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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: Snake who wrote (3201)7/20/1999 12:44:00 PM
From: Mark Bartlett   of 4504
 
Snake,

The last time I spoke to MAN, they said the first TG3 results would be out soon after the confirmatory TG1 results. So - that being the case, likely over the next few days would seem reasonable.

I agree with your broker - IMO the news is very good - I suspect the general market mood today may have something to do with the subdued market response. I also suspect the news is being reviewed very carefully by both large and small investors alike. This is likely delaying any further buying, until the implications of the news are digested.

As I said in my last post, the fact they are still drilling at TG3 and will be for the foreseeable future is very positive. These holes are worth a lot of money (125US/meter) and you can be bet that if TG3 was a bust, they would have likely moved on to other anomalies ..... just too expensive and hard to raise money in this environment to waste it on zip.

But until we see the numbers, we just will not know. Personally I am betting that they have something worthy at TG3 - but I could be wrong too.

MB
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