I was one of those recent buyers. I already owned a lot of MOD. But based on my London 121 meeting (and the T20 news around the same time), I bought significantly more shares within a few days of the conference. I had 16 meetings total, and MOD was my favorite.
Personally, I am fine with everything going on, except for the minimal trading on the LSE so far. As noted by some others on HC, it seems bizarre that there has been so little stock available for trading, considering there should be London funds that are wanting to get in with this new listing. But I think the ASX trading has been pretty good overall. The volume is fairly consistent, and it's trading within a range.
My hope is that excellent assays at T20 change everything, and London Funds may pile into the LSE shares, even with the possible liquidity issues there. It could be on these first drill holes, or it could be on follow-up within a month or two. Maybe there will be news this week, we'll see. The key is for the 'district scale' aspect of the story to return, though I am very happy for the share price to be underpinned by T3.
I might make another video soon, especially for people new to the story. Stay tuned.
Cheers,
MBG
MOD Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held