Mod Resources Share Discussion Threads

[skiboy10] 27/10/2019 15:20

Transformational if KAV can hit massive sulphide in the next few weeks

[cpap man] 02/9/2019 11:22

#KAV

SP Angel . Morning View .

Conclusion: The offer by Sandfire to acquire MOD Resources has highlighted the exploration potential of the Kalahari Copper Belt. Kavango Resources’ success with its own exploration at KSZ and the expansion of its portfolio of exploration property within the Kalahari Copper Belt via the MoU with LVR GeoExplorers may prove to be particularly timely.

[cp42kx07] 19/7/2019 12:17

MOD.L is currently (23p bid) discounted as follows:

SFR scrip offer (0.0664 for 1, exc. c.10c SFR dividend entitlement): 11%
SFR cash offer (45c): 9%
MOD.AX price (44.5c): 8.5%

Despite being disappointed with the offer from SFR, IMO it seems to make sense to accept the scrip offer and give the SFR management a chance to extract some (albeit heavily diluted) value from MOD's projects (something that MOD management have noticeably failed to achieve).

[l33matthews] 25/6/2019 12:59

"MOD shareholders who elect the cash option is capped at AUD41.6 million." So 25% of MOD holders can cash out, the rest will need to accept sandfire shares. Current Sandfire share price is A$6.28, making the equivalent value of converting one MOD share (at 0.0664) into Sandfire shares of A$0.417. This means it values the shares of MOD which are converted into sandfire shares (3/4 of the current listed shares) at 23p.This is barely any premium to the current price, and certainly not near the 45% increase they state in the RNS

[paleje] 25/6/2019 12:47

Its worth ~24p but some of that may have to be in Sandfire shares depending on the cash/share uptake overall.

[shieldbug] 25/6/2019 11:39

Very thin trading. Not clear what the offer actually is in £.

[the deacon] 25/6/2019 11:06

Still well below the $0.45 / 25p offer

[l33matthews] 25/6/2019 09:13

Similar price to ASX- they closed at £0.218

[the deacon] 25/6/2019 08:57

I am surprised at the somewhat muted response

[paleje] 25/6/2019 08:29

Rose 29% to AU$.40 in oz so we're a bit out of sync as usual, could there be a better offer yet? Apparently several players have been involved.

[shieldbug] 25/6/2019 08:07

Hard to see how this is in shareholders interests.

[l33matthews] 25/6/2019 07:59

Hmmm, particularly as there is a differential between LSE and ASX listing prices meaning LSE holders wont get to the 45% premium. Latest notes suggest 0.67 AUD closer to true value...

[the deacon] 25/6/2019 07:34

Yes I agree. Thoroughly undersold imo

[lazygun] 25/6/2019 06:03

Bloody terrible deal. Sold off way way too cheaply

L.

[catsick] 25/6/2019 00:55

Looks like a takover bid is being made 155m aud nice 50pct premium

[jailbird] 16/6/2019 09:50

Deacon ValuationAsset valuation: We mirror the DFS inputs and copper prices for an SCP pre-tax NPV8% of US$397m, slightly above the US$368m in the DFS likely on spend timing differences, and a 33% IRR identical to the DFS. We then deduct taxes according to the Botswana sliding rate for a US$233m post-tax NPV8% and 25% IRR. Adjusting to spot copper (-6% to 289c/lb) lowers this to US$182m with a 21% IRR and 4.8 year payback. This demonstrates the high leverage of T3 to copper prices – we give a detailed summary of our model assumptions in Table 1, and a range of sensitivities to copper prices and discount rates in Table 3 below, for example the post-tax NPV8% lifts to US$331m with a 32% IRR at 350c/lb.

[cpap man] 18/5/2019 16:25

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[paleje] 29/4/2019 09:12

Nearly done with T3 drilling now though and project certainties are improving which can't be lost on potential acquirers/financers which I think was their strategy.

The cost of getting there is another matter, I can't judge, some of the outgoings seem high but if they get a better deal as a result of the extra work it will be water under the bridge.

[the deacon] 26/4/2019 00:25

Disappointing cashflow report released on ASX. Ridiculous cash burn rate, and only a portion of that burn is being spent on the drill bit.

[the deacon] 26/4/2019 00:25

Disappointing cashflow report released on ASX. Ridiculous cash burn rate, and only a portion of that burn is being spent on the drill bit.

[davidosh] 22/4/2019 12:16

Just to mention that MOD Resources will be exhibiting and presenting at the Mello2019 event on Friday 17th May



They will almost certainly be doing two presentations so one in the morning and one afternoon.

More info and tickets here...

If you want a 30% discount you can use this code in the box ADVFN30

[paleje] 04/4/2019 00:29

I hope he’s right Deacon but I’d like to see them get funding sorted before getting too excited. And as for seeing a 'copper district' which was what jacques was talking about at a presentation I attended in Jan last year, it seems to be on back burner now they are facing the realities of making things pay.

I think they are ok and undervalued but they can’t run before they walk.

[the deacon] 03/4/2019 21:07

MOD Resources could one day produce double the copper scoped in a recent feasibility study – up to 60,000 tonnes annually – said the firm's MD, Julian Hanna.Hanna told Miningmx in an interview that the Sydney- and London-listed producer had enough copper resources to become a mid-cap copper producer. It is currently planning the development of the $182m, T3 project in the west of Botswana in an area known as the Kalahari Copperbelt which extends further westwards into Namibia.https://www.miningmx.com/top-story/36534-botswana-copperbelt-has-potential-to-take-mod-resources-to-mid-tier-status/

[the deacon] 02/4/2019 09:35

New interview https://youtu.be/-Tm-sgVs8D0

[the deacon] 01/4/2019 21:44

Yeah I thought so too..