Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (3250)	7/24/1999 12:59:00 AM
From: Jeff Dickson	Respond to of 4504

>why aren't you concerned by the markets reaction to the news.< I've seen this reaction far too many times. Nobody knows what Manhattan will ultimately be worth, be it higher or lower, and a day of trading isn't going to figure it out. >I would rather that the news was not so great and the stock moved down, than to see it move down on good news< I'll take good news over bad news any day.

To: Little Joe who wrote (3250)	7/24/1999 8:20:00 AM
From: Bruce Robbins	Respond to of 4504

Little Joe: We are very early in the game of TG-3 with only 12 holes assayed. The next set of holes 13-22 are all centered on the SW mound. That should help clarify what is in the SW with 16 holes over that mound. The good news is that holes 13-22 have more sulfides to assay. I suppose that MAN put priority on the SW mound because there are higher copper intersections clustered in this part (1.41 to 2.42% in holes 1, 4, 5, 7, 9, 11 over an average of 10 meters). I anticipate that there will be another release of assays on holes 13-22, and more holes to come on TG-3 (3 drills turning). I expect the market reaction to get better with more releases. The resource at TG-3 is going to keep growing with more drilling at this stage. MAN will eventually post a resource for TG-3. If you liked MAN for TG-1 alone, you've got to like it more with TG-3- there is more copper, zinc, silver and gold being found each day.

To: Little Joe who wrote (3250)	7/24/1999 9:51:00 AM
From: KipferlMeister	Read Replies (2) \| Respond to 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.