Man.Assd.Csh Share Discussion Threads

[hero2] 16/1/2008 21:51

avatar?Iain M Banks?

[hectorp] 15/1/2008 19:40

you guys on the juice?
what is Manatron?
a cyber-avatar of MANA? well I admit to the occasional Sci-Fi read.

[arf dysg] 15/1/2008 15:18

hero2, These things are filtered by machine. The computer is looking for "mana" or "mano" or "mano river" in an RNS announcement, which is why we get announcements relating to manatron.

[nathand] 15/1/2008 15:13

Liberum Capital, the only MM on 10.5 bid since 14:21, are gobbling up all the sales quite happily at this time it seems. Though what that actually means in the scheme of things is anyone's guess... filling a large buy order perhaps?

[hero2] 15/1/2008 15:06

what dingbat has added 'manatron' to this thread,or is there something going on i don't know about

[hectorp] 15/1/2008 11:45

support 11.75 level on a 3rd spike up. Of course circumstances look even more promising than during the last rally.

- commodities may do OK, ( GS commodities analyst ) due to China being a bit more signifiant than the US's fall. Iron ore, we know about, diamonds, doing fine, gold, well...

[unionhall] 15/1/2008 10:15

Getting quite dizzying....

[jester jim] 14/1/2008 09:56

looking promising again this morning, should tick higher gain with this tight spread

[hectorp] 11/1/2008 18:34

Freom the recent update this is interesting, up to 900M tonnes.

SRK considers that there is a notable resource upside potential when considering
the extent of the magnetic anomaly over a 12km strike length. Mano through 80%
owned AIOG is currently targeting a potential resource of 900 Mt. SRK consider
this to be a reasonable objective. SRK notes Mano's target will only be verified
by further reconnaissance and drilling. The exploration of Jideh Mountain is,
however, in its infancy and without the benefit of drilling (undertaken using
modern techniques) the true nature of the ore types and the grades that are
realistic, are considered by SRK to be speculative at present.

[hectorp] 11/1/2008 18:31

Yes, the Iron tail wagging the dog. And if Iron ore becomes a demand around where Mana's iron ore is, then we could get an offer to J/V. Thats clearly a good possibility. MANa with , for example, 20% of a major's buy-in would also transform mana. is it big enough however, to attract predation.

[jester jim] 11/1/2008 13:18

Indeed, he MANA may or not be in the Mano cluster. I think the fact they have 500mt of Iron ore is the real significance and it could be worth a big multiple of the rest of the company (ie gold & diamonds)

[hectorp] 11/1/2008 12:20

Hmmm the tata.. hope they dont market them in the UK under that name.

[chipperfrd] 11/1/2008 11:42

I suppose that Tata are expecting big demands on it's steel production now that it is producing the world's cheapest car!

[unionhall] 11/1/2008 11:35

In case there is any confusion I don't think the "Mano River" mentioned in the article relates to the company - it relates to mountains adjacent to the actual Mano River.

But on the broader view of interest in Liberian Iron sources it is indeed excellent.

[hectorp] 11/1/2008 11:02

MANA is very early stage with the Iron Ore Project. However, it is attracting buyers. If we were at feasibility stage, MANA could have put on a few pence.
Early days for teh Iron. and I'm quite tired waiting for gold developments and diamond production.

PS Iron doing well in 2008, would suggest my plays in MOLY, are justified.

[nathand] 11/1/2008 10:48

The interest in the Iron Ore arm is fantastic in my opinion... hopefully the more coverage this gets the more the Market will appreciate the underlying value of the company as a whole.

Shares wise, there appears to be a dearth of free shares on offer at this time, I cannot currently get a confirmed quote for sizes from 20K shares upwards (electronically).

[jester jim] 11/1/2008 09:17

From www.minesite.com, mentions Liberia


India's Tata Steel Bids For Iron Ore Mines In Liberia

By TC Malhotra in New Delhi

Indian steel giant Tata Steel, which is trying to secure raw material, is now spreading its wings in Africa. After signing a joint venture agreement with the state-owned West African company, SODEMI, for the development of Mount Nimba Iron ore deposits in Ivory Coast, the largest Indian private sector Indian steel company is said to be considering an investment of about US$1.5billion in the Western Cluster iron ore deposits in Liberia.

Indian print media has reported that Tata was one of the seven short-listed bidders for the Western Cluster iron ore deposits, which is made up of three deposits spread over 207.58 sq km. Other short-listed bidders selected out of 14 expressions of interest were Delta Mining Consolidated, Sinosteel Corporation, Xingxing Group, Rio Doce South Africa, ArcelorMittal and Bahlodi Africa.

Reports' reaching here from Liberia has confirmed that the government in that country was in a process of shortlisting companies for mining operations in the Western Region. An evaluation team has been set up to do the vetting. The shortlisted companies would then be requested to submit proposals for the development of three separate mountains grouped into a cluster of mines.

The Western Cluster comprises the Mano River iron ore deposits, formerly mined by the National Iron Ore Company, the western part of the Bomi Hills iron ore deposits, formerly mined by the Liberia Mining Company; and the Mountain iron ore deposits.

Tata Steel has not made any official announcement about the Liberia development, but the published report quoted an unnamed company spokesperson, who refused to comment directly on Liberia development, as saying that the company is looking at all opportunities globally in the area of resource security for the group.Tata used to supply up to 80 per cent of the raw feed needed by its mills from its own mines. But with Corus in its fold, that figure has fallen to only about 25 per cent. Tata Steel has recently acquired a coking coal block in Mozambique and an iron ore lease in Ivory Coast. It is also looking for new reserves in Brazil and Australia.

Earlier, last month Tata Steel Limited and SODEMI (state owned company for mineral development) have entered into joint venture agreement for the development of Mount Nimba iron ore deposits in Cote d'Ivoire. Tata Steel will hold 75 per cent stake in the joint venture.

The initial phase will involve exploration and detailed feasibility assessments followed by construction of the mine and beneficiation facilities. The iron ore from this project will be supplied to Tata Steel Group facilities especially those located in the United Kingdom and Netherlands. The Mt Nimba deposit, spread over 3 countries - Liberia, Guinea and Ivory Coast, is one of the biggest in the West Africa. Studies revealed that the mines can produce 700 million to one billion tonnes of ore every year.

Established in 1907 as Asia's first integrated private sector steel company, Tata Steel in 2006 on a combined basis is the world's sixth largest steel producer in terms of actual crude steel production with geographic footprints in India, South East Asia, UK and Europe. With the recent acquisition of Corus Limited, the combined enterprise has an aggregate crude steel production capacity of around 28.1 million tonnes.

Tata Steel's mines, collieries and Jamshedpur works in India are ISO 14001 certified for environment management. The company's Jamshedpur steel works along with its Ferro Alloys and Minerals Division, have been conferred the SA 8000 certification for work conditions and improvements in the workplace - the first in the world.

[unionhall] 10/1/2008 22:25

encarter - I wish it were so but almost definitely a roll-over or a transfer between accounts. Buys at that level would have moved the share price significantly I think.

[unionhall] 10/1/2008 22:22

January 10, 2008

India's Tata Steel Bids For Iron Ore Mines In Liberia


By TC Malhotra in New Delhi

Perhaps the six unsuccessful suitors will turn their eyes to the Putu Range....



Indian steel giant Tata Steel, which is trying to secure raw material, is now spreading its wings in Africa. After signing a joint venture agreement with the state-owned West African company, SODEMI, for the development of Mount Nimba Iron ore deposits in Ivory Coast, the largest Indian private sector Indian steel company is said to be considering an investment of about US$1.5billion in the Western Cluster iron ore deposits in Liberia.
Indian print media has reported that Tata was one of the seven short-listed bidders for the Western Cluster iron ore deposits, which is made up of three deposits spread over 207.58 sq km. Other short-listed bidders selected out of 14 expressions of interest were Delta Mining Consolidated, Sinosteel Corporation, Xingxing Group, Rio Doce South Africa, ArcelorMittal and Bahlodi Africa.

[encarter] 10/1/2008 22:18

Two big buys at close, somethings cooking.

[unionhall] 10/1/2008 19:34

...and gold at $890....what a great time it would be for a few positive announcements....

[hectorp] 09/1/2008 23:52

Thanks U, very helpful. So much for the West's credit squeeze damaging metals prices.

[unionhall] 09/1/2008 22:06

Iron ore prices expected to soar in 2008
By Jon Nones
09 Jan 2008 at 11:17 AM

Spot prices for iron ore in China, the world's biggest buyer of the steelmaking raw material, may test a record. Cia Vale do Rio Doce (Vale), the world's largest iron ore producer, said one of its Brazilian ports would halt shipments until February.

The cash price of iron ore imported into China rose by 2.1% to 1480 yuan ($231.55) a tonne last week at Beilun, where Baosteel Group, the nation's largest mill.

Prices of iron ore are determined by price negotiations made in the spring/early summer between iron ore producers and steel manufacturers.

Prices negotiated by Vale rose 9.5% in 2006/2007 after increasing 71% in 2005/2006. Some analysts expect a median price rise of about 25% in 2008 to almost $70/tonne.

[arf dysg] 08/1/2008 17:49

How very interesting. One more hump on the camel. This is getting to be quite a beast.