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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Sailfish who wrote (3608)9/2/1999 9:23:00 AM
From: dennis ward  Read Replies (1) of 4504
 
I believe the story is that drill #4 broke down and it took some time to effect the necessary repairs. MAN then drilled a water well for the locals as some sort of good will gesture or other. The fourth drill is now working on TG-6 and hopefully doing well. I think the main problem is that there is always uncertainty and so for MAN has not pulled up any really exciting intervals...they're sort of getting what the market expects and this hasn't been enough to lure enough new buyers into the market. If TG-3 keeps expanding, that will be good but I think we also need some higher grades.
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