Still no news on A4? Last assays were released in the 1st week...

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Mossberg

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17/12/18

09:26

Post #: 36877823
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Originally posted by plough ↑

" I think what we should not lose sight of as investors is that MOD is not purely an exploration play - they already have a development project (T3) with a Net Present Value (NPV) estimate of AUD $370 million as per the Pre-feasibility study (refer announcement dated 31/01/2018)."

Disagree without funding it is still an explorer, unfortunately A4 turned out to be a bitter disappointment for me , I had hoped it would have had higher grade to initially kick start the project , now MOD is between a rock and a hard place , as instead of a smaller high grade project its outlook is more towards a lower grade high tonnage project which will take far more drilling and eventuate in a higher CAPEX project that will be harder to find funding for .
That is why I feel the share price is where it is .

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Still no news on A4? Last assays were released in the 1st week of October, that’s almost 3 months ago. Crazy stuff.

ASX listed companies are supposed to release all material news. But these guys only seem to share positive results while burying the dusters. Not sure how they get away with it tbh

No wonder trust is at a low ebb. Mgmt really need to change their approach, regardless of what the drill results show. This sort of reputation can be next to impossible to shake once earned

MOD Price at posting: 29.0¢ Sentiment: None Disclosure: Held
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Still no news on A4? Last assays were released in the 1st week...

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