Man.Assd.Csh Share Discussion Threads

[oils_well] 11/12/2008 00:40

On the face of it Hyper your purchase looks like a good punt

[hyper al] 10/12/2008 23:33

The fact that Severstal have gone ahead with their investment in Putu Range iron ore project is major for Mano, in fact this is probably the biggest event in the companies history. It makes sense that they may want the whole company at some point in the future.

Mano has some of the best licence blocks around and some excellent staff and a good working relationship with government departments.

I'm so happy I got in today!

[hyper al] 10/12/2008 23:22

Looks like 14p


From RNS on Fri Aug 29, 2008

Publication of Interim 2008 Accounts

"On May 23 2008, the Company announced it had signed certain agreements with Severstal's indirect, wholly owned Dutch subsidiary, Lybica Holding BV. Severstal is a leading Russian steel and natural resources company.
Terms of the agreement:
* Under a subscription agreement, an indirect, wholly owned subsidiary of Severstal will make an equity investment of approximately $4 million (U.S.) in Mano (at 10 pence per share) on May 29, 2008, with an option to make an additional equity investment in Mano (at 14 pence share) in due course. "


-------------------------------------------
General co. info from their website

Net Assets
US$45,501,911 as at 31 December 2007

Major Shareholders

JP Morgan Fleming 11.84%
HSBC Global Custody Nominee (UK) Limited 10.99%
Eastbound Resources Ltd. 9.56%
Lybica Holding BV 6.29%
CDS & CO 6.13%
Fidelity 5.82%

AIM shareholding not held in private hands
21.1%

Management Holding
1.34% (not including Eastbound Resources Ltd.)

[encarter] 10/12/2008 23:07

UP UP UP!
I'm sure the Russians want a bigger slice of Mano and are planning to take up the rest of the options within the next 12 month. The price is 14p a share if i recall. DYOR

[hectorp] 10/12/2008 16:50

Been out!
- yes that makes a lot of sense the deal will greatly assist MANA's cash situation and of course they will still have 31.5% of the iron ore mine but not the costs.
THey also received $12M cash so lets compare that with the market cap of around £8M !
BAsically at the current price the market had given up on MANA.
So, what will happen now?
H.

[hyper al] 10/12/2008 16:32

still all alone!

[hyper al] 10/12/2008 16:26

remember the big director purchases at the end of October.

Now what will they do with this cash, maybe they have seen some bargains in the current climate!

[hyper al] 10/12/2008 16:23

oh well I am all alone!

[hyper al] 10/12/2008 16:06

Hectorp

Have you seen todays Mano news?

[hyper al] 10/12/2008 16:03

The key asset in the Gold division is 100% owned New Liberty Gold project (NLGM) in Liberia where Mano has been drilling in order to expand the 2007 NI 43-101 estimated gold resource of 1.4 million contained ounces (13.533 million tonnes of measured and indicated resources grading 3.18 g/t gold). The most recent drill programme was completed in quarter two and in all 4,485 metres was drilled. The results received to date are highly encouraging and confirm that gold mineralisation continues at depth.

Well they now have money to expand and develop this high grade gold deposit.

[hyper al] 10/12/2008 15:59

I've been waiting for this!

[hyper al] 10/12/2008 15:53

I'm in, the market has not picked up on this yet!

[bsg] 10/12/2008 15:41

Why sell now ?

[arf dysg] 10/12/2008 14:55

Excellent news for MANA. This is such a good buy right now.

[rhiannon] 10/12/2008 10:59

Used it for a share buy back (g )

[jester jim] 10/12/2008 10:04

what's going on? Money now in?

[rhiannon] 10/12/2008 09:53

ON THE MOVE UP !

[encarter] 10/12/2008 07:59

Should be sometime today or tomorrow.
Fill ya boots time?

[arf dysg] 09/12/2008 16:53

It looks like 8 million shares went past today.

Completion of the Severstal deal is imminent!

[jester jim] 28/11/2008 16:40

some very solid buying today - looks like we're firmly back on track now that the money is due soon. Still very undervalued at 2.5p

[richgit] 28/11/2008 09:32

When is the time to buy property?

Yes-its now as the bargains for cash are all around,and those shrewdies
(the ones with the cash) know full well that property will be back to reasonable price levels in 4 years or so.A no brainer.


Gold will be going up in time,and any decent news regards our Gold Mine
can only now add a huge upside to Mana`s Mkt Cap,whilst the PUTU story can
only get better.

On a risk/reward ratio Mano is a no brainer,and lets not forget that just getting back to its levels prior to all the Market Capitulation makes it
a Multi-bagger,and then a further Multi-bagger.

[andy] 28/11/2008 08:51

This seems an upbeat view, MANA is featured at the bottom of the report;

[jester jim] 28/11/2008 08:21

trying to top up but the stocks seems pretty tight