Man.Assd.Csh Share Discussion Threads

[hero2] 18/5/2008 12:16

Sorry to be dense,but what are you expecting? more news?,takeover?

[unionhall] 17/5/2008 15:56

encarter,

I've rung a couple of times but did not get call-back - unusual.

(Optimistic view - news coming and they don't want to talk)


If you want to post the question I'll try again next week.


(there was a lot of buying with no news about a month ago - perhaps people positioning themselves. Some more buying yesterday for no obvious reason)

[encarter] 16/5/2008 22:11

Anyone in contact with the company, i have a question? I've tried email but no reply.

[unionhall] 15/5/2008 15:04

Some snippets from the final accounts to fill the vacuum....


"With the gold price at its current levels gold assets such as NLGM are potentially very exciting.....resource/reserve delineation
diamond drilling was completed in March 2008 and we are currently awaiting the
results "



"the Company is currently targeting a resource of 900 million tonnes at its Putu Project.....initial results will be available towards the middle
of 2008"


"Macrodiamond grade forecasts by an independent diamond expert suggests grades of up to 500 carats per hundred tons for some of the kimberlites" Re Tonga


"A parcel of 581 carats has been shipped to South Africa and these are being cleaned, awaiting valuation." re Kono

[unionhall] 07/5/2008 08:43

Cheers encarter - Sonfon would be a real bonus as Golden Star were less than positive in recent announcements. If they are now saying things are good they really mean it.....

[encarter] 07/5/2008 08:12

Sonfon is looking good also. From Golden Star results out today.

"The exploration work on the Sonfon concession continued in the first quarter of 2008. Drill access to the southernmost high priority soil anomalies was completed in the quarter and initial Rotary Air Blast (RAB) drilling commenced. Positive RAB drilling results have been received to date and positive drill intersections from the new drilling are scheduled for further testing with a limited diamond drill program later this year."



Things are moving along but as usual with this kind of thing, a little slowly. I'm sure our patience will be rewarded.

[arf dysg] 06/5/2008 18:02

I like the highlights of Tongo operations: "Independent expert forecasts macro diamond grades of up to 500 cpht"

!!!!!

[unionhall] 06/5/2008 11:32

New Liberty Gold Mine - Drilling completed - awaiting results...

This programme which included 2,688m of resource/reserve delineation
diamond drilling was completed in March 2008 and we are currently awaiting the
results.



On February 20th 2008, regarding the Kono Joint Venture:

A parcel of 581 carats has been shipped to South Africa and these are being cleaned, awaiting valuation."


Surprised by this.....

In March 2008 BHP Billiton withdrew from the Sierra Leone joint venture leaving
Stellar with 100% control. BHP Billiton spent over $3.3M on exploration on this
JV but due to its nature and scale chose to exit.



And the fact that the Tongo production plant should be leaving South Africa this month isn't mentioned....

The Tongo project is Joint Venture between Mano's 68.5% owned subsidiary company, Stellar Diamonds Limited ("Stellar") and BHP Billiton.

[encarter] 06/5/2008 09:49

Things seem to be going ok.
--------------------------------------------------------------------------------
Exploration Projects - Current Developments GOLD

Although no drilling took place at NLGM during the quarter to December 2007
there was significant preparation work in the form of ascertaining the drill
programme, preparing the ground and drill pads as well as mobilising the new
drill rig onto site. All this to identify the targets for the drilling programme
which started in January 2008. A detailed description of the drilling programme
at NLGM is under subsequent events.

Exploration on the Mineral Development Agreement (MDA) licence area in Liberia
has in recent times been focused on the New Liberty project. During Q4 the
Company commissioned The Mineral Corporation consultancy of South Africa to
examine and provide opinions and targets on the overall license area; this work
will be available early in 2008. We are confident that other gold targets will
be identified given the amount of artisinal workings on the licence.

In Sierra Leone, Mano's gold programme is being undertaken by Golden Star
Resources ('GSR') of Canada as Operator, under a joint venture agreement.
Focusing currently on the Sonfon district at the northern end of the Sula
Mountains Archaean greenstone belt, GSR are currently engaged in drill testing a
number of high priority regional soil geochem gold anomalies, with results
expected to be announced in the coming months.

Mano's joint venture partner over the Missamana-Gueliban licences in eastern
Guinea, Navasota, decided to withdraw in the latter part of 2007. Navasota
reported encouraging results from the drilling they carried out under the joint
venture, including 1.73 g/t gold over 24m, 6.20 g/t gold over 8m, and 43.97 g/t
gold over 4m. Discussions are at an advanced stage with a potential partner to
take this forward.

IRON ORE

The Putu Iron Ore project is located in the centre of a 425km2 licence in Grand
Gedeh County of eastern Liberia, approximately 100km west from a potential
deep-water port of Greenville and 200km south east of the Mt. Nimba iron ore
deposit. The project consists of two prominent ridges that strike northeast
southwest, namely, Mt Jideh (with its extension Mt Montroh) and Mt Ghi.
Exploration to date has focussed on Mt Jideh, which comprises a potentially
high-grade outcropping magnetite/haematite mineralised zone that has undergone
various stages of weathering. Mt Jideh has a strike length of approximately 12km
based on mapping, surface sampling and airborne magnetic data. There are three
additional iron ore exploration targets at the Putu project that have yet to be
explored.

On October 3rd 2007, Mano, reported the positive conclusions of an independent
technical report on the Putu Range Iron Ore Project ("Putu") in eastern Liberia
in which Mano holds an 80% interest through its African Iron Ore Group ("AIOG")
subsidiary.

Mano's directors have completed a review of the recent SRK Consulting (UK) Ltd
("SRK") report, which was commissioned during the year. The Company is satisfied
with the exploration to date and will progress the project, focusing on the
following:

* AIOG is targeting a potential resource of 900Mt which SRK considers a
reasonable objective
* Initial drilling programme to commence
* 4,000m drilling programme planned
* Historic exploration adit now known to be 218m long being rehabilitated
* Trench, grab and adit samples to date have averaged in excess of 50%
iron
* Initial scoping study planned on shipments via local deep water port

For the 2008 Exploration Programme, Mano is planning a 4,000m resource and grade
delineation drilling programme, focussed on the eastern zone of Mt Jideh. In
addition, a series of widely spaced drill holes will be completed along the
strike of the Mt Jideh magnetic anomaly. The objective of the drilling programme
will be to prepare an initial resource estimate in accordance with NI 43-101. In
conjunction with the drilling programmes, bulk sampling and test work will be
undertaken in order to evaluate grades, recovery and ore characteristics.

Conclusions of Independent Technical Report

SRK reported that the Company's exploration results to date are in line with
available historic data which shows a surface weathered zone and transitional
ore overlying a Primary magnetite itabarite that contains zones of hematite
itabarite. SRK considered that there is a notable resource upside potential when
considering the extent of the magnetic anomaly over a 12km strike length. Mano
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 Mt Jideh is, however, in its
infancy and without the benefit of drilling (undertaken using modern techniques)
the true nature of the ore types and associated grades that are realistic, are
considered by SRK to be speculative at present.

Mano's target for the resource is in excess of an historic estimate of 455Mt @
45% iron (not in accordance with NI 43-101). It is notable that the historic
estimates also excluded the potential for significant tonnage from the higher
grade, lower cost and non-magnetic hematitic ore found at surface. SRK noted
that the historic estimates were not focussed on the entire 12km potential
strike length of Mt Jideh.

DIAMONDS

On December 1st 2007, Stellar Diamonds Limited ("Stellar") signed a memorandum
of understanding ("MoU") with BHP Billiton over exploration licences covering
10,852km2 in the north of the Democratic Republic of Congo ("DRC").

* MoU signed with BHP Billiton in the northern DRC, one of the least
explored cratons in Africa
* Licences cover 10,852km2, which Stellar believes is a prospective target
area
* Exploration to be co-funded after completion of a 500-tonne bulk sample
by Stellar
* Expected to commence Q2 2008
* Targeting kimberlites in areas of active artisanal diamond mining

The Licences are subject to an existing Option Agreement between BHP Billiton
and Socerdemi SPRL, a Congolese registered company which holds the Licences. The
MoU entitles Stellar to earn 50% of the BHP Billiton entitlement in the project.

Under the Option Agreement, BHP Billiton has the right to either enter into a JV
with Socerdemi and earn a 85% participating interest through funding exploration
to completion of a feasibility study, or elect to purchase from Socerdemi 100%
of the Licences at any time during the five year option period by paying to
Socerdemi US$100,000. Socerdemi would then retain a 2% net profits royalty in
any future diamond sales, which can equally be bought out by BHP Billiton for
US$500,000.

The Socerdemi licences are located in close proximity to other licences covering
1,308km2 over which Stellar recently secured a MoU with Remec SPRL. The
proximity of the two areas offers logistical benefits and synergies and helps to
secure Stellar's presence in the north of the DRC .

On October 10th 2007, Mano reported encouraging initial diamond recoveries from
the Tongo kimberlite project in eastern Sierra Leone. The Tongo project is a
Joint Venture between Mano's 68.5% owned subsidiary company, Stellar Diamonds
Limited ("Stellar") and BHP Billiton. BHP Billiton can earn up to a 51% interest
in the Tongo project under the current spending plan of $3.4million, with a
further option to earn up to 70%.

Highlights of the initial recoveries were:

* 1,894 diamonds, totalling 2.05 carats, recovered from six 200 kg (dry
weight) samples, including:
* 49 diamonds over 0.85mm recovered, totalling 1.43 carats
* 72 diamonds, totalling 2.85 carats, recovered from 23 surface grab
samples
* Macrodiamond grade forecasts by an independent diamond expert suggests
grades of up to 500 carats per hundred tons for some of the kimberlites

CORPORATE

On December 21 2007, it was reported that the following Director's would be
retiring as part of the Company's previously announced management restructuring:

P. Anthony Rhatigan - Vice-Chairman N. Karl Smithson - Director

Roderick ('Rod') C. McKeen - Director Steven J. Poulton - Independent Director

Commenting on the retiring Directors, David Evans, Chairman said: "We would like
to express our great appreciation for the valuable contributions made by our
retiring Directors and wish them all the best for their future endeavours."

On October 1st, 2007, it was reported that David Evans Chairman of the Company,
purchased 100,000 shares at 8.75 pence in the Company.

On October 18th, 2007, it was reported that David Evans, Chairman of the
Company, purchased 150,000 shares at 10.4 pence in the Company. His holding of
common shares in the Company then totalled 1,000,000 shares or approximately
0.34% of the Company's issued share capital.

Exploration Projects - Subsequent Events

Gold

On January 22 2008, the Company reported it was starting a new drilling
programme. This programme which included 2,688m of resource/reserve delineation
diamond drilling was completed in March 2008 and we are currently awaiting the
results. This programme included a number of deeper holes down to depths of
500-600 meters. The results of this programme will give a clear indication of
the continuity of the deposit at depth, and potentially change the project scope
to an underground mining operation with a resultant increase in the resource.

--------------------------------------------------------------------------------
DIAMONDS

On February 20th 2008, the Company reported that its joint venture partner Petra
issued its interim results and has made the following statement regarding the
Kono Joint Venture:

"Trial mining operations at the Kono project, a joint venture with Stellar
Diamonds, continue with highly encouraging results at the Pol K and Bardu test
shafts. A total of 8,640 diamonds (760 carats) have now been recovered at Kono
(bottom cut 1 mm). A parcel of 581 carats has been shipped to South Africa and
these are being cleaned, awaiting valuation."

In March 2008 BHP Billiton withdrew from the Sierra Leone joint venture leaving
Stellar with 100% control. BHP Billiton spent over $3.3M on exploration on this
JV but due to its nature and scale chose to exit. This means BHP Billiton
retains no equity or royalties in any of the projects and Stellar is at liberty
to continue and if it so wishes find a new JV partner.

Corporate - Subsequent Events

On March 31st 2008, the Company reported that its majority owned subsidiary
Stellar Diamonds Ltd had completed a pre-IPO placing of 2,375,000 new ordinary
shares of 1 pence each in Stellar at 100 pence per share, raising gross proceeds
of #2.375 million. In addition, it is announced that Guy Pas and Philippe Giaro
have resigned from the Board of Stellar and that Denis Alexandrov will be
appointed to the Stellar Board as non-executive director, effective as of 1st
April 2008.

On February 14th 2008, it was reported that Bevan Metcalf was appointed Chief
Financial Officer.

On January 29th 2008, the Company reported that, pursuant to its Stock Option
Plan and subject to regulatory approval, it has granted incentive stock options
to certain directors, employees and consultants of the Company. The stock
options were granted over a total of 9,045,000 common shares representing
approximately 3.04% of the issued share capital of the Company at an exercise
price of Cdn$0.20 per share, exercisable for a period of five years. The stock
options are exercisable immediately.

The allocation of stock options to directors was as follows: David Evans
2,000,000, Luis da Silva 600,000, Tom Elder 1,000,000, Guy Pas 750,000 and
Malcolm Burne 1,000,000.

On January 21st 2008, the Company reported the appointment of Lord Peter
Daresbury as Non-executive Chairman of its majority owned subsidiary Stellar
Diamonds Ltd in preparation for an IPO.

[pooky] 04/5/2008 23:21

Have been a long term frustrated holder in this company, and wonder about the ex bums and stiffs from highland gold moving in !

[gsoh] 03/5/2008 11:20

Results came out late last night. Voluminous as ever. Don't think they say anything unexpected.

[chipperfrd] 20/4/2008 10:12

Bit of a long shot - but you never know!



"Iron mine owners and operators around the world can expect a call from Saudi officials for a chat in the coming weeks. Saudi officials have not given any specifications on possible targeted regions; however, North African, Central Asian and even West African assets are could be considered and assessed inside Hadeed and Sabic offices"

[jester jim] 14/4/2008 13:26

had to get a few more, some nice buying recently including today and this without any news.

Looks good for another run at 12p+

[unionhall] 11/4/2008 12:50

Got 9p from TDW for a sale of 30k - just needed some readies.

Shows there is real demand I reckon.

[hectorp] 10/4/2008 22:21

Iron demand to be very strong over the coming year.. though I think we know this.

Off topic MOLY shares are relatively cheap compared with the Moly price.

[unionhall] 09/4/2008 16:05

Hopefully more like something in the ground.... Diamonds, gold or Iron....

[arf dysg] 09/4/2008 16:01

...and another late buy of 9.16. The price is up. I wonder if something is in the wind.

[hectorp] 09/4/2008 11:27

ist Buy of the day is in at 8.95.

[encarter] 08/4/2008 21:44

On the way back to 12p and beyond hopefully.

[hectorp] 08/4/2008 16:33

I've added 3 batches of shares today U. not the largest one however. Up over 10%, good work for one day
Perhaps its Kono then.. we shall see, the usual 'patience' rejoinder always needed here.
H.

[unionhall] 08/4/2008 16:29

Nope - very low volumes on TSX in the recent past.

Hopefully Kono Diamonds are sparkling....

[hectorp] 08/4/2008 16:28

I've been 'partly' responsible for this.
H.

[arf dysg] 08/4/2008 16:02

Ooooo! Looky looky looky!

What's up? Has the Toronto stock exchange woken up or something?