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


To: Albert V who wrote (3278)7/26/1999 6:39:00 PM
From: Jeff Dickson  Respond to of 4504
 
Albert,

We are getting close to where the analysts value TG1, so that should give us some support. Maybe there will be some news out tomorrow that will cause folks to start putting some value on TG3.

I didn't watch the trades today, but looking back it seems that the bid just kept getting chipped away. If they pull some good stuff out of TG7 then there will be folks who start looking at this as a camp rather than a deposit. With the tonnage potential at TG3 that might be soon.

-jeff



To: Albert V who wrote (3278)7/26/1999 7:32:00 PM
From: James N. Wilson  Read Replies (1) | Respond to of 4504
 
Albert - shares traded within a $5.60 - $5.70 range for most of the session. In the last 30 min of the session Canaccord and a few other houses sold about 6000 shares to see MAN end the day last at $5.45. At the close on the support side $5.05 - $5.35 orders for 11,700 ($0.30 spread) on the offer $5.45 - $5.70 ($0.35 spread) 16,900.

Any thoughts that I may have on a recovery would be speculative on my part. However, the volume today was relatively light with 138K trading hands. We have 3 drills turning, with one or two high grade hits most likely the picture would change quite fast.

good luck,

james