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Share Name Share Symbol Market Type Share ISIN Share Description
Mod Resources LSE:MOD London Ordinary Share AU000000MOD3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 17.50p 17.00p 18.00p 17.50p 17.50p 17.50p 8,500 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 43.50

Mod Resources Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
04/2/2019
17:43
Perfect timing for those ready for project funding and/or jv's/takeovers. This would be just the start of what is forecast to be a long term uptrend in demand set against supply shortages. Best not to take opportunistic early offers. https://seekingalpha.com/news/3429111-copper-rally-10-percent-next-3minus-6-months-economy-perks-citi-says
paleje
03/2/2019
10:47
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.
lazygun
01/2/2019
14:38
Peeps on share reg Monday 4th. It's only 1 for 13 @24c, might be possible to bid for more I suppose, if it is I shall.
paleje
01/2/2019
13:27
Opportunity here. Are buyers now eligible for the open offer? Current share price around placing price. Plenty of interest in what MOD are doing
the deacon
24/1/2019
14:31
We're synced with oz again now, no comfort to those who bought higher I know. But the chances are Sandfire may raise their offer to nearer 50c which would equate to ~29p, still too cheap imo, and there could be other interested parties with different deals. Point is, MOD is in the spotlight now and despite the poor market sentiment majors and mid caps need more resource and they think long term not like us. Drill drill drill now there's cash in the bank, no need to bite anyone's hand off.
paleje
21/1/2019
17:03
Bought a small amount of MOD last Friday more to focus my mind on research. Glad I did.
shieldbug
21/1/2019
13:33
where is the 60c mentioned?
babbler
21/1/2019
11:25
I don't call this a spike
amrishbhim
21/1/2019
11:13
amrish Funny you claim not to chase spikes. It seems the only time you turn up on a thread is when they are biggest % riser
dave4545
21/1/2019
11:08
Another bid from the same, now 60c, still undervalued but I think the board will takes these guys seriously
amrishbhim
20/1/2019
23:46
https://www.asx.com.au/asxpdf/20190121/pdf/441zcgxhh6t5sv.pdf Merger approach for MOD and a fund raise rumoured at 30c, should liven things up.
paleje
24/12/2018
08:39
Interesting where the majors are targetting capex, as per Bloomberg last week https://tinyurl.com/yah7lt85 copper top of the list. Lots of copper here and potentially much more to come but the whole sector is under a cloud especially where funding issues loom. Looking cheap but timing is everything.
paleje
21/12/2018
12:21
Good point I didn't know that. But seems to me it's also aligning with Oz, where the share price is languishing at A$ 0.23 probably because its no secret they've got to raise money after the BFS and who knows what the market will look like then.
paleje
21/12/2018
11:38
Maybe it's dropping because nobody can buy it. Hargreaves do not recognize it and iii refuse to deal it in the ISA So might explain lack of buying
dave4545
21/12/2018
11:26
20% on a few grands worth of shares at xmas time in a bear market. Big deal.
paleje
21/12/2018
09:37
Tanking....
barnetpeter
20/12/2018
07:22
Positive RNS this morning. Not a holder
mirabeau
18/12/2018
13:28
Valuation: Undervalued even at our base case We 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. https://www.edisoninvestmentresearch.com/research/report/mod-resources/full
paleje
14/12/2018
12:27
MOD Resources (MOD LN) 18p, Mkt Cap £44.7m –Botswana licence renewals MOD 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
cpap man
11/12/2018
14:40
Surprised that with MTR & MOD no one is here posting about the RNS yesterday? Perhaps everyone and their dogs are just selling out? Maybe in light of all of this KAV who are also in Botswana might be worth a look see?
cpap man
04/12/2018
08:14
Anyone following this should also have a look at Phoenix Global Mining (PGM).Probably about 6 months behind MOD but their recent drilling results have been spectacular and they're based in the joint-top jurisdiction for mining in the world.Currently below the radar with market cap currently below £10 million but it won't stay like that for long.Both MOD and PGM are great prospects.
zaphod99
04/12/2018
08:07
Looks interestinghTtps://www.miningreview.com/mod-resources-copper-rich-domes/
zaphod99
27/11/2018
12:10
Now there's a trickle of trades we can see true spread 22.26 - 24.00.
paleje
26/11/2018
18:57
Might get a bit of interest later in the week, think management are attending Mines and Money.
paleje
Chat Pages: 4  3  2  1
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