MSR 0.00% 0.7¢ manas resources limited

Ann: Quarterly Activities Report, page-7

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  1. 469 Posts.
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    Hi Midnight26 ... I'm happy that they slowed down the spend. As I understand they are continuing to do the minimum required to keep the ball rolling while not spending for the sake of it on exploring land that isn't a done deal yet. Once the licences are all transferred they will be in a great position to pull the trigger given the prep time they've had. It is like a sore big toe that you keep stubbing that we went from Kyrgyz Rep. into what I hoped would be a safe location from a sovereign risk perspective only for the Tanzanian gov to pull this one on us. Amazingly bad luck! But hey, there is cash in the bank and theoretically some significant gold in the ground ... wishing never got you anywhere in investing, all the same I do wish it would all pan out soon. Meantime what can you do but sit and wait. Too much of a margin to sell, 0.4c=>0.3c is 25%. I kind of wish I had the impetus to buy those sitting there at 0.003 (just for the cash in bank) but I have too much money allocated into this already.
 
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