I'd be interested to hear the MTR guys in their next interview, which are regularly posted here.. Not a holder of MTR but the have pulled out of other investments and continuing to go bigger on MOD, so i'm betting their holders are also biting their nails at the moment, and hoping for some justification for their faith in MOD.
It's a perfect storm for SP being in the toilet.
- Market wide slump.
- Strength gone out of the copper price that was building all through the second half of 2017, and now at lowest price in 6 Months.
- PFS being decent, but resource upgrade being pushed back.
- Extra long wait times for Assays.
- EXTREMELY long wait times on permit approval, with even more delays (Bots could even start being pushed down the list of mining supportive districts)
- Latest EM survey has been teased for Months but we haven't seen it.
- Disappointing first round of Assays that we've been waiting on.
- HUGE cap raising at lowest point SP and sentiment wise in over a year
- Share price over 10% below entitlement price
- Announcements hyping up while SP goes down.
Can anyone think of any more?
I've posted quite a few times listing the positives and why i'm holding MOD, but can't deny that it's dark days at the moment.
MOD Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held