Man.Assd.Csh Share Discussion Threads

[fairdeal2008] 28/11/2008 08:12

Simple fact is everybody scared. The market is probably at rock bottom and fear is at the highest level ever. It is (probably) the best time to buy shares in the resources sector, but few do because of the fear.

And we have the issue of the mms screwing investors on the spread and volumes which means they are probably amongst the few making money in this market. We are trying to resolve this with the site below. Join the campaign if you want to see the rip off market addressed:

[hyper al] 28/11/2008 08:11

is this not a change in terms?

"However, on completion, US$8.3 million will now be released to Mano with the balance of US$4.2 million to be paid two years from the date of completion on the 10 December 2010."

[rhiannon] 28/11/2008 08:09

GREAT NEWS in these troubled times.wdik

[fairdeal2008] 28/11/2008 08:06

Market cap is £5.9mn and the deal confirmed today at current exchange rates pays $12.5mn or £8mn. Hasnt our market gone completely crackers....

[jester jim] 28/11/2008 07:57

great news - commitment is there on Putu, expect to see shares marked right back up now

[stevie blunder] 28/11/2008 07:53

Well, in a rational market this morning's announcement should provide a fillip to the share price, the only down side is a staging of the Severstal cash payment.

[rhiannon] 27/11/2008 15:08

ONLY few days to go! wdik

[rhiannon] 27/11/2008 14:49

IF the deal we all know about this Nov GOES AHEAD this will look VERY VERY CHEAP.WDIK

[pigaletto] 25/11/2008 15:05

Looks like someone can spot a bargain

[richgit] 25/11/2008 10:55

I guess Mana like so many others is suffering the final death throes of some
of the Funds,as urely all CFD holders & Spreadbetters have already been forced out.

I hear that the likes of City Index have pushed their Margins up to 90% for those still holding,quite a kick in the nuts for all Aim stocks.

No wonder that my Logic is that Aim stocks could outperform all others
next year,but then many will have to rise 300-500% just to get back to some
realistic valuations.


In better times I`d be piling in for such bargain.

[bsg] 25/11/2008 10:49

2.5M @ 0.5p that must sting !

[arf dysg] 23/11/2008 12:26

Did I see 2.8 million shares go by on Friday at a price of half a penny? Somebody must be hurting.

[arf dysg] 22/11/2008 10:05

Hyper Al,

I read the two articles from the links provided by Stevie Blunder. I don't see the direct connection with KDD. Whatever the rough diamond market is doing, KDD have just done a valuation and it looks pretty good.

[rhiannon] 20/11/2008 08:18

BLUE start. Director BUY my money on. Time will tell.wdik

[nathand] 20/11/2008 07:44

Delayed trade so impossible to tell at this stage. I believe that trades breaching 3% holding limit (above or below) or any by a Director/Stakeholder need to be declared via RNS within a set number of days so we shall see if anything crops up.

L2 opening looks weak as of now.

[encarter] 19/11/2008 22:49

Directors buy imho.

Hyper Al last set of gold grades didn't look right good to me and what happened to the MDA for the iron?????

[sean cadman] 19/11/2008 18:16

I disagree the 2,500,000 trade looks like a buy to me.

[nathand] 19/11/2008 17:40

Ouch! Looks like about 3.0M in sales today, easily eclipsing the recent Director's buys of 1.5M in total.

If the Severstal deal closes this month then at today's price that would see a $12.5M capital injection into an approximate $11.5M market capitalised company. I wouldn't like to speculate what the Market would make of that... or if the deal does not close as expected.

Good luck to all.

[hyper al] 19/11/2008 16:36

blimey this is getting hit a bit hard. Understand why concerning diamonds and iron, but I believe Mano still has a lot of gold.

[rhiannon] 19/11/2008 16:28

!!!!!!!!!!

[rhiannon] 19/11/2008 16:13

MONEY FOR NOTHING TIME? wdik

[hyper al] 18/11/2008 23:52

encarter

You could takeover all these resources for a 1p now and sell them for 20p in 5-10 years time

[encarter] 18/11/2008 23:37

Things are bad in general but MANA have extra problems. The last set of gold grades weren't too good, no chance of a listing for the diamonds and the license review is a problem and no MDA for the iron, DYOR. I won't be topping up above 1p.

[hyper al] 18/11/2008 17:52

Arf Dysg

Did you not read the info in the link supplied by Stevie Blunder?

[arf dysg] 18/11/2008 15:11

Take a look at KDD's recent upgrade of the resource in their kimberlite pipe, announced yesterday.

They have a higher grade than shown in the pre-feasibility study, a larger kimberlite than previously thought, and an increased price per carat. That price per carat was from an independent valuation, so KDD don't seem to have a problem with low diamond prices.

market capitalisation of company = 10 million dollars
value of diamonds = 2.5 billion dollars, i.e. 250 times the price of the whole company.

KDD have enough funding to complete their DFS and a large investor (HSBC) waiting to advise on raising money for the main capital expenditure. MANA isn't the only diamond explorer with a crazily low valuation.