MOD 0.00% 42.5¢ mod resources limited

I am a long-term holder of MOD. It is great to see that years of...

  1. 5 Posts.
    I am a long-term holder of MOD. It is great to see that years of faith is starting to be rewarded.
    However, I do get nervous when a company buys into another very cheaply and then puts a director on the board, for whatever the reason, and it always sounds very plausible.
    I remember MGO from some years ago. Buy in cheap, a director on board, eventual takeover, then a 1:100 consolidation. A nightmare for those that got caught.
    With MOD having about 1.9b shares, when will there be a consolidation?
    Or am I being unfairly nervous?
 
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Currently unlisted public company.

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