They certainly have to pick up their game.. they should be drilling on numerous fronts.. and these results would want to be good they have been drilling this ground for years now. I can't see why they wouldn't have enough information to release a JORC resource at this stage.
He's already purchased with his own funds and received 55 million shares.
*Manas is pleased to announce an investment into the Company by the new management team of $500,000via a placement of 111,111,111 shares at an issue price of 0.45 cents per shares. Mr Tremain will acquire55,555,555 shares by investing $250,000. Proceeds of the placement will be used to accelerate theCompany’s activities in Cote d’Ivoire.
He can received his first 25m shares on completion of trench 4 at any time.
* Tranche 4: Company announcing a JORC Resource of > 0.5Moz of gold (or gold equivalent) *Trancheat > 1.5g/t gold (or gold equivalent)
- we canonly hope with all his connections and experience he is putting together a fantastic deal for shareholders.
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- Ann: Drilling Progress at Mbengue Gold Project Cote DIvoire
Ann: Drilling Progress at Mbengue Gold Project Cote DIvoire, page-59
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