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
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

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Date Time Title Posts
27/10/201915:20MOD Resources, Botswana copper65
22/12/200918:40Modern Water-
30/11/200611:00Beat this for ineptitude and atrocious man-management5
01/11/200516:13British tribunal recognises Gulf war syndrome....short M.O.D.!-

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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 0p while the 1 year low share price is currently 0p.
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.
cpap man: #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: 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: "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: Its worth ~24p but some of that may have to be in Sandfire shares depending on the cash/share uptake overall.
l33matthews: Similar price to ASX- they closed at £0.218
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.
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.
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
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.
cpap man: 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
Mod Resources share price data is direct from the London Stock Exchange
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