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


To: Claude Cormier who wrote (3610)9/2/1999 5:41:00 PM
From: Mark Bartlett  Read Replies (1) | Respond to of 4504
 
Claude,

I hope they extend the drilling on the oxide gold cap soon, on TG1 - seems there is decent promise there and the more that is "easy picking", the better. A few good 100 meter O/C holes, 75+ meters deep, with 3-4 Gms/ton Au would look good about now - at 50 bucks anticipated cash cost - does not get much cheaper.

As far as the price goes - a lot of the spec money seems to have left - for now.

Best to you,

MB




To: Claude Cormier who wrote (3610)9/3/1999 4:22:00 AM
From: Jeff Dickson  Read Replies (2) | Respond to of 4504
 
>> I am also surprised by the current weakness, especially now that all analysts are saying that MAN has a NAV in excess of $6.50 and that the oxidized gold cap on TG-1 alone is worth $4.00 a share. <<

CC,

An institutional blackout can mean only one thing...

... infusion (of cash).

At least, that's my read on the market's activity, and I will be surprised if a financing is not being put together. Haven't heard anything to that effect, but I've been away, and I'm only going by the trading.

-jeff