24 Apr 2019annual report● Neutral
Notice that the annual report sent to shareholders is identical to the statutory accounts lodged on 29 March 2019. Administrative; no new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Apr 2019admin correction● Neutral
Appendix 4G corporate governance checklist for the year to 31 December 2018, pointing to the governance statement in the annual report (pages 56-67). Administrative; no new substance.
10 Apr 2019agm notice● Neutral
Notice that the 2019 AGM will be held on 29 May 2019 at the company's Mount Hawthorn office. Administrative only.
29 Mar 2019annual report● Neutral
Annual report for 2018 restates the Côte d'Ivoire earn-ins, the Mbengué drilling results and the Victoria withdrawal. The excerpt shows no new transactions; financial figures are not in the readable text.
12 Mar 2019security holder rights change● Neutral
Manas started a sale facility for unmarketable parcels (under $500, or 166,666 shares or fewer at $0.003). About 748 of roughly 1,400 holders are affected, representing about 1.24% of shares. Aims to cut registry costs; holders can opt out.
31 Jan 2019quarterly activities report▲ GoodMajor
December 2018 quarter: cash about A$8.8M. Manas met the US$0.3M minimum spend and in January 2019 elected to proceed at Mbengué, having earned 20%; up to 70% needs US$2.0M total over 3 years. Gonsan and Eburnea permits still pending.
6 Dec 2018investor presentation● Neutral
December 2018 corporate presentation restating the Côte d'Ivoire portfolio (over 2,000km2), the Mbengué drilling results and A$9.2M cash at 30 September. Share price is shown as $0.004, with market cap about $10.6M. No new results or transactions.
14 Nov 2018drilling result▲ GoodMajor
Manas's first Mbengué diamond drilling (13 holes, 1,312m) hit gold at all four prospects, including 9m at 5.05g/t and 21m at 2.11g/t at Turaco and 7m at 7.54g/t at Madala. Confirms the mid-November assay thread; further targets identified.
2 Nov 2018director officer appointment● NeutralMajor
Geologist Alan Campbell, former Papillon Resources managing director (Fekola discovery), becomes Chairman. Mark Calderwood steps down as chair, citing work commitments, but stays as a non-executive director.
29 Oct 2018quarterly activities report● Neutral
September 2018 quarter: cash A$9.2M. Maiden Mbengué diamond programme finished at 13 holes for 1,312m, and the K1 anomaly was renamed Turaco. Assays are expected mid to late November; Gonsan and Eburnea permits remain pending.
12 Sept 2018half year report● Neutral
Half-year to 30 June 2018 shows a profit of $16,079, driven by an unrealised foreign exchange gain of just under $0.5M, versus a $1.2M loss a year earlier. Review restates the Côte d'Ivoire projects and the post-period start of drilling at Mbengué.
11 Sept 2018drilling spud▲ GoodMajor
Manas began its first drilling at Mbengué: about 1,000m of diamond core, holes up to 120m, to validate Perseus's earlier K1 prospect results (such as 28m at 8.14g/t gold). Programme expected to take four weeks.
8 Aug 2018drilling result● Neutral
Manas validated Perseus's historical Mbengué drilling to JORC 2012 standard and published the full results, including newly identified intercepts and two minor corrections to the May release. These are historical Perseus results, not new Manas drilling.
31 July 2018quarterly activities report● Neutral
June 2018 quarter: cash about A$9.5M. Manas signed the Mbengué earn-in (US$0.3M initial spend within 6 months) and Bouaké Sud option, and withdrew from Victoria. Gonsan and Eburnea permits still pending; new CEO appointed in July.
25 July 2018director officer appointment● NeutralMajor
Chris MacKenzie, a geologist with 25 years' experience, was appointed CEO on A$250,000 fixed pay, with 40M options at $0.0075 to follow a probation period. Phil Reese, CEO for nine years, steps down and assists with handover.
13 July 2018other● Neutral
Resolute Mining announced it acquired 79.3M Manas shares through a share swap, lifting its Manas stake to 23% (from 19.8% previously). It is a notice by the shareholder, not a Manas capital raising, and carries no new company information.
29 May 2018material agreement▲ Good
Manas bought a 12-month option, for US$5,000, over the Bouaké Sud permit application south of Bouaké Nord, together about 800km2. Exercise after permit grant would cost 20M options at A$0.006. Part of the area is forest reserve restricting exploration.
29 May 2018investor presentation● Neutral
AGM presentation on the Côte d'Ivoire portfolio, restating a project-generation strategy and previously announced projects. It cites zero entry cost for the 70% Mbengué earn-in after US$2M of exploration spend. No new results or transactions.
25 May 2018material agreement termination▼ BadMajor
Manas withdrew from the Victoria Gold Project acquisition in Tanzania, citing no progress on licence transfers and operating challenges. It may recover the US$800,000 prepayment if the vendors resell within 12 months, and says amounts were already fully impaired. Resolves the open Victoria thread.
18 May 2018farm in farm out agreement▲ GoodMajor
Manas signed an earn-in to acquire up to 70% of Perseus Mining's Mbengué gold project in Côte d'Ivoire, a granted permit of about 398km2 near the Tongon mine. Earlier Perseus drilling hit 69m at 7.8g/t gold. Cash is about A$9.5M.
30 Apr 2018quarterly activities report▼ Bad
March 2018 quarter: cash $9.5M. Victoria deal had a 13 April 2018 sunset date, after which either side may withdraw; Manas expects to clarify its position in the June quarter. Côte d'Ivoire permits still awaited.
27 Apr 2018annual report● Neutral
Cover notice that the annual report sent to shareholders is identical to the accounts lodged on 29 March 2018. No new information.
29 Mar 2018admin correction● Neutral
Appendix 4G governance checklist for 2017, pointing to pages 53-64 of the annual report. Administrative filing with no new information.
29 Mar 2018annual report● Neutral
2017 annual report restating the year's focus on Victoria and the post-year-end Côte d'Ivoire earn-ins. Board and CEO are unchanged. No new developments are visible in the text provided.
7 Feb 2018investor presentation● Neutral
Conference presentation on the Côte d'Ivoire projects, repeating known facts. It shows 2,643M shares on issue, a $0.006 share price, about $15.9M market value and Resolute Mining as the top holder at 19.8%.
29 Jan 2018quarterly activities report● Neutral
December 2017 quarter: cash $9.7M. Tanzanian regulations issued after quarter end cancel Retention Licences and push local ownership, with unclear effect on Victoria. Côte d'Ivoire earn-ins recapped, with exploration to start once permits are granted.
23 Jan 2018farm in farm out agreement▲ GoodMajor
Manas signed earn-in agreements for up to 85% of Gonsan (about 1,000km2, around the Ity mine) and up to 80% of Bouaké Nord (about 300km2) in Côte d'Ivoire. All four permits are still applications; cash is about A$9.7M. New direction beyond Victoria.
13 Nov 2017price query● Neutral
Responding to an ASX query on the share price rising from $0.004 to $0.006, Manas said it knew of no undisclosed information explaining the trading and confirmed it was complying with the listing rules.
31 Oct 2017quarterly activities report● Neutral
September 2017 quarter: cash $10M. Victoria acquisition still pending, with Tanzanian law changes slowing general exploration in the country. Manas plans to restart exploration when the situation allows and is reviewing other opportunities.
13 Sept 2017half year report● Neutral
Half-year to 30 June 2017 shows a loss of $1,196,930, versus $19.48M a year earlier when Kyrgyz assets were written down by $18.54M. Victoria deal still awaits completion, and new Tanzanian laws are likely to slow it.