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

To: Sailfish who wrote (3703)	9/13/1999 8:32:00 PM
From: Claude Cormier	Respond to of 4504

<<If the financing is indeed to cover feasibility costs then it would appear we are between a rock and a hard place insofar as timing goes...>> Well one of the problem for junior exploration companies in today's environment is to secure financing for exploration programs. Since the only way to make sure a company will create value for its shareholders is to explore, discover and expand resources, it must make sure that it will not run out of money. Oc course it is alway best to finance at the highest price possible therefore avoiding dilution. But keep in mind that from the financiers point of view, it is best to finance at the lowest price possible therefore allowing a decent return. MAN is wise in my opinion to go after the dollars now...even it is imply somewhat more shares on the market than if they would do it at $7 or $9. There is simply no guarantee that the money that is available now...will still be in 3 months... Who know how future exploration results will be. This is a very difficult market which does not forgive results that are less than spectacular. Future conditions for a favorable financing can deteriorate. Of course, they could also improve. I guess MAN, by its decision, is showing that they don't want to gamble. CC