MDA 0.00% 5.2¢ modena resources limited

Hi AllSome here are questioning why the sp has been heading...

  1. 4,962 Posts.
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    Hi All

    Some here are questioning why the sp has been heading up.

    What I encourage everyone to do is firstly ring the company. You will notice an immediate difference.

    Also, regarding the recent board changes. Just take the time to look at the profiles these 2 guys bring to the company. Look at the firepower from their roots and then add that to what we understand as being very good assets with 50 mill in reserves together with assets that were 20 mill or so to buy when purchased a year and a bit ago.

    At 4c our market cap is only 11mill and was only 6-7 mill a few days ago. If you don;t rhink thats undervalued then you shouldnt be investing.

    The shares will not be issued until October after the meeting so there is no new shares tradeable. The register is getting very tight.

    Will they need more capital - yes absolutely becuase we are a exploration and production company plus they have to fix up the the lack of current cash.

    We have cleaned the deck - out with the old and in with the new. This is the start of it all punters. This is ground floor.

    Just remember this is only 0.008c in the old language when it was as high 3c so we are only catching up to where we should be.

    I continue to buy more and did today.
 
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Currently unlisted public company.

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