MOD 0.00% 42.5¢ mod resources limited

Activity, page-48

  1. 3,174 Posts.
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    Sorry I'm in a similar position to you. I like the story - the drilling results are great so I'm strapped in for the longer term. No idea what the SP will be come the end of the month, you would think it will rise on news - but it won't be 10% of what it will be in two years imho - so why sell before then?

    Surely you'd want to stay in until the JORC resource is announced AT LEAST in OCT, and better yet wait on offers to come in for T3 as MOD continue the drilling to enlarge the initial JORC resource figure.
    Maybe there will be a takeover offer given the MC is so low. I hope not but that would have to be at a very good premium to get people to sell these shares. (Vote 'NO' btw).

    On top of that MOD have literally thousands of sq kms of tenements after T3 and a VERY good team in country.

    In short. Hold onto your shares for gawds sake! (IMHO as a novice investor - DYOR etc etc)
    Last edited by WoodySpoon: 08/08/16
 
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