Australia's largest stock trading and investment forum Australia's #1 stock forum

MOD

Click for more information

0.00%

42.5¢ mod resources limited

If it helps... Sprott's previous investment in MTR was expressly...

First 13 Last

Share
Profile

Follow
JustStayin

690 Posts.

47

18/09/18

21:44

Post #: 35682977
Share

Originally posted by Cashmeoutside ↑

I have never seen Sprott as a direct holder in MOD though they do own a lot by virtue of their MTR holdings.

I’m still decifering the ann but it seems Sprott had 7.96% of 1,13bn SOI pre August (90m shares). They then participated in a private placement of 93m additional shares direct and then added a further 38m shares by the looks on market to now hold 222m shares (16.41% of the 1.35bn shares now out on issue) - plus a number of warrants. The placement occurred in August so I don’t think you can say this accumulation all occurred in the past week.

Nonetheless a good show of confidence from a reputable investor in the natural resources sector...good to see they see the potential in the area as I’m sure we all do.

Expand

If it helps...
Sprott's previous investment in MTR was expressly ringfenced for the Botswana JV.

Sprott wants to get a stake here but MTR offered them warrants (6p) so that was their route in.

MOD Price at posting: 40.5¢ Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 32 more messages in this thread...

First 13 Last

Add MOD (ASX) to my watchlist