| 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 |
0.0% |
22.50 |
0.00 |
01:00:00 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
0.00
|
0.00
|
0.00 |
0.00 |
0.00 |
| Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
|
Mining
|
|
|
|
|
77
|
| Last Trade Time |
Trade Type |
Trade Size |
Trade Price |
Currency |
| - |
O |
0 |
22.50 |
GBX |
| Trade Time |
Trade Price |
Trade Size |
Trade Value |
Trade Type |
No Trades
| Date | Subject |
|---|
09/4/2020
09:20 | Mod Resources Daily Update: Mod Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker MOD. The last closing price for Mod Resources was 22.50p.
Mod Resources Limited has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 24.25p while the 1 year low share price is currently 15.50p.
There are currently 340,134,628 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mod Resources Limited is £76,530,291.30.
|
25/6/2019
12:59 | 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
|
03/2/2019
10:47 | 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.
|
18/12/2018
13:28 | paleje: 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
|
Mod Resources share price data is direct from the London Stock Exchange
PLUS1
MOD Resources Shares Successfully Transferred To Sandfire