MOD price action vs MTR, page-2

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Pmys

521 Posts.

03/08/17

12:19

Post #: 26264418

Originally posted by JustStayin ↑

Just my thoughts and not intended as investing advice...

1.6p warrants are due to expire soon over at MTR and imho it explains the current selling there as someone needs the cash to exercise them.
Interestingly MTR sp is holding up, presumably due to the imminent restarting of drilling in Botswana or maybe it's because of interest due to forthcoming ipo for the Thai mines.
The support is confirmed by the rise in volume and the stable price.

Since MOD don't have the same imminent warrant expiry acting as a negative driver, I assume the slight dip is now a buying opportunity to capitalise on the restart of a newsflow.

I suspect the rate of news will soon exceed anything we have seen last year.
MOD have the Airborne EM results to guide them.
Also a new facility to pre-process the assays and speed up results.
They also have the funds and intent to increase the resource.
We kow they have a drilling team eager to get back to work.
With the recent rise in the price of Cu and the forthcoming supply crunch it's the perfect time to really push.

Take your positions soon as drilling is likely to restart within the next week or so.

atb
JS

Expand

Column 1 Column 2

0 46 buyers for 8,376,507 units 32 sellers for 3,764,341 units

Havent seen this for a while.

	Column 1	Column 2
0	46 buyers for 8,376,507 units	32 sellers for 3,764,341 units

MOD Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held

6 Upvote

0 Great analysis

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MOD price action vs MTR, page-2

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