I would think that the Free Float is getting tighter too.
I know that Sprott like both MOD and MTR and from the recent CR other entities are positioning themselves.
I have c. 1.4% and that isn't coming back to the market anytime soon.
Management own a swag as do MTR. Even whilst the Option structure to buy T3 suggests a possbile overhang, i doubt management or MTR will be selling shares either.
No one cares about Cu right now (outisde of pipeline light Cu producers) but this will change ...
Cheers
John
MOD Price at posting:
49.5¢ Sentiment: None Disclosure: Held