] 08/10/2007 16:03

and a little more detail......


Sierra Leone

Great strides have been made in the development of the Kono Project in Sierra
Leone, where test work has moved into the final phase. Petra has developed a
series of exploration shafts and trial mining has now commenced, with the aim of
better understanding the grade and structure of the fissures.



This year will be critical to establishing whether we have an economic mine at
Kono and the results from our development work to date are very encouraging. By
September 2007, we established trial mining on three shafts and had recovered
some 2,809 diamonds totaling 241.7 carats. Crucially, our operations had also
started to encounter much better, consistent widths of kimberlite, along with
excellent in-situ kimberlite grades of between 50 and 80 cpht. These results,
combined with the rapid advance gained in our understanding the fissures at
Kono, all serve to increase our confidence in the positive potential of this
project.



Petra now plans to extract a 1,000 tonne bulk sample from each of the three
shafts with the aim of establishing possible run-of-mine grades, diamond values
and the other parameters required for a scoping study. Given the nature of our
development work, the Company now has the plant and related infrastructure in
place to fast track the project towards production, possibly within 12 to 18
months.



Petra's interest in Kono is 51%, with its joint venture partner Stellar Diamonds
Limited, a 68.5% owned subsidiary of Mano River Resources Inc, holding the
remaining 49%, and each party funds the project as per its percentage holding.

[unionhall] 08/10/2007 16:00

From today's Petra Annual accounts.....

Positive without being ecstatic - nevertheless the most progressive and optimistic report todate re Kono. "seamles transition to production" would be nice.

Sierra Leone

* Development programme making solid progress at the Kono project, with test
shafts delivering highly encouraging results due to consistent kimberlite
fissure and good fissure widths encountered

* Trial mining commenced on three shafts, where in-situ grades of between 50
and 80 carats per hundred tonnes have been achieved

* Petra believes that the test shafts have a high likelihood of developing
into producing operations; appropriate infrastructure and equipment already
in place to make seamless transition to full production

[hectorp] 07/10/2007 00:00

now - what exactly IS zomognosis HERO2. it seems greek of course, it contains the core 'gnosis' as in gnostic ( agnostic being an opposite) enlightened knowledge.
but
a Zomo is a cross between a cow and a, yak. so it may be 'a spiritual cow-yak'.
- !

Unionhall, November not far off...

[unionhall] 06/10/2007 20:31

November....