IMO MOD would be less discounted if listed on the TSX or AIM. Also, investors on the ASX have historically disproportionately discounted companies with investments in Africa. However, corporates tend to take a more pragmatic view on valuation with appropriate country risk discounting - let's hope corporates are taking a good look at MOD!
MOD Price at posting:
49.0¢ Sentiment: None Disclosure: Held
