Member Info for Bolgas

Excellent price to start accumulating, personally adding as we sail downwards, not quite sure why this has dropped as much as it has, however it does offer a great opportunity and given recent new highs set I would anticipate over the coming 12 months for that to be surpassed.

Banking on a bagger or more from here in less then 12 months, not a bad return if I’m right of course.

This has been an excellent stock over the years for me, our CEO is one of the best who’s going about things superbly.

GLA

First batch 5 year period, the second batch 3 year period. For a reason? Thoughts?

Be our Sprout can’t wait for Sunday lunch lol

Not a clever one.

What makes me laugh with those comments is why would sprott, the worlds most successful resource investor increase holding in open market if there was such uncertainty.

Besides it’s Botswana who want diversify their mining, pull the plug here bang goes that aspiration as all exploration will have funding pulled. They are a very safe jurisdiction for mining.

Batman appears naked after shining a bright light, shaggy bears his arse (just as you like them) and you’ll be posting all day and night in-between you obtaining more tissues.

On the other hand Cupric canyon had no issues, just like many othe mining company’s our hugely successful BoD have been involved with over many many years.

Discovery at T20 will be a huge driver, imo.

Q1 2019 does look tasty though, as does Q2.

Pays your money, takes your chances.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
1. Progress the T3 Feasibility study including the Environmental and Social Impact Assessment.
2. Progress the regional drilling program for the T3 Expansion Project and T20 Dome
3. Continue to build on strong community relations

6 Months:
1. Complete the Feasibility Study and apply for a mining licence for the T3 Project
2. Commence and complete resource drilling and scoping studies where regional drilling has been successful.
3. Continue to build on strong community relations

Surprised we are talking about another fund raise after getting some £6 million in the coffers, that’s a hefty amount that will help us progress on many fronts. Our two JV’s will need plenty of cash over coming months if we are to realise potential.

If there should be any words it would be more appropriate to say the BoD have to provide value for those who participated in that fund raiser, that includes all holders today at these low levels. They have the assets and now the funds to expedite drilling, surveys etc etc that should prove up additional resources.

Further finds will enhance share value, todays price is quite normal, most large fund raisers result in a fall of around 30% with a period of consolidation with then a sentiment drive before anticipated news. Likes of SXX has exactly same with a very large fund raise, many others in addition.

Part and parcel of investing, it does offer a fantastic opportunity to add more in this quiet period, we know from MOD’s upcoming presentation and what I posted last night that I’m coming quarter we will have T20 as a priority.

Hopefully an excellent Christmas present for all, a well deserved one at that. In the meantime switch off to the noise and concentrate on researching what’s coming up.

Place to be Forest, remember this post?

Tender Notice Type:PrequalificationCountry :Botswana
Tender Category:Infrastructure and construction , Minerals and Mining
Description:Drilling Companies For Inclusion In Tshukudu Metals Botswana-supplier Database
Action Deadline:13 Sep 2018
View Tender Details:View Details

https://t.co/XxJ8tn9pjB

As they already have 6 drilling at A4 I wonder what they require additional rigs for?

Lock and load.

From HotCopper:-

The MOD team are in London just now, building up to the compliance listing on the LSE towards the end of November.

Just before the 'float' MOD will attend a 121 Mining Investment Conference in London on 20/21st November.

Here's their intro for the conference: https://www.weare121.com/121mininginvestment-london/client/mod-resources/
MOD Resources
Website: www.modresources.com.au
Primary ticker: ASX:MOD
Stage of development: Exploration
Primary minerals: Copper, Silver
Project to promote: Botswana Copper Project – T3
Live financials

MOD Resources Limited is an Australian listed company exploring and developing an ~11,518km2 licence holding in the central Kalahari Copper Belt. MOD will own 100% of the T3 Copper Project in Q4 2018 following completion of a transaction with its JV partner. MOD announced an expanded 60Mt Resource in July 2018 which contains 590kt copper and 27Mozsilver. The Company is planning to complete a feasibility study for the T3 Project in March 2019 which will include an estimated 12 year open pit mine and 3Mtpa processing plant.

just look at the NPF contact on page 4, not sure how to scale that is but we could be sitting on one of the largest discoveries for years if commercial. As those assay results come in share price might not increase on those days but slowly market will realise what’s on offer and all of a sudden a rerate occurs.

http://www.modresources.com.au/sites/default/files/asx-announcements/6902742.pdf

Just look at Cupric canyons resource, not sure how t scale that is but shows what potential there is here, get it right now, then full throttle with them turbo chargers.

It’s all about district scale for T3, it would be better for all once A4 is firmed up that they double/treble the amount of drill rigs on site, faster they drill greater investor returns. That would be the nitro boost needed. Not to mention another company to turn around the assays!

Increase in MOD’s share price will increase our valuation purely based on our shareholding.

MOD’s share price is crazy over in Aus, London listing will enable a rook of investors who cannot invest directly into Aus market today, possibly some large II investments.

Further I suspect they need funds soon enough, raising at such a discount to NAV will be something they will be desperate to avoid, hence they need news that could see them rise at a premium.

It’ll be all good publicity for both companies, specially if we get a drill in progress with KML that I’m sure we will around similar time.

Plus KML JV, we are overdue news here and I expect drilling around Christmas/early New Year.

That will be a major driver.

Bonks, not doubting your motive I know what you have in this stock, unlike others who say stuff I know from past history you are one of the honest traders who post.

Think we are all disappointed with the turbo chargers that seem be in reverse right now, I was highly critical at one stage. That said it appears to me they are more concentrating on this NPF contact within T3 dome, significant results thus far and I imagine they have a good indication from A9 (that’s the one we outstanding?) with regards same contact.

It makes perfect sense to get a better feel what potential is before ploughing ahead drilling all other targets within T3, quite simply if it isn’t commercial under A4 then we save a roll of time on other domes and more importantly money.

Whilst they sort out the complexity of T3, I actually believe the NPF will be commercial but we wait and see, MOD are moving as fast as possible to drill other targets, namely T4 and T23. They need this as their share price is really lagging behind what it’s actual value is, get this drilled and results pot just following London listing and they will be set for any fund raise via London at a much more realistic price then it’s showing today.

Who knows they may wait for DFS, get another couple targets within T3 done by April.

Key drivers short term will be new domes outside of T3, any resource given on underground etc but also anything they can give to market on this NPF contact, I’d hope for something on that before next tax year. Given the scope and potential underneath this could be a major catalyst to a new base.

Share price action is really a result of placing, get that flushed out with news on horizon (expecting something befor Christmas myself) back into 3’s for news. This time around we are fully funded, time for holders to reap some rewards.

All imo.

The T20 Dome Complex is a ~2,000km2 area 80km west of the T3 Dome Complex which hosts MOD’s T3 development project and forms part of the extensive regional holdings in the central Kalahari Copper Belt in Botswana held by MOD (70%) and JV partner, Metal Tiger Plc (30%) (AIM-MTR).

Diamond core drilling is planned for Q4 with drilling initially targeting the T4 copper prospect and T23 Dome. Significant copper mineralisation was intersected with shallow RC drilling at T4 prior to the discovery of T3, including an intersection of 2m @ 6% Cu and 111g/t Ag from 101m depth (announced 1 April 2016).

Further soil sampling and airborne EM survey data covering T4 (announced 16 April 2018) has proved very effective in defining a distinctive conductive structure that may be associated with a strong 5-6km long copper soil anomaly at T4 (Figure 2). This EM structure appears to extend through the interpreted T23 Dome, 15km west of T4.

Quiet ones are always the best imo, nicely rising in the background going unnoticed.

Bonks, you can’t be serious with that post, there’s lots coming up that will shift this price, sure it’s been slow but they are going about this perfectly well and ensuring monies spent are done so with investors interest at the forefront.

To name a few:

- T3 underground
- T1 underground
- T20 domes
- KML licence, should have targets confirmed and drilling commence around Christmas imo
- T3 more domes to commence drilling
- A4 Dome resource estimate
- Indication of NPF contact zone, hopefully something on this.

Can’t see above all being held back so a few small fry investors can save a few grand on an ISA. If they go at this slow suggested pace it’ll be 2040 by the time they any idea what they have.

Besides a share can move for absolutely no logical reason.

Personally can see this trading back in 3’s by year end, but all speculation. Place your bets.

Joe is aware completely that there was zero reason for what he’s posted, mining licence isn’t to be applied for until H1 2019. All is going fine, just not the entry price it appears:

“The FS report is on target to be delivered by the end of March 2019. In addition, the Environmental and Social Impact Assessment (ESIA) is already well advanced and the detailed ESIA report is expected to be submitted to the Department of Environmental Affairs (DEA) in Q4 2018,” he continued.

The ESIA, which runs in parallel with the FS, requires approval from DEA and is also subject to a public review period. Completion of the FS and approval of the ESIA are required ahead of applying for a mining license for the T3 Project, which is anticipated in H1 2019.”

Joe,

How do you get ARS being an AIM darling? It’s had a persistent seller for months, cash run dry and not exactly in a mining friendly zone.

If you thought that was a darling of aim then you are mistaken. As for your arrival tonight spouting what is nothing short of attempting scare PI’s for absolutely no reason is pretty poor form IMO.

Your true motive for posting is blantantly obvious.

To summarise Joe,

You thought you’d come and sh*t the life out of all holders following a bad day at the office for zero reason.

MOD are doing a grand job thus far, last RNS confirms all is progressing as expected, suggest people actually read this stuff in depth, part of learning curve:

Mine Infrastructure

· Botswana Power Corporation has commenced installation of infrastructure that will be used as part of the grid power line adjacent to the A3 Highway between Maun and Ghanzi, 12km from the T3 Project.

· T3 Project area 25km2 land acquisition agreement with farm finalised during Q2 2018. Acquired land is sufficient for, and will allow expansion capacity for, the open pit, process plant and associated mine infrastructure.

· Long term lease agreement executed with a farmer for a 100m wide strip of farmland to be used as an access road between the A3 highway and the T3 Project. This will be used to service the mine with enough space to accommodate the planned grid power spur line.

There’s much more there, nothing strikes me as an issue, more like price today has been pulled down to sift out weak holders whilst big players fill their boots.