Just a question i'm not sure of the answer to,,, how would any potential takeover company approach the situation of MOD seeking financing after DFS? By that I mean, does it massively complicate an offer if MOD have already secured financing, to the point that it is almost only worth making an offer pre finance deal? Or at least forcing the issue ahead of any financing?
Can anyone think of a situation where a company has gotten themselves fully funded and then a buyout offer comes? Or is it simply more likely that an interested party will want to get in before that and use their own funds or finance facilities to build the mine?
I guess if the sharks aren't swimming, then it could also make sense to allow funding and mine prep to get going (under a watchful due diligence eye), and wait for MOD to resume exploration,,,, if the party is looking to buy in when future exploration success is confirmed.
Another side is Sprott being up to their eyeballs in the Belt now through Metal Tiger, they'll be right in the mix I think when major $$$ is needed later this year. Rick Rule is huge on streaming at the moment so I also wouldn't be surprised to find he has facilitated some sort of deal in that space in the future.
MOD Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held