Man.Assd.Csh Share Discussion Threads

[arf dysg] 08/4/2008 14:56

Oh ho ho! Another rise on good volume.

[hectorp] 08/4/2008 14:30

Looks exceedingly good value again.. exceedingly so, where are my cakes.

[arf dysg] 07/4/2008 18:55

Mmmm... I notice a share-price rise and way over a million shares traded today. Does this presage good things for Mano in this tax year?

[chipperfrd] 04/4/2008 20:12

Pity that Mano's iron ore interests are on the 'wrong side' of Africa and that they are not at a stage for immediate exploitation given the Chinese frustration with Oz suppliers.

[arf dysg] 04/4/2008 19:20

Scrumptious indeed.

[richgit] 04/4/2008 19:07

So the potential at Putu could completely dwarf my Gold Mine !!


Yummy.

[arf dysg] 04/4/2008 09:44

"Pivotal" hey? With a gold mine trembling on the cusp of history, alluvial and hard-rock diamonds peeking shyly into the picture and even iron ore stepping hesitantly into the spotlight, Mano should be a very attractive company in a few months.

[encarter] 02/4/2008 22:45

More press

Another AIM-listed company Mano River Resources is making plans to list is subsidiary Stellar Diamonds and has completed a pre-IPO placing of 2,375,000 new ordinary shares of 1 pence each in Stellar, raising gross proceeds of £2.375m, said Mano.

Mano is the largest shareholder in Stellar, holding 63% of the enlarged issued capital. Stellar's CEO Karl Smithson said the funds raised would primarily be used to strengthen the company's portfolio ahead of achieving a listing on AIM.

"The proceeds from the placing will be used to continue development of near term production projects at the Kono underground trial mining project in joint venture with Petra Diamonds in Sierra Leone and the 100% owned Mandala alluvial diamond project in Guinea. Additionally, the proceeds will be used to advance key diamond exploration activities and for general working capital purpose," said the company.

[arf dysg] 02/4/2008 14:15

Hectorp, the way to answer that is to look at an actual coin. I've just looked and it does say "one penny".

ISAs... come to think of it, I haven't put any cash into one for months, possibly longer. It's ages since I bought any MANA and I do have a little spare cash at the moment. That's got me thinking...

[unionhall] 02/4/2008 12:24

HP, Isn't this the last year to realise a 40% write off on losses if held for less than 12 months?

Not relevant to me but so I glean from other threads.

[hectorp] 02/4/2008 12:17

Arf surely one 'penny' now refers to the old currency and one pence, to a unit of the current one?

PS its probably as good a time as any to build yet again on my long term holdings. U, not much year end selling likley as it is so depressed, one would think anyhow.
Share price bringing MANA to the levels of my other 'long term unrequited hopefuls' SEY Tower Resources, and RIFT.

[unionhall] 01/4/2008 16:16

Got a nibble from the petra side that the Kono grades may be within expected levels - certainly no downside - wish they would finalise/release them.

The Liberty Assay results are beginning to be returned but we will not hear about the deep gold they have hopefully found until all are received/analysed - 1 to 2 months ?

Bouro processing plant to leave Capetown in May for production start August/Sept.

Looking forward to end of Tax-Year-end-Selling if that is affecting the share price now.

No other substantive reason per the company.

[encarter] 31/3/2008 22:28

Some press

[richgit] 31/3/2008 15:40

The same opportunities are there but now so called investors will be able to see
what they have ignored for years,in so much the growing valuations of each entity.

When in Mana`s history have so called investors ever been able to see that
their stake in say -the Diamonds- could be worth more than the Market currently values everything.

That is the very reason this was all put into action,sheer frustration with
the idiot infested Market.

I have never seen anything quite so clear cut,unless some sad people think our Gold is worth - Nothing !!! (Lol)

I wont be saying any more for a while as I was trying to be of help when in
reality I wish to steal stock from the blind.

[bicc] 31/3/2008 15:25

Wish I could be convinced, unfortunately your piece adds nothing to what I have already said. Better to retain the different resources and share responsibility with diferent partners by releasing some of the share holding. That way investors have the knowledge of owning a spread of potential opportunities. To achieve this, it is clear the company's profile must be well managed and have a leader capable of making an impact. Not always easy.
Nevertheless, I will remain for the time being. Hoping.

[richgit] 31/3/2008 15:02

You are wrong.

The so called Market has found it impossible to focus on valuing
Diamonds.Iron Ore & Gold.

This way there are clear cut divisions and highlightings of locked up value
that the Market has ignored.I say the Market because at the moment that mainly consists of numbnuts.

My main interest is the Gold,so slightly disappointed that we didnt go ahead
with production as originally planned into a current Mkt of circa $1000 oz .

Now imagine when the numbnuts are able to focus on an even the bigger potential of New Liberty possibly heading for production at Gold ahead of $1200 oz.

Always ifs buts and maybes though I would be looking for our Gold assets
to be valued at well north of £50Million and that leaves the Iron Ore.

Nobody will be moaning if the stake in Stellar goes to a valuation of beyond
the current whole Mkt Cap,yet I expect some to be totally blinkered..

Now thats a Multi-Bagger potential for me (eyes wide open).

[bicc] 31/3/2008 14:35

I refuse to beleive that splitting the resources will deliver greater rewards. If anything it will increase overhead costs and reduce central resources by diluting assets and funds.
If a company is incapable of convincing the market of its worth unless it is presented as individual assets, it remains unlikely to to succeed imo.
More to do with management than resources.

By the way, I have held for several years, so have good cause to see the price head north. So hope I'm wrong.

[richgit] 31/3/2008 11:37

New Liberty has been frustrating and moreso that We/I cannot now get an idea of
what the Company envisages as earliest possible production date target.

It is a shame that we probably cannot afford to get more Rigs churning and
speed up the process.
I am no mining expert and did ask why we couldnt do what Avocet so successfully does ie:get into production and then continue to prove up more reserves.

Its maddening because the value of New Liberty should be worth a Multiple of
the current total Mkt Cap,on its own.


New Liberty:-29/01/2008
With a newly purchased high capacity drill machine already on site, the Company has commenced this month a 2,000m resource/reserve delineation diamond drilling
programme, focussing initially on the Larjor Zone.

However the eventual even greater value for NL will reward the wait,and of course
we have all the other pluses to keep us occupied on the journey to a significant
uplift in the stock price. .


PS>Examining the potential equation here,I would cosider a 10 bagger somewhat
disappointing yet an easy target in "time".It is not inconceivable that we could
be hedging part production at New Liberty @$1500oz assuming first production
is looking at 2010. (Fingers crossed)

[arf dysg] 31/3/2008 11:21

Someone sold 100,000 shares at 7.5p. That's gotta hurt reeeeal bad.

Quality assets going at fire-sale prices. This will continue for months. Get yours while you can.

I know I can get rich quick on the stock market, but I'm having to wait for it a long, long time. :)

[arf dysg] 31/3/2008 11:16

Someone's forgotten how to speak English. They issued "new ordinary shares of 1 pence each."
"Pence" is PLURAL, so it should be "shares of 1 penny each."

On the plus side, the previous placing was at 87p/share and the current one is at 100p/share. That's a growth of one eighth (12.5%), which is the growth of the value of Mano's shares in Stellar. For Stellar itself, the growth in capitalisation is about 20% (12% increase of price per share and 8% increase in number of shares).

This fund raising values Stellar at a bit over 30 million pounds (30 million shares x 100 pence per share). Add on a bit for options and warrants if you like. Mano therefore owns 63% which is 19 million pounds. Mano's current market capitalisation is what.... 23 million pounds? ???

So the 4 million pounds of Mano's capitalisation aside from its interest in Stellar accounts for the gold mine with DFS and the iron ore. Ridiculously cheap.

[richgit] 31/3/2008 11:13

Lol,

This means that we get the Gold & Iron ore for a mere few Million valuation.

I would think even the most pessimistic should see that`s ridiculously undervalued,and I have no doubt some will regret parting with their dreams at
such a Capitulation value.

[unionhall] 31/3/2008 11:10

NO....


Stellar now worth £30m based on the placing price.

Mano hold 63% = £19m.


Mano market cap 300m X 7.5p = £22.5m

So New Liberty and PUTU only given value of £3.5m.

[hero2] 31/3/2008 11:03

Can someone explain to me,in words of one syllable, why what sounds like a positive announcement re Stellar has crashed the Mano share price?

[targatarga] 31/3/2008 10:18

didn't think we'd sink so low....