Man.Assd.Csh Share Discussion Threads

[encarter] 10/9/2008 23:07

Whoops! Stevie i think you're right. Good job it wasn't better news or i might have bought a load more.

[nathand] 10/9/2008 11:28

Bit harsh Git.

The last Director buy, on July 3rd, was 200K at 10.25p. How many current holders wish they were 'numbnut' enough to sell that day!?

[richgit] 10/9/2008 11:17

You have to laugh-

Director buys 500,000 and some numbnut sells.

It is like mugging the blind.

[unionhall] 10/9/2008 10:43

Director Confidence....




RNS Number : 1178D
Mano River Resources Inc
10 September 2008


10th September 2008

TSX-V: MNO
AIM: MANA

Mano River Resources Inc
("Mano" or the "Company")

Director Dealing

Mano, the TSX-V and AIM-listed exploration and development company focussed on West
Africa, announces that it was notified by Malcolm
Burne, a Non-Executive Director of the Company, that he purchased 500,000 common shares at
7.25 pence per share on 3 September 2008. His
holding of common shares in the Company has increased to 900,000 shares, representing
approximately 0.28% of the Company's issued shared
capital.

[stevie blunder] 10/9/2008 08:07

Sorry, I don't think that is OUR Stellar ;-)

[jester jim] 04/9/2008 08:25

first tick up for some time - we may just have seen the bottom

[jester jim] 03/9/2008 14:17

interesting..
million buy yesterday and 600,000 today - bit of stock being cleared up before the next leg up?

[unionhall] 03/9/2008 11:14

And another 500k this morning....

[aarkaay] 02/9/2008 21:48

I bought 25000 at 7.05 which are showing as sell... everywhere...

[hyper al] 02/9/2008 20:54

encarter

At this price, I would not be surprised.

[encarter] 02/9/2008 20:51

Someone bought a million, director maybe?

[arf dysg] 02/9/2008 13:28

I think Severstal translates as "Siberian Steel"

Vs and Bs often morph into each other, so "Sever" looks very much like "Sibir". Compare the Spanish language, where a V is pronounced the way English people pronounce B.

[encarter] 30/8/2008 18:46

Plenty of good news coming over the next couple of months to get the share price moving and imho Serverstal will take the stock at 14p within the next 18 months.

[arf dysg] 30/8/2008 14:05

I like this bit:
"By Q4 Stellar expects to have realised its first operating revenues"

That would be the first ever revenues received by MANA, and by that I mean a company in the MANA group.

That also indicates that the diamond grade and value are good enough to make a commercial mine. Excellent. We sort of knew that, but there's nothing like receiving revenue to give you a warm glow.

[encarter] 30/8/2008 08:10

Results as expected if not a little early. It's the iron where the real value lies imho and it looks like we do get 38.5%.

"Completion is conditional on, amongst other things, the approval of the TSX Venture Exchange,
the completion of satisfactory due diligence
by Severstal and Mano converting its exploration licence into an MDA.
The SPSA also envisages the provision of a loan facility, by the indirectly, wholly owned
Severstal subsidiary to AIOG, of up to $15
million to finance the Putu Range iron ore project through to bankable feasibility study. The
parties have undertaken to negotiate in good
faith and use reasonable endeavours to enter into such facility agreement.
The Company's holding in AIOG will be 38.5 per cent on completion of these transactions."

[unionhall] 29/8/2008 22:48

OUTLOOK

The proposed listing of Stellar at the end of Q2 2008 was postponed due to the continuing
downturn in the financial markets. The Company
is targeting Q4 2008 for an AIM listing subject to favourable market conditions. Stellar is
currently considering an interim private
placement, the results of which will be announced shortly. By Q4 Stellar expects to have
realised its first operating revenues, a
significant milestone for the Company.
In the gold division, the Company is reviewing its approach to NLGM following the recent
drill programme. When confirmed, the objectives
will be to upgrade the current 1.4M oz resource to Measured category and define a new
substantial resource in the Indicated category.
Following this, a new feasibility study will be prepared with the objective of taking NLGM to
a production decision. The Board now has the
skills to take projects like NLGM into production with a Chairman that has proven experience
in successfully bringing developments to
fruition and a mining engineer as CEO.
On the Putu iron ore project the Company applied for a 25 year MDA in May, 2008. This
process is on-going but in the mean time the
current drilling programme is continuing.
The Board is considering all options for taking the Company forward including Corporate
transactions. The recently announced deal with
Severstal a leading Russian steel and natural resources company gives Mano an excellent
partner to take the Putu project forward to
feasibility and ultimately production. The additional funds that will become available once
the conditions of the deal are met will give the
Company sufficient cash resources to implement its operational objectives at New Liberty.

[unionhall] 29/8/2008 22:47

Interim accounts out this afternoon.....

Some extracts...

The 49% owned Kono joint venture project with Petra Diamonds has moved into underground trial mining with good grades achieved to date.
Valuations on the stones from the first commercial tender should be announced shortly.

The 100% owned Mandala alluvial project has progressed and the DMS processing plant is in-transit to Guinea.



The key asset in the Gold division is New Liberty Gold project (NLGM) in Liberia where we
have been drilling in order to expand the 2007
NI 43-101 estimated gold resource of 1.4 million ounces (13.533 million tonnes of measured and
indicated resources grading 3.18 g/t gold).
The drill programme was completed in Q2 and in all 4,485 metres of drilling was completed. The
results received to date are highly
encouraging and confirm that gold mineralisation continues at depth. The Company has
contracted the services of AMC Consultants (UK) Ltd to
review the possible mining methods of the deposit and to establish the most appropriate future
drill programme.


The Company is targeting a resource of up to 900 million tonnes at its Putu Iron Ore
Project in southeastern Liberia. With increasing
demand for iron ore, driven primarily by the Asian market, the impact on prices has been
significant. In Q2 the Company signed certain
agreements on Putu Iron Ore with Severstal and applied to convert its exploration licence into
an MDA (Mineral Development Agreement) and is
still waiting for the outcome of this application. A drilling programme commenced in Q2 in
order to delineate the resource

[mikkydhu] 29/8/2008 22:37

Interim results were published at 18.40. I haven't had time to look at them yet.

[encarter] 29/8/2008 16:23

Edit.

Off topic i picked up a few PPS today at 6p. A bargain IMHO but DYOR over the weekend.

[stevie blunder] 29/8/2008 08:52

If I remember correctly, September should bring the conversion of the Iron Ore license by the Liberian Govt into a Mineral Development Agreement ("MDA").

That in turn triggers a cash payment from Severstal and the issue of shares in the Iron ore project to Severstal.

I think that would be a significant milestone, though delays can always happen.

WE are also awaiting a valuation of the diamond package, from Kono, which should trigger final go-ahead on full mine development, as Bageo says.

Also the alluvial mining equipt has been shipped for the Guinea project, so there should be some news there.

[bageo] 28/8/2008 19:49

perhaps on the Stellar Diamonds/Petra JV - decision to go ahead (not that they aren't mining anyway).

[hyper al] 28/8/2008 08:46

Gold creeping up.

Are we expecting any news from Mano?

[encarter] 21/8/2008 22:47

If yor're looking for a bargain miner do some researh into SHG.