12 Feb 2014price query● Neutral
Company told ASX it knows of no unannounced information explaining a share price rise from 3.4c to 4.2c and higher volume. Nothing new disclosed.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2014quarterly activities report● Neutral
December 2013 quarter: cash about $5.6M after the rights issue. OVOS submission now expected in the March 2014 quarter, financing talks continue, exploration drilling planned from March, and the licence portfolio is under review for rationalisation. Mostly previously announced.
2 Jan 2014admin correction● Neutral
Compliance clarification that the May 2013 feasibility study was reported under the older JORC 2004 code, and its assumptions have not materially changed. No new results.
23 Dec 2013capital raising announcement▲ GoodMajor
Shortfall of 131.96M shares and options issued to Patersons and Halcyon clients, completing the just over $5.5M rights issue. Shares on issue rise to 413.3M, with 137.8M listed options.
17 Dec 2013investor presentation● Neutral
Notice of a webcast with the Managing Director on the parliamentary support announcement of 11 December. No new information.
11 Dec 2013capital raising announcement● Neutral
Company issues the 5.81M shares and matching options taken up by shareholders in the rights issue. Shortfall securities are due on 16 December. Administrative confirmation.
11 Dec 2013regulatory community update▲ GoodMajor
Kyrgyz parliamentary committee recommended immediate development of Shambesai and ordered authorities, by decree, to let work proceed. This follows the 18 October site disruption. OVOS submission is expected shortly; financing talks continue; BFS schedule still being updated.
9 Dec 2013capital raising announcement● NeutralMajor
Rights issue closed with shareholders taking up only 5.81M of about 137.8M new shares. The remaining 131.96M shortfall shares fall to Patersons and Halcyon. Directors and Lion are taking more shares through underwriting. Funds target Shambesai permitting and development.
20 Nov 2013capital raising announcement● Neutral
Company confirms the rights issue prospectus has been sent to eligible shareholders. Administrative notice only.
7 Nov 2013capital raising announcement● Neutral
Cover letter to shareholders on the rights issue: 4c per share, about $5.51M, of which about $430,651 goes on offer costs. Patersons underwrites up to $2.5M; Halcyon to place up to about $3M of any shortfall. No new substance.
7 Nov 2013capital raising announcement● Neutral
Prospectus lodged for the one-for-two rights issue at 4c, raising up to about $5.51M, with a free 8c option (expiring 31 March 2015) per new share. Patersons partially underwrites; closes 4 December 2013. Formalises the 31 October proposal.
31 Oct 2013quarterly activities report● Neutral
September 2013 quarter reports the Land Permit, early road works and Ulugtau trench results. Drilling began at Obdilla. Project financing is now expected alongside remaining permits in the first half of 2014, and the $5.5M rights issue was announced.
31 Oct 2013capital raising announcement● NeutralMajor
Manas proposes a partially underwritten one-for-two rights issue at 4c to raise about $5.5M, with a free 8c option per share expiring March 2015. The issue price is well below the 8c share price in May. Funds go to Shambesai development.
31 Oct 2013listing compliance notice● Neutral
ASX lifts the trading suspension in Manas shares immediately after the capital raising announcement. Procedural notice.
28 Oct 2013investor presentation● Neutral
October 2013 investor presentation with disclaimers, including risks specific to operating in the Kyrgyz Republic. Presumably supports the rights issue; the visible text carries no new figures.
21 Oct 2013regulatory community update▼ Bad
Activists disturbed site works at Shambesai on 18 October, blocking access and causing minor damage to the community office. The company says government support is strong and the schedule continues. A setback for community relations.
14 Oct 2013drilling result● Neutral
Trenches at Ulugtau on the Djilginsai licence returned 6m at 10.35g/t gold, including 3m at 18.7g/t, and 7m at 5.27g/t. Follow-up drilling found nothing significant; mapping is needed before further drilling.
16 Sept 2013regulatory community update▲ GoodMajor
Shambesai wins its key Land Permit, rezoning the site to industrial use and allowing early site works. Financing talks for the US$41.3M capital are advancing with banks in Europe and Asia; the feasibility schedule is being updated.
10 Sept 2013half year report● Neutral
Half-year to 30 June 2013 shows a loss of $2.73M, up from $1.01M in the prior half. Restates the feasibility study and notes a community agreement at Maidan. Financing talks continue with several parties; no deal reported.
31 July 2013quarterly activities report● Neutral
June 2013 quarter recaps the feasibility study (227koz, US$105M NPV, US$41.3M capital). Five holes (460m) drilled at Kurbanbulak, results pending. Both placement tranches completed, raising $4.69M. Mostly previously released.
31 July 2013admin correction● Neutral
Amended quarterly cash flow report corrects shares on issue at 30 June 2013 to 275,542,160 from a wrongly stated 228,607,160. Cash at quarter end was $6.03M.
25 June 2013admin correction● Neutral
Manas appoints Security Transfer Registrars as share registry from 1 July 2013, replacing Computershare. Administrative notice only.
29 May 2013investor presentation● Neutral
Notice of an audio webcast with Managing Director Stephen Ross on the Shambesai feasibility study. No new information.
27 May 2013investor presentation● Neutral
AGM presentation restates the Shambesai feasibility study (US$41.3M capital to first gold, US$105M NPV, 11-month payback) and resources. Shows 261M shares, 8.0c price, $20.8M market value. Drilling to restart in June. Mostly previously released information.
27 May 2013other● NeutralMajor
Bankable feasibility study at US$1,400 gold: 227koz recovered over 4.5 years, after-tax NPV US$105M, IRR 67%, cash costs US$387/oz. Capital to first gold rises to US$41M from US$32.6M. Plant construction is now targeted for early 2014, later than the earlier first-half 2013.
30 Apr 2013quarterly activities report● Neutral
March 2013 quarter recaps the revised resource (697koz) and reserve (277koz) and the $5.1M placement, with Tranche 1 completed. Regional exploration has begun, including drilling at Djilginsai. The 10,000m resource drilling slips to the June quarter; the feasibility study is due then.
23 Apr 2013annual report● Neutral
Annual report to shareholders for 2012, with the new chairman's first address. It restates the feasibility study, TEO approval, mining licence and the target of gold production in 2014. Largely previously released information.
8 Apr 2013agm notice● Neutral
Manas advises its 2013 annual general meeting will be held at 3.00pm on Monday 27 May 2013 in Perth. Administrative notice with no other content.
5 Apr 2013other● Neutral
Notice of an audio webcast with Managing Director Stephen Ross on the $5.1M share placement. No new information.
2 Apr 2013capital raising announcement● NeutralMajor
Manas finalises a $5.1M placement of 51M shares at 10c, managed by Blackwood Capital: $3.4M first, $1.7M after a shareholder meeting. Funds go to the Shambesai environmental study, camp, roads and drilling. Cash is to exceed $9M; feasibility study due June quarter.
What it means for a shareholder
51.0m new shares at $0.100 to raise about $5.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.