Manhattan Minerals (MAN.T) Message Board

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

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To: Little Joe who wrote (3250)	7/24/1999 9:51:00 AM
From: KipferlMeister	Read Replies (2) of 4504

<<why aren't you concerned by the markets reaction to the news.>> With the exception of the initial oxide cap assays which were unexpectedly good, every recent release of MAN has resulted in a sell-off, including the announcement of the long-awaited supreme decree. The fact these latest results failed to break the pattern is no cause for sudden concern, IMO. My biggest problem with MAN (and maybe the market's as well) is that there are uncertainties clouding both TG1 and TG3. The town sitting half atop of TG1 is an issue, and right now, we don't know how it will be resolved. As for TG3, the initial results failed to deliver grades that are slam dunk economic - at least not to my eye. So while I wish we had a $10 stock price, given these uncertainties, I can't argue with the market's valuation.

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