Man.Assd.Csh Share Discussion Threads

[hectorp] 29/10/2007 14:35

Not unusual. Sitting tight here.

[jester jim] 29/10/2007 11:32

my buys are showing as sells as they were around 10p earlier this morning

[hectorp] 29/10/2007 11:12

I can't make out of the delayed trade are sells or other trades. Some are
sells, but the 100K looks like a buy. I've added around 48K in 3 batches.
I'll be surprised if we are not close to 11p again by close.

[jester jim] 29/10/2007 10:55

topped up, must be some idiots selling these out given all the news, valuation and gold touching $800 this am !

[hectorp] 29/10/2007 10:35

Topping up here. I suspect this is a tree-shake, and nothing else.
Quite a few buyers coming in around 10.2p . ( and self)

[hectorp] 29/10/2007 10:27

I suspect not. The chart clearly shows MANA is very often prone to spikes.
Then back up she goes. Fundimentals are appearing very much stronger for MANA than last year however. We make our choices and live with them.

[westmoreland lad] 29/10/2007 10:06

Hectorp-- very odd -- were now in the top 10 largest %age losers.

Is there something I'm missing here ?

[hectorp] 29/10/2007 09:28

Well U they are not getting any of mine.
IF the fall were to continue I will certainly top up by some margin. Its almost a godsend.

[unionhall] 29/10/2007 09:10

and gold at $792.....

[hectorp] 29/10/2007 09:00

Odd share action this morning in light of a series of good newsflow and updates. Perhaps someone important wants to buy many shares.

[chipperfrd] 29/10/2007 08:43

Some new articles on the Media coverage section of the Mano web site:





Chip

[simon54] 27/10/2007 21:01

I guess so , Chip (I'm just feeling argumentative!) - the problem is that people latch onto the simple Baring 10% ITG notion and apply it to Cu resources as if they were equivalent to Au (which is just plain stupid),or to inferred resources as if they were equivalent to measured (or to reserves, for that matter).It gives something of a carte blanche to anyone who wants to promote their stock as being 'undervalued'!

- And if I'm caught holding a stock trading at 40% ITG value then I've not been paying attention!

Obviously I agree, though, that MANA stacks up as being a bargain whichever way you look at it.

[chipperfrd] 27/10/2007 20:23

'H' O/T
If you are thinking as far out as 5-10 years it might be worth you casting a look over GIP (aim & asx). It is pretty bombed out after seemingly little progress over a number of years but it does have one of the few large tantalum deposits discovered in recent times and with Egypt now moving towards a more equitable place for miners to do business it might well be a decent longshot for 2010/11.
Chip

[chipperfrd] 27/10/2007 20:15

H & Simon,

I think the Baring formula is useful as a rough yardstick, for comparison purposes for early development projects, but it obviously fails to work in all cases (vein deposits for example).

However, it is only meant to provide buying limits (up to 10%) and max selling limit (by 40%) and it is perhaps best used to prevent over paying rather than for suggesting an under-valuation.

It is 'quick and dirty' but useful none the less IMO.
Chip

[simon54] 27/10/2007 19:55

I'll shoot my mouth off now and say that the 'Baring Formula' continues to show all too little correlation with the real world when applied to resources across the development scale, although I guess it should be a reasonable rule of thumb when you have a mine up your sleeve... problem is we can all think of examples which fall well below the 10%... and of course, we have to factor in capex requirements...

Looking back, the pace of development at Kono has been a considerable disappointment to me (translation = 'I was naive'), but that was then and this is now. The tide seems to be rising.

[hectorp] 27/10/2007 19:43

It would be a very fine thing to see the Baring formula applied to New Liberty, chip - and then transferred to the share price. When the company is demarged it would be gratifying to see the iron and gold features being ascribed valuations above 16p share price ... while the diamond company is moving up on its own valuations.
I don't know, but I am considering I am not seriously enough ascribing funds to both MANA and EPD in sufficient amounts, and I should think what I want from these companies in two years. Not long really. I only have 5-10 years investment time left.
H.

[chipperfrd] 27/10/2007 13:11

With greater market interest in gold, those developers with Jorc resources should start to receive closer attention.

If one applies the Baring formula to the NL mine alone (ie 10% of in-ground value) then one can arrive at 16p/share for Mano's 90% interest.

The diamonds and iron ore may well have longer-term upside, but let us not forget that Mano have a gold mine 'ready to go' once financing is completed.

Chip

[hectorp] 27/10/2007 12:06

MAna seeems to be getting a lot more interest from investors, as the upsurge in posts here suggests, and also the fairly imminent float of the Diamonds section of the company should halp the city to make much better sense of what MANA has and increase coverage too, as Brokers have to cover each of the companies separately. A small rise in admin costs to MANA will be handsomely outbalanced by the effects of the demerger.
Also we can see a rapid increase in market interest in Lobaria Sierra Leone etc, where we are already in advances situations.
Perhaps MANA will soon benefit from a repeat of the flurry of several eyars ago when she started out.
Also several of the AIm diamond miners have been making gains.
H.

[westmoreland lad] 26/10/2007 22:27

Heck Hectorp-- all very impressive stuff- destabilisation / dynamics /
perspectives. ''Then along came Jones'' oops sorry, encarter--
'' significant opportunities ''--- TRUE !

Good to see that I'm not alone here-- major longterm investment--imo

[hero2] 26/10/2007 22:23

I THINK WE SHOULD ALL STAND BACK.THE INFORMATION SIMPLY IS NOT THERE.STICK WITH OUR 500K HOLDINGS AND PERHAPS WE'LL GET A NICE SURPRISE-HANG LOOSE,GIRLS.

[encarter] 26/10/2007 21:43

"MSA Geoservices director and consulting geologist Frieder Reichhardt said that significant opportunities existed in West Africa, specifically Guinea, Sierra Leone and Liberia."
That's us us and us.

[hectorp] 26/10/2007 20:44

Imagine the crown pillar, a dome of material with several drill holes under it. The image is them a crown. then destabilise one of the several supports later and the whole thing comes crashing in.

Good to see so much newsflow and dynamic development perspectives.

[simon54] 26/10/2007 20:26

It's like the more you learn the more you realise what you don't know, eh?

Bageo - yes, I'd understood 'sterilise' in that sense - i.e., defining an area that you weren't going to dig up. Your explanation seems very reasonable.

[bageo] 26/10/2007 20:17

Sterilisation drilling is carried out to define areas without economic mineralisation to allow construction of facilities. Making a jump from this if the crown pillar is sterilised it cannot be extracted. I'm not sure precisely the meaning of crown pillar, unionhall has mentioned this, but the issue would appear to be:

If the rock overlying any underground workings (in this case between the base of the open pit and the nearest to surface underground workings) isn't strong/thick enough then it may collapse causing a hazard on surface and more likely damaging the underground mine. Essentially you could start a 'cave' c.f. block or panel caving.

[unionhall] 26/10/2007 19:59

Perhaps even two smidgens - however I get the feeling that plans now determined will actually happen under the new regime.

The raison d'etre of these guys is to get stuff out of the ground. The geologists' driver was to find the sparkles, not necessarily exploit it.

Both have their place in the exploration cycle.....



(on brief googling "sterilize" in this instance seems to relate to the inability to mine in the vicinity/under a "crown Pillar" - a supporting column of ore left as a mine is developed under some mining practices.)