MOD 0.00% 42.5¢ mod resources limited

Sitting idle ain’t going to change the expectation of a raise....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 859 Posts.
    lightbulb Created with Sketch. 283
    Sitting idle ain’t going to change the expectation of a raise. I’d prefer they get on with business (exploration that is, park the development) and cop some dilution - though they need to be smart about it and diligent with the funds and I think they will be. Sitting there as a dormant company for god knows how long waiting for the market to stabilise and Cu lift ain’t going to do us any favours and sure ain’t gona lift the share price. Making progress in the down will help us greatly when things turn even if it causes dilution IMo. But respect your views.

    As long as they select the right partner rather than giving the shares to a broker I don’t see it falling post a raise. Have a look at PLS for example dilute 5% but SP rises 12% (bit different a story though).
    Last edited by Cashmeoutside: 04/01/19
 
watchlist Created with Sketch. Add MOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.