Man.Assd.Csh Share Discussion Threads

[encarter] 17/7/2009 08:29

Tipped in IC so we should see some action over the next few days. Anyone subscribe?

[encarter] 07/7/2009 12:21

Here you go.

[encarter] 06/7/2009 22:42

Quiet init, still good news around the corner.

[unionhall] 12/6/2009 13:13

Thanks - looks like Mano will end up as a joint holder of two major Iron interests and a nice gold mine to boot.
With diamond prices coming off the floor for stellar the next 3 to 5 years look like they will be very profitable for shareholders.

[yumyum] 12/6/2009 12:07

June 10th, 2009
TSX-V: AAZ

FURTHER ENCOURAGING RESULTS FROM NKOUT IRON PROJECT

Toronto, (June 10th, 2009) - African Aura Resources Ltd. ("African Aura" or the "Company", TSX-V: AAZ), an exploration company with iron, gold and uranium exploration activities in Cameroon and Liberia, announces that it has received initial results from further reconnaissance at the Nkout iron project on the 1,000km2 Djoum licence in southern Cameroon.

• Strike of iron mineralisation extended to 8km at Nkout
• Reconnaissance samples return assays up to 68% Fe averaging 55% Fe
• Further prospects on contiguous Akonolinga and Essong licences
• Project strategically well located 150km northwest of 2.4 Bt Mbalam deposit
• Merger with Mano River Resources Inc update
Nkout iron project reconnaissance results
In April 2009, the Company retained GT Exploration Services of South Africa to undertake a reconnaissance sampling and mapping programme at the Nkout project in order to define areas for initial drill testing along Nkout ridge which is co-incident with an intense, 12km long aeromagnetic dipole. Reconnaissance exploration was also completed across iron targets highlighted by geophysical data on the contiguous Akonolinga and Essong licences.
Mapping has shown that the Nkout iron project comprises several hills which form a 12km, east-west striking discontinuous ridge. A total of 191 samples were taken, the first two batches of which returned a maximum grade of 68% iron and an average grade of 55% iron, excluding five samples of granite-gneiss country rock as detailed in Table 1. These assay results extend the strike of the iron rich section of Nkout to more than 8km as well as confirming the results obtained from an initial survey announced by the Company in January 2009. Detailed X-ray diffraction and optical microscopy on these previous samples showed that they comprise mainly high grade haematite and magnetite.
Table 1. Assay results from reconnaissance samples at Nkout
No of Samples % Fe Main Component Rock type
39 54-68 Fe2O3 Haematite/ magnetite
11 37-43 Si02 BIF
5

[nathand] 11/6/2009 08:20

Just nicked this snippet from the FDI thread (from a Broker note) regarding diamond prices:

Floor in diamond prices . Rough diamond prices appear to have found the floor. After a torrid period of price depreciation, rough diamond prices finally increased 15-20% from the March/April 2009 low, offering tangible signs that rough diamond prices are finding their floor.

[shavian] 23/5/2009 06:58

UH - Does a duck swim? As this is your own thread it take it that your question was rhetorical - just look at the header!

To remind myself of the iron ore project I checked out the company website

[unionhall] 22/5/2009 12:58

Do Mana have any interest in Iron ?



Miners advance after broker upgrades

By Nicholas Paler | 08:56:42 | 22 May 2009

Miners were seen topping the FTSE 100 this morning after brokers including Goldman Sachs become more positive on the sector amid looming shortfalls of key commodities.

In a metals and mining strategy update, Goldman Sachs announced it was upgrading a number of stocks, as well as lifting target prices on some groups, amid higher expectations for Chinese economic growth in 2009 and 2010 which could lead to bottlenecks in supply by 2011.

In something of a step change, the group said it was changing its stance to favour companies with significant exposure to commodities with upcoming supply constraints, replacing its previous view where it aimed to avoid companies with balance sheet risks.

The main commodities it expected to suffer supply constraints as early as 2011 were copper and iron ore, as opposed to nickel and aluminium which it said would not have capacity issues until 2017, and as such it has revised its views on mining companies with high exposure to the two metals.

[arf dysg] 21/5/2009 16:37

Why does it do that on a consolidation? Do MMs feel like messing around or do Homer-Simpson type investors see the price per share going up and sell, thinking they've made a vast profit, forgetting that they now have fewer shares?

It's already a buying opportunity; if the market cap goes down more it'll be even more of a buying opportunity.

[bsg] 21/5/2009 12:35

Preparing nicely for the 6:1 consolidation, where it can plummet another 50% ! as usually happens on a consolidation.

[nathand] 21/5/2009 12:11

... no major shift on the share price give or take 15% that is.

[nathand] 21/5/2009 10:49

It seems that Mandala and Kono have basically cancelled each other out today and hence no major shift on the share price.

Not that I expect the market as a whole to agree but the very fact that we can afford to put Kono on care and maintenance is good news compared to other companies who are forced to take their yield to auction at today's depressed prices.

Good luck to all.

[arf dysg] 21/5/2009 10:19

But Mandala alluvial project making great progress.

[hyper al] 21/5/2009 07:56

Hectorp

Yep, a shame.

Gold heading North makes up for it.

[hectorp] 21/5/2009 07:54

Kono diamond project mine placed on care and maintenance :-(

[unionhall] 11/5/2009 08:50

Great news I think but not a great translation......

11.05.2009
Is completed the program of boring on the iron-ore project Of [putu]-[Reyndzh]
Is completed the program of boring on the iron-ore project Of [putu]-[Reyndzh] (Putu Of range) in Liberia. On this reported the Canadian company Of mano Of river Of resources Of inc., that is specialized in reconnaissance and output of iron, gold and diamond ores in West Africa. The results of boring the high potential of layer. In all now are drilled 11 bore holes. The best intersection in the zone of hematitic mineralization was registered in the interval of 63 m with the average the content Fe 63,5% (in the bore hole PDD002), in the zone of magnetite mineralization - in the interval of 367 m with the average content Fe 39%. The service lives of iron ore at [Putu] layer are evaluated as exceeding of 1 billion tons, they can for 40 years ensure the work of enterprise, which lets out yearly 20 mln. T. of iron-ore concentrate with the content Fe 65%. Works on the layer conducts the company Of severstal Of liberia Of iron Of ore, which is the joint venture between Severstal Of resources (61,5%) and Mano Of river Of resources (38,5%).

[nathand] 05/5/2009 07:57

CA$1.84M earnings. I also note that a higher adjustment for the interest in Stellar was included in the figures which bodes well for the continued valuation growth.

[gsoh] 01/5/2009 10:19

Nice show of apathy towards yesterdays results, both here and in the market. Very Mano! I note one piece of good news: the Mandala alluvial diamond operation is up and running - when they said it would be.

[bsg] 27/4/2009 19:38

That 740k not going to do any harm either!