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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mod Resources Limited | LSE:MOD | London | Ordinary Share | AU000000MOD3 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 22.50 | GBX |
Mod Resources (MOD) Share Charts1 Year Mod Resources Chart |
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1 Month Mod Resources Chart |
Intraday Mod Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/10/2019 | 15:20 | MOD Resources, Botswana copper | 65 |
| 22/12/2009 | 18:40 | Modern Water | - |
| 26/10/2009 | 08:50 | THE WORST MODERATOR - VOTE NOW | 19 |
| 30/11/2006 | 11:00 | Beat this for ineptitude and atrocious man-management | 5 |
| 01/11/2005 | 16:13 | British tribunal recognises Gulf war syndrome....short M.O.D.! | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 02/9/2019 11:22 by cpap man #KAVSP 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. |
Posted at 19/7/2019 12:17 by cp42kx07 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). |
Posted at 25/6/2019 12:59 by l33matthews "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 |
Posted at 25/6/2019 12:47 by paleje Its worth ~24p but some of that may have to be in Sandfire shares depending on the cash/share uptake overall. |
Posted at 25/6/2019 09:13 by l33matthews Similar price to ASX- they closed at £0.218 |
Posted at 03/4/2019 21:07 by the deacon 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. |
Posted at 03/2/2019 10:47 by lazygun I imagine mod won’t be interested unless they see something north of $1 per share at least...By contrast, the development funds that bid for discovery when it had the land and that producing mine, bid around us$850 million for discovery which was rejected. Back in 2k12, copper price was around the $3.50 mark. Mod are now in a similar position, albeit earlier on in the development cycle for t3, But t3 estimated to be bigger than discovery’s producing mine at that time, on a tiny patch of the exploration land. Hypothetically, if those funds made a similarly priced bid for mod, with around 297 million shares in issue, would equate to around $2.85 us per mod share, or $3.30ish Aussie dollar per mod share. Main differences between mod now, and discovery back in 2k12, is that discovery had their producing mine which was eventually bought I think only for around $35 million...., and the copper price is lower now than in 2k12. Of course the bigger picture here is that we’re likely on the cusp of a perfect storm with diminishing copper supplies, diminishing commercial grades of recoverable copper at existing mines, very few new mines coming on stream in the next few years, and very few large scale discoveries of new copper resource, combined with a forecast increase in demand over the long term for copper, globally. I think mod and mod shareholders will hold out for a much higher bid than sandfire’s... Just shows how small sandfire’s bid really is. Given mr m is now on board with mod, it wouldn’t surprise me at all to see mod make a bid for Kalahari Metals. They are much much earlier on in the resource development cycle, with a vast tract of land near mod’s. That would make mod an even more value proposition... Be interesting to see if mod does make a move for kalahari.... L. |
Posted at 01/2/2019 13:27 by the deacon Opportunity here. Are buyers now eligible for the open offer? Current share price around placing price. Plenty of interest in what MOD are doing |
Posted at 18/12/2018 13:28 by paleje Valuation: Undervalued even at our base caseWe value MOD at a price of £0.39 (A$0.64) per share using a SOTP valuation for the T3 deposit and other early-stage projects. This provides an upside of 117% on the current share price. T3 has a very low capital intensity compared to other projects and an all-in sustaining cost in the bottom 35% of global copper projects. We believe MOD offers attractive exposure to a commodity with attractive supply-demand fundamentals over the mid to long term. |
Posted at 14/12/2018 12:27 by cpap man MOD Resources (MOD LN) 18p, Mkt Cap £44.7m –Botswana licence renewalsMOD Resources reports the renewal of all its prospecting licences in Botswana, ahead of schedule, for a further two year period as well as the issue of an additional three year prospecting licence giving the company’s local subsidiary Tshukudu Exploration control of 8,163km2 of the Kalahari Copper Belt in Botswana. Maps available on the company’s website appear to show that the new licence, PL093/2018, infills a gap in the company’s pre-existing licence coverage located to the west of the T23 area currently being explored with promising initial drilling results. Today’s announcement also confirms that the all of the licences held within the 70:30 joint venture with Metal Tiger plc have all now been transferred to Tshukudu Exploration as previously announced. Commenting on the licence extensions, Managing Director, Julian Hanna said “The extension of our prospecting licences is a major milestone for MOD Resources as we explore and potentially develop the many copper targets on our extensive licence holdings. Recent exploration has been very successful with copper found in almost every drill hole across the previously under-explored Central Structural Corridor within this highly prospective region.” Conclusion: The extensions to the prospecting licences provide MOD Resources with the guaranteed tenure to continue its exploration of the Kalahari Copper Belt where it has already identified and is currently working on the feasibility study to develop the T3 deposit, and is making new discoveries in the vicinity of the T23 and A4 domes |
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