Member Info for bonker99

Copper @ $2.70 BTW.

Well that's the other aspect to it isn't it - Sprott get additional exposure to the new KML 50% JV as well as the MOD JV by buying MTR rather than just MOD directly.

A payday early in 2019 courtesy of MOD could fund a lorra exploration/development at KML of course.

Just to join up my thinking re that last post and the one earlier in the day - I'm thinking that perhaps MTR know they're going to get £PAID sometime soon (whatever soon means) hence they're comfortable in limiting the cash they took on in the placing because they know it's all they need for both the MOD and KML JVs ahead of a major monetisation event occuring.

MOD DFS in Q1 2019 encompassing T3 and a fully drilled/scoped A4 Dome with MTR getting paid for MOD to take 100% of A4 Dome from us as they did T3?

Is that the play?

Indeed but Sprott have always been able to buy on-market (presumably) so why have they chosen now and just after the recent 2.8p placing?

Is there an inference here that they wanted more in the placing but MTR limited them to avoid too much dilution hence Sprott going to market instead?

If so, that suggests to me that MTR consider themselves in a very strong position indeed if they're refusing more dilutive money at this stage/time in the game and from no less than Sprott to boot.

Regardless, 16.41% is obviously a really sizeable stake in MTR however it shook out and, perhaps, they're still buying?

When you see BHP buying into SOLG and Sprott doing what they've announced today at MTR then you've gotta be thinking that more big money Copper M&A moves are on the horizon in plays like these.

That MOD LSE listing in a month or two was already fascinating to me but it just nothced up a few levels in terms of being a big green flag re what could be dropping before year end imo.

If they're buying on-market now does that suggest that they know the money side of things is now sorted for the very forseeable?

It's an extraodinarily interesting time for them to be sponging up shares on-market ahead of MOD's LSE float before year end. We speculated recently that perhaps MOD were going to see a large injection of cash as part of that listing recently, perhaps that is indeed the case?

I can't help but think that Sprott are giving the nod that everything has been squared away behind the scenes here to take us onto the big win? MTR Chairman taking £150k of shares at upper 2s very recently too?

Are we all staring the gift horse in the mouth here at mid 2s?

Rick Rule obviously thinks so ...

+101k and +106k @ 2.42p for moi.

Well the vote is tomorrow so who knows, maybe there's some game-changing stuff to drop afterwards including/re the main LSE listing??

Don't forget A4 Dome hole #8 assays too which should be close?

That was my immediate thought too - MOD news???

I guess we're going with (very) delayed buys mate :)

Blimey, that really is a big chunk - did they Bear Trap the market? :)

Nice to see regardless!

These whopping trades keep coming through - thoughts?

There's quite a few people yawning at the mo :)

Still plenty of buyers too though ;)

Morning.

Yup, I must admit that I hadn't focused much on the purety of MOD's Copper before the Arden Partners note the other day which put it on my radar and interesting to see that guy pick up on it too.

If the low grade Copper coming out of the big but old mines is becoming dirtier over time from a resource grade as low as 0.37% and the likes of MOD are pulling out very high purety Copper from a resource with grades at 2.5-4x the big old mines then you've gotta be onto a winner eventually surely?

:)

Morning.

Another whopping trade then - hard to believe that's anything but a buy at this level.

Really nice climb from the big $2.55 pivot so far - fingers crossed it's onwards and (very) upwards from here for Copper into 2019 when we should really start to see some action imo.

US said to be blinking in China trade war - Copper spiking.

Famous last words no doubt but to my eye there's a bit of money coming back into the market across the board today.

Pretty spiffing pivot at 2.45p mate but there's always hope :)

They can smell the Copper mate :)