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

To: Sailfish who wrote (4105)	4/19/2000 11:18:00 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 4504

As you probably know, I've been knocking this thing since about 7 bucks. I also think the property has merit but the problem lies with the strategy of management and always has. I believe they are headed into an abyss and are probably trapped now as they do not have the resources to execute the path they are on. When is the resource "big" enough for MAN to develop? Why continually go from the known to the unknown when they don't have the money to take it all the way? Are they just betting that if they keep finding new reserves that a major will just stumble into the play and take them out? The insiders don't have a big stake in this company and they are spending like that. It's not their money and that's usually trouble. There's several problems with this deal that have to solved before a major will come, in my view. The deposit(s) is only one of them. There's a word for underwriters but we needn't get into that.