MOD 0.00% 42.5¢ mod resources limited

Quite agree John. Hopefully the board are fully aware of the...

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. 699 Posts.
    lightbulb Created with Sketch. 133
    Quite agree John.

    Hopefully the board are fully aware of the seemingly urgent need to elevate the share price.
    Listing on the London market is obviously part of the plan and I believe this should work, as it looks to be well timed and in sync with the current 'Tshukudu Exploration' drive to quickly scout drill and showcase the potential value of the cluster of domes close to T3. This of course shows that the T3 pit and potential add on deposits are sitting conveniently close to each other in an attractive and easily mined zone.

    The timely half year report which was released just before the ADU2018 conference and JH's presentation itself was mainly focused IMO on showcasing increased T3 NPV to the well heeled audience but also alluded to the excitement around the present drill campaign by mentioning the ongoing and successful hunt for mineralisation at A4, approx 6-8 km from T3 pit. I like the way JH often adds a little teaser to his presentations.

    MOD seem well behind on assays and visuals for both A1 and A4 at present, so I'm assuming the next step (with the recent presentations out the way and prior to the proposed London listing soon) is to release a decent batch of drill news to excite the market. We know that both those domes are looking promising and that the AEM tech appears to be accurate in its predictions.

    It seems to me that the decision to mine is fast becoming a mere formality so MOD will be playing to the gallery of potential funders for the huge costs for mining (if they take it that far before being bought out!).

    All in all, and looking at the longer term picture, I'd like to see the share price moving up (obviously), a London listing, drill results released more often to market and smart prioritising of the good but limited resources to effectively prove up the dome clusters near T3.

    As for T20 and the EMPs, I hope approval arrives soon though I can't see logistically how drilling on that can start for a while yet.
 
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.