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13/11/17
23:28
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Originally posted by nsw004
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Not so simple , melua
Some of the greatest scrips have consolidated for a very long time frustrating even the most patient value investors , this is the norm and not the exception for many good scrips. The trash always runs fast to attract retail.
There is absolutely no question about the potential of MOD , it is remarkable, they have just scratched the surface now.
Otherwise we will not have Rick Rule visiting the deposit and taking a ten percent stage in MTR immediately ( I am an investor in MTR : disclosure )
MOD ran to 9 c and right now at 5.5 c at 200 DEMA
At the risk of upsetting existing holders , feel it can go to its next support 4 c over next few weeks. I will be an active buyer if it happens.
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The project is good. The opportunity cost of sitting in this isn't good.
I exited in the 6s and put the proceeds into other mining stocks (one has 10 bagged since).
Last edited by
melua :
13/11/17