MOD about 130 mill fully diluted and Tiger from UK buying up...

MOD about 130 mill fully diluted and Tiger from UK buying up stock, they know this area.

Broker research on MOD target valuation of around $250 million, EV of MNE around 6 or 7 mill...although very early days for Kapore this shows potential upside

This is elephant country and looks as though MODs deposit runs into MNEs

Big rerating on the cards here and new management on board also worthy to note, this isn't a trade at these levels