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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
  +0.00p +0.00% 16.50p 4,518 01:00:00
Bid Price Offer Price High Price Low Price Open Price
16.00p 17.00p 16.50p 16.50p 16.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 50.1

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Date Time Title Posts
18/5/201916:25MOD Resources, Botswana copper49
22/12/200918:40Modern Water-
26/10/200908:50THE WORST MODERATOR - VOTE NOW19
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 (MOD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:00:4816.604,518749.98O
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Mod Resources (MOD) Top Chat Posts

DateSubject
24/5/2019
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 16.50p.
Mod Resources Limited has a 4 week average price of 16.50p and a 12 week average price of 15.50p.
The 1 year high share price is 24.50p while the 1 year low share price is currently 12.50p.
There are currently 303,737,076 shares in issue and the average daily traded volume is 36,654 shares. The market capitalisation of Mod Resources Limited is £50,116,617.54.
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
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