Man.Assd.Csh Share Discussion Threads

[encarter] 30/5/2008 07:36

Shouldn't it be Quiet flows DON?

[shavian] 30/5/2008 07:15

Hey, they are all at it! Follow the link to today's Wall St Journal (sad old git that I am) to see that Arcelor Mittal is also buying big into Liberian iron ore deposits:



Sorry to be a pedant, Hector, but was it not "Quiet flows the Don"?

[hectorp] 28/5/2008 23:17

Quietly flows the Don.

[encarter] 28/5/2008 08:19

Price up, maybe another 1m+ buy in the pipeline.

[rapier686] 27/5/2008 19:03

I see the trans atlantic arbitrage has resolved itself :-(

Normal service resumed.

[hectorp] 27/5/2008 18:16

Agree chip SRB doing well there, MANA, and GFM, my goodness! Also my RUS and a couple more. MANA I just wonder if I should be making a more significant risk position.
I have an engineer coming to sort my connection tomorrow - I couldn't sleep worrying about it. Sad how these things can get to one. Well, me!

[chipperfrd] 27/5/2008 16:38

It's all right H, I appreciate that you are suffering with IT issues.

I was just referring to my attempt at a valuation over the weekend - I think you went straight to the most recent posts!

O/T
Nice run up on SRB since Friday :-)
Chip

[davethechef] 27/5/2008 16:36

A 1.25mill buy, announced late, from 8ish; looking encouraging. Although we're presently down in Canada.

[hectorp] 27/5/2008 16:12

Chip - sorry, I'm not with you. PS very hard to get online this week
H.

[jester jim] 27/5/2008 09:46

this news and the wider impact for Mano should lift us well clear of the spike and trough volatility we have seen for the last few years - I'd expect a good run to 15-20p; for a change helped by the Canadian market

[chipperfrd] 27/5/2008 09:21

H,
So you didn't like my numbers then ;-((
Chip

[encarter] 27/5/2008 09:21

I expect more buying from across the pond once they wake up.

[hectorp] 27/5/2008 09:10

Metalera's post above (figures) very important, the share is seriously underpinned and should trade higher and stay higher, than last year.

[wassapper] 27/5/2008 08:47

Closed in Canada at 31 cents = c15p. There is a differential but Canada may fall later?

[davethechef] 27/5/2008 08:12

Some interesting news reports and posts, thanks guys; i've also bought in first thing today on the back of the Russian interest mainly. Atleast it appaers the Russian giant has stepped in before the Chinese once again have snapped up the last remaining big mineral resources.

[brownmruk] 27/5/2008 08:01

Seems a bit strange. Just as a matter of interest, where did you pick them up before the market opened?

[encarter] 27/5/2008 07:58

Yes you can still buy at 10.75 though, i just picked up another 10k as a test.

[bageo] 27/5/2008 07:50

that's about where it closed on the Venture last night so maybe London is catching up.

[unionhall] 27/5/2008 07:47

stunning..

[encarter] 27/5/2008 07:44

50k buy at 16.5p ?

[metalera] 26/5/2008 22:44

Looks like excellent value here, if we break down the sum of parts!

Iron Ore
80% is it of 39.5% post deal of Putu - deal values Putu at $61m = ($19m) = £10m

Diamonds
Stellar - we hold circa 63% of £30m valuation, based on financing in May = £19m

Gold
NLGM - 1.5Moz at $25/oz ($37.5m) = £19m (too conservative?)

Cash
For 61% of Putu from Seversal on concluding the deal ($37.5m) = £19m

Total assets = £67m

Shares on issue: 300m

Current value per share: £0.22

Current price: £0.11

Can see the value of all Mano's dvisions increasing significantly with drilling in 2008 & 2009, especially the balance of the Iron - who knows how big that project could get with Severstal at the helm?

[hero2] 26/5/2008 20:55

Definition of a metallurgist?;Someone who can look at a platinum blonde and tell at a glance if it's virgin metal or just common ore...