Man.Assd.Csh Share Discussion Threads

[rapier686] 23/5/2008 20:35

Paying they are - but that's half a million shares gone through at those prices. Non trivial volume - rather more than London usually trades and 20% of our volume today.

Or to put it another way - if 500k actually traded at 35odd cents, there must surely be another million or so who twig it's dual listed and they stand a good chance of buying sub 25c on AIM tommorrow. And put their orders in to do precisely that.

Actually it's almost tempting to short the Canuck stock and then figure out how to cover with my AIM listed stuff.

[chipperfrd] 23/5/2008 18:16

They are paying quite a bit for the lack of liquidity - currently 17p eq!!

[dutch alert] 23/5/2008 18:03

Looks very good in Canada +126%

[unionhall] 23/5/2008 16:37

Market Regulation Services - Trade Resumption - Mano River Res Inc. - MNO
5/23/2008 11:25:39 AM - Canada NewsWire

VANCOUVER, May 23, 2008 (Canada NewsWire via COMTEX News Network) --
Trading resumes in:

Issuer Name: Mano River Res Inc.

TSX-V Ticker Symbol: MNO

Resumption Time: 12:00 EDT

SOURCE: Market Regulation Services Inc.

SOURCE: Market Regulation Services - Halts/Resumptions

Market Regulation Services Inc., [phone]

Copyright (C) 2008 CNW Group. All rights reserved.

[unionhall] 23/5/2008 16:34

Has resumed again.....

(It's like a suspension..)

[hero2] 23/5/2008 16:22

what does a trading halt mean?

[unionhall] 23/5/2008 16:14

bageo...

correct on all counts...

[dutch alert] 23/5/2008 16:13

On Yahoo they noticed there is a tradinghalt for MNO.V

[bageo] 23/5/2008 16:10

not sure how much cash Mano has now but I can't add it up to £22m

US$4m in Mano (at 10p per share)
US$12.5 million for sale of stake in AIOG
so £8-9m plus existing cash

plus potential $5.5m from warrants in Mano (within 18mths)

The remaining investment from Severstal will stay within AIOG to fund the work.

Significant cash boost for Mano - will they maintain a larger stake in Stellar at the flotation or put it all into gold? Looking far better either way.

[jester jim] 23/5/2008 12:03

great news
the share price reflects the iron only before it ha even been drilled without the stellar and gold assets. With a £22m cash pile it is all change, big strategic options now open - expect a re-rating

[richgit] 23/5/2008 09:41

They did say the potential for the Iron Ore would dwarf my Gold Mine.

Now I look forward to my Gold and Mana becoming another Multi Bagger in a couple of years.

[sidneyslacker] 23/5/2008 09:16

I guess they looked at my idea to transport the ore in trouser turn ups and just didn't get it. I had got as far as employing the currenty resting members of Dexy's Midnight Runners as a transport crew, I will have to lay them off, compounding the UKs deteriorating unemployment situation

Still in the end their Plan B looks like it might have been the marginally better call.

[hectorp] 23/5/2008 09:14

U,
My take on the iron ore deposit shared by a few last year is that it was somewhat stranded, teritorially, but that if resources could be brought to play it would be a very productive resource to mine.
Today's buy-in or farm out reduces the stranded aspect of the play as the buyer-in has very ample resources, and of course there is very strong Iron ore demand . The cost of a long road to the coast would have been a tough one for Mana but that issue is no longer their concern.

[unionhall] 23/5/2008 09:08

encarter - think you got your currencies mixed up in post 3570..

Stake in AIOG now worth £12m

Cash from AIOG 20% sale £5m

Cash from Mano shares placement £2m

Stake in Stellar (last placing price) £19m

Total £38m

Market Cap @10p £31.8m

Liberty Gold Mine prospect Free Icing on the cake..........

[hectorp] 23/5/2008 08:27

- agree
-cash injection worth equivalent of 8p per share to MANA
- pressure of developing the iron ore resources or fund raising removed from back of our company while MANA retain a generous 30+ percent of it
- Mana at once has ample cash to advance on other fronts or look at other assets
My view is that Mana will undergo a re-rating and in the short term should reach 15-16p levels.

[unionhall] 23/5/2008 08:26

Delighted to see serious movement for the future here.

Petra pushing the diamonds at Kono,
Severstal the Iron at Putu and
Mano the gold at KGL.


Looks like a winning combination. (plus all the other bits on the side).....

[encarter] 23/5/2008 08:04

Yep it looks like we're sorted now. Doulbe your money no problem imho.

[encarter] 23/5/2008 07:56

£19m for 61%, that values MANAs stake at about £24m plus £20m for the diamond plus the gold.

[encarter] 23/5/2008 07:23

I guess this mornings news answers my question.

[encarter] 22/5/2008 08:25

Yes i have a couple of times with no reply.

[stevie blunder] 22/5/2008 08:22

The Finals stated that:



The Company acquired one Mineral Exploration Agreement ('MEA') licence on May
18, 2005, which is valid for five years and covers 425 square kilometers
centered over the Putu iron ore prospect in eastern Liberia.


Obviously a mismatch, maybe you should drop them an e-mail?

[encarter] 21/5/2008 22:44

Edit. This is taken from MANA website.

"The Putu Range Project is held under a three year exclusive Mineral Exploration Agreement (MEA) licence for iron ore granted on May 18th, 2005, "

Did it run out last week?

[unionhall] 18/5/2008 22:31

hero2 - We are due Kono Diamond valuation and decision to go to full production.

Also due the results of the liberty mine deep drilling which finished some time ago and will define the increased gold resource and hence the new increased mine plant and feasibility.

The Production equipment for Bouro is due to leave South Africa this month.