Man.Assd.Csh Share Discussion Threads

[topinfo] 21/9/2009 10:52

Newsseller. No I am still in, what do you want blood??.,.In a down mkt this is up 11.25%, 5 years savings in a bank that.!!!!

[newswseller] 21/9/2009 10:51

looks like im talking to myself then. Looks to be a no brainer when the two companies merge and then the 8 for 1 share consolidation.

[newswseller] 21/9/2009 08:35

has TOPINFO already sold out? lol

[newswseller] 21/9/2009 08:21

looking very strong now.

[hyper al] 21/9/2009 08:05

Well we are heading north.

Did we get in the press over the weekend?

[hyper al] 21/9/2009 07:50

Lets see what happens.

[topinfo] 18/9/2009 18:47

I can see this in double figures by 8.30 am Monday morning as Mms scramble for stock. The RNS took them by surprise as alot of traders had already packed up for the day when this came out. Excellent news indeed.!!!!

[hyper al] 18/9/2009 16:58

richgit

It is crazy, but quite nice, as we can keep buying the stock on the cheap. At some point that will change, maybe when gold rokets and investors take a closer look.

[richgit] 18/9/2009 16:55

As I said on 12th September-I cannot believe the apathy towards this stock.

It really wouldnt be totally unreasonable to value the Gold at New Liberty Gold Project [(NI 43-101 compliant measured and indicated resource of 1.4 million ounces) at $50Million+ in the ground !!and thats just NL.

of course when the time comes that the Market starts to believe that NL will
be producing,we wont ever look back.

As Mana is about a lot more than just NL,and the fact that so little is valued,
it just continues as a no brainer-and one that has cash in the Bank.

[hyper al] 18/9/2009 16:52

It's not just gold, we gain some big iron deposits from African Aura

[hyper al] 18/9/2009 16:48

Benefits of merger

Strategic Rationale for the Combination:

Strong operational synergies with prospective iron ore and gold assets in west Africa which will enhance Mano's presence in the region with the addition of the following projects whollyowned by African Aura:
o 12km long Nkout iron deposit in southern Cameroon.
o Batouri gold project in western Cameroon.

Strengthens Mano's financial position with the addition of Cdn.$5.9M in cash held by African Aura (as at 30 March 2009).

Geographic diversification and risk reduction by stepping out of Mano's traditional operating countries.

The proposed Board of Directors of the combined company will be strengthened by drawing on the skills and expertise of key members of the African Aura management team.

[hectorp] 18/9/2009 16:47

Just spotted the news, will be useful on Monday, delighted for the company too.
I agree with above , this should now be considered a safe hold to return considerable annual upside.
H.

[hyper al] 18/9/2009 16:27

4 mins to go.

[hyper al] 18/9/2009 16:25

and next week it will be worth double.

[hyper al] 18/9/2009 16:24

Should get some media coverage over weekend

MANA have lots of cash as well

[leapinn] 18/9/2009 16:23

And in five year's time it will be worth five times as much as now.....

[leapinn] 18/9/2009 16:23

It means the company is reaching significant size which will help it exploit the significant Gold and Iron deposits in the portfolio.

[hyper al] 18/9/2009 16:22

hero2

hope you are correct.

[hyper al] 18/9/2009 16:18

MM's must have been getting stock together

[hero2] 18/9/2009 16:18

CAN I HAVE A VERY SIMPLE EXPLANATION OF WHAT THIS MEANS?SHALL I GO OUT AND ORDER THE BENTLEY?

[hyper al] 18/9/2009 16:17

late breaking news

just got more!

[topinfo] 18/9/2009 16:15

Excellent News.

African Aura Resources Ltd Update (Mano River Resources)



TIDMMANA

RNS Number : 3348Z
Mano River Resources Inc
18 September 2009

?
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE
SERVICES.




African Aura Receives Shareholder Approval of
Merger with Mano River


Toronto, 18 September, 2009 - Mano River Resources Inc. ("Mano River" -
TSX-V:MNO & AIM:MANA) and African Aura Resources Ltd. ("African Aura" -
TSX-V:AAZ) are pleased to announce that African Aura shareholders approved the
previously-announced merger transaction (the "Transaction") with Mano River at
its special meeting of shareholders held today. 100% of the votes cast at the
meeting were voted in favour of the Transaction.


The Transaction is structured as a merger under the corporate laws of the
British Virgin Islands ("BVI"). In accordance with the combination agreement
dated 30 June 2009 between African Aura and Mano River, African Aura will,
subject to regulatory approval, merge with MANAAR Limited, a wholly-owned BVI
subsidiary of Mano River.Mano River will thereby acquire all of the issued and
outstanding common shares of African Aura. Closing of the Transaction is
scheduled to occur on or about 2 October, 2009, subject to the completion of
certain corporate steps and the receipt of certain regulatory approvals.


As previously announced, upon closing of the Transaction African Aura
shareholders will be entitled to receive 1.57 shares of Mano River for each
common share they hold in African Aura, provided that no fractional shares of
Mano River will be issued. As soon as practicable after the closing of the
Transaction and subject to receipt of appropriate regulatory approvals, Mano
River will undertake a 1 for 8 share consolidation (one new post-consolidation
share for every 8 pre-consolidation shares) and change its corporate name to
"African Aura Mining Inc.".


David Netherway, Non-executive Chairman of African Aura and proposed
Non-executive Chairman of the merged company:


"The boards of African Aura and Mano River are exceptionally pleased by the
overwhelming support from African Aura's shareholders in approving this
transformational merger of our respective companies. For African Aura, the
Transaction will transform the company from being an early stage explorer to
being a project developer with advanced stage assets in Liberia, including the
New Liberty Gold Project [(NI 43-101 compliant measured and indicated resource
of 1.4 million ounces from 13.533 million tonnes grading 3.18 g/t)] and the Putu
Project [(NI 43-101 compliant inferred mineral resource of 1.08 billion tonnes
at 37.6% Fe, from a 2.6km section of the 12km long Putu ridge)]. The Putu
Project is subject to a joint venture with Severstal [ZAO Severstal Resource
("Severstal")], which is investing US$30M towards a feasibility study to earn a
61.5% interest in the project. Severstal is also a 6.29% shareholder in
Mano River.


For Mano River, the Transaction serves as a first step in its strategy to
identify and consolidate what it deems to be the highest potential opportunities
in west and central Africa. The merger brings a significant pipeline of
complementary earlier stage and highly prospective iron and gold projects to
Mano River's portfolio, notably the Batouri gold and the Nkout iron projects in
Cameroon. Mano River will also benefit from the appointment of experienced
individuals to the board and management team and a cash infusion that will be
applied to accelerating the development of the merged company's most advanced
projects. Mano River will also acquire African Aura's portfolio of gold
prospects in Liberia, including Fula Camp, where positive drilling results have
been announced and which is located approximately 45 km north east of the New
Liberty Gold Project."


Post Merger Strategy
On completion of the Transaction, the initial focus of the englarged group will
be on creating value by advancing the New Liberty Gold Project towards
production and the completion of a 27,000m resource drilling programme on the
Putu Project. In parallel, the merged company will continue the cost effective
exploration of its portfolio of gold and iron projects in Cameroon. Where
appropriate, cost and risk sharing joint ventures will be undertaken on projects
which require either significant capital or in which the board of the merged
company is unwilling to invest additional funds or human resources. Further
merger and acquisition opportunities in sub- Saharan Africa will continue to be
assessed as part of the merged company's broader long term strategy to become a
leading diversified resource company in Africa with robust gold and iron
divisions.


About Mano River
Mano River is an established West African exploration and development company
with a primary listing on the TSX-V (MNO) and a secondary listing on London's
AIM (MANA). Mano River is focused on the discovery of world-class iron and gold
deposits in the highly prospective, under explored, West African Mano River
Union countries of Liberia, Sierra Leone and Guinea. Mano River has a highly
motivated and experienced team with a record of discovering mines and taking
projects towards development and production.


Mano River's major assets are the gold deposit at New Liberty and the Putu iron
ore project, both in Liberia and a 59% interest in Stellar Diamonds Ltd. A
pioneer company in West Africa, Mano River has attracted some excellent
strategic partners, particularly in iron ore and on its diamond properties,
always with the objective of preserving or enhancing shareholder value. More
information can be found on line at www.manoriver.com and on SEDAR's website:
www.sedar.com.www.sedar.com


About African Aura
African Aura has a 'first-mover' exploration strategy, focused on the discovery
of economic iron, gold, and uranium deposits in sub-Saharan Africa. African Aura
has established a portfolio of exploration licences totalling approximately
9,880km2, targeting Archaean greenstone and Proterozoic volcano-sedimentary
belts. The portfolio includes the 12km long Nkout iron project in southern
Cameroon, the Batouri gold project in eastern Cameroon, the Fula Camp gold
project in western Liberia, and a pipeline of significant prospects for drill
testing, as well as numerous other gold, uranium and iron ore targets that
require follow-up exploration. African Aura trades on the TSX Venture Exchange
(AAZ). More information can be found on line at www.african-aura.com and on
SEDAR's website: www.sedar.com.


Oversight
The gold mineral resource estimate included in this press release was previously
disclosed in the technical report entitled "Form 43-101F Technical Report on the
New Liberty Gold Project, Liberia" dated October 24, 2006 (the "New Liberty
Technical Report") prepared by Dexter Ferreira and Pierre Fourie of Lower
Quartile Solutions (Pty) Ltd who are each a "Qualified Person" as such term is
defined in National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101"). The New Liberty Technical Report was filed on
Mano River's SEDAR profile on January 31, 2007 and is available at
www.sedar.com.


The iron mineral resource estimate included in this press release was previously
disclosed in the technical report entitled "Mineral Resource Estimate for the
Putu Iron Ore Project" dated August 2009 (the "Putu Technical Report") prepared
by Howard Baker of SRK Consulting (UK) Ltd who is a "Qualified Person" as such
term is defined in NI 43-101. The Putu Technical Report was filed on Mano
River's SEDAR profile on August 10, 2009 and is available at www.sedar.com.


Forward-looking Statements
This press release includes certain forward-looking statements. All statements,
other than statements of historical fact, included herein, including without
limitation, statements regarding the proposed Transaction and future plans and
objectives of African Aura and/or Mano River, are forward-looking statements
that involve various known and unknown risks and uncertainties as well as other
factors. Such forward-looking statements are subject to a number of risks and
uncertainties that may cause actual results or events to differ materially from
current expectations, including delays in obtaining or failure to obtain
required regulatory approvals. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Any forward-looking
statements speak only as of the date hereof and, except as may be required by
applicable law, African Aura and Mano River disclaim any obligation to update or
modify such forward-looking statements, either as a result of new information,
future events or for any other reason.


Contacts:

[biggerthus] 18/9/2009 15:55

Certainly is:

African Aura Receives Shareholder Approval of Merger with Mano River

www.investegate.co.uk/article.aspx?id=200909181545003348Z&fe=1

[sean cadman] 18/9/2009 13:19

100% sells and the price moves up is something brewing?

[buy gold sell dollar] 17/9/2009 12:47

Over the border in Sierra Leone from Mano's Putu project

UPDATE: African Minerals In M&A Talks With ENRC, Others

(Adds details.)

LONDON -(Dow Jones)- African Minerals Ltd. (AMI.LN) shares rose as much as 10.8% Thursday morning after it said it was in advanced talks with Eurasian Natural Resources Corp. PLC (ENRC.LN) and several Asian corporations on a potential takeover or funding for its flagship project.

"African Minerals ... confirms that it is in advanced discussions with Eurasian Natural Resources Corporation (ENRC) and several large industrial corporations in Asia, which could involve an offer for the company or the funding of the development of its world-class iron ore asset at Tonkolili," the AIM-listed miner, which develops iron ore projects in Sierra Leone, said in a statement.

At 1059 GMT, African Minerals shares were up 29 pence, or 8.3%, at 371 pence.

ENRC declined to comment on the African Minerals' statement.

It is the second time this week that the Kazakhstan-focused miner has been linked to a possible takeover bid. On Wednesday, ENRC said it was in advanced talks to buy Central African Mining and Exploration Corp. PLC (CFM.LN) in a deal that would value the AIM-listed copper and cobalt miner at about GBP563.18 million ($929.38 million).

African Minerals said there is no certainty a deal will be concluded. The company couldn't immediately be reached for further comment.

African Minerals' market capitalization is about GBP790.5 million. The company's share price has rocketed from 22 pence at the start of the year.

Timis Diamond Corp. Ltd., controlled by African Minerals Chairman Frank Timis, holds a 19% stake in the company.

Company Web site:

-By Jeffrey Sparshott, Dow Jones Newswires; [phone]; [e-mail]