Manas is exploring for gold at its Shambesai project in southern Kyrgyzstan.

Manas to buy gold project in Tanzania

Shares in local explorer Manas Resources have doubled in value on news the company has entered into an agreement to acquire the Victoria gold project in Tanzania from a private Italian group for $US4 million ($A5.4 million) in cash and shares.

Manas will pay $US1.8 million in cash to buy the gold project from Italian group Cienega, plus $US2 million in shares at a price of 0.2 cents each.

The price of the share component of the deal is a 100 per cent premium to the company’s last closing price of 0.1 cent.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
308thManas Resources25%-46%
395thOtto Energy11%-1%
711thTyranna Resources-45%-37%
717thBattery Minerals-46%-24%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$14k Issued
$14k Bought
$14k Issued
Total value as at the date of the transaction
Source: Morningstar


283rd↓Battery Minerals$40k
284th↓Manas Resources$40k
286th↓Tyranna Resources$37k
287th↓Otto Energy$36k
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Manas Resources

814thMark Calderwood$48k
318thSusmit Shah$8k
Ranked by total remuneration from all listed WA companies

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