Member Info for bonker99

Morning Tigers :)

I can guarantee you that if they think they're onto something at A4, and they do, then as I said the other day they will most definitely be looking to put a couple or three more holes into it to get a better feel for what they're onto, both visibly and fully assayed.

I also said Julian Hanna (and MTR!) know how to time news and JH isn't, IMO, about to rock up to that OZ gig on the 6th of August with nothing to shout about :)

We could very well get news Sunday night on more holes and/or assays but if not then I would strongly suspect it'll be no more than a few days away from now. If we get a trading halt on Sunday night then it's going to get "volatile" in here on Monday :)

Yes, as noted recently, there could be a run of trading halts from here ala 2016.

MOD ANN:

ASX Waiver of LR10.1 Granted

MOD Resources Limited (ASX: MOD) ("Company") is pleased to announce that ASX Limited has granted
the Company a waiver from ASX Listing Rule 10.1, representing an important condition precedent to the
transaction with Metal Tiger Plc (“MTR”) to consolidate 100% ownership of the T3 Project, including rights
to acquire all other JV exploration assets, as announced on 18 July 2018.

https://hotcopper.com.au/data/announcements/ASX/6A892346_MOD.pdf

One box ticked :)

Yup, I have no doubt whatsoever that this will be the biggest win of my 8-year trading career.

WHEN this kicks off on news I can see an insane scramble to try and get in below 4p and nobody on the retail side of things (that's you reading this BTW!) will get a sniff as non-retail orders will be filled first, possibly on a gap-up to/over the all-time breakout line of 3.25p on the chart to setup initial targets of 5s/8s/12s.

As 162 points out, the valuation of T3 to us (already terrific) via that big MOD equity swap will balloon on ANY new discovery during this monster drill campaign but will also improve the already very impressive economic viability of T3 (60mt @ 1% Copper, $400-500m NPV, 38%+ IRR).

If A4 assays come in as comparable to, or better, than those seen at T3 on its initial discovery (52m @ 2%) then you may see those, initial, upper TA targets a lot sooner than you ever thought possible :)

Re the Poker analogy the other day - we've got this far, virtually certain c5p in the bank, on just one card but we'll get ten cards in total and although we haven't seen their value yet, they're ALL additive to what we already have in the bank.

As revealed the other day, I've got 100% of my SIPP in this - I can't make my confidence here any clearer than that.

Dude, seriously, when I think of Amazon's trajectory all I see is SkyNet :)

Not THAT cloud mate :)

Not that you can keep eff all secret anymore on the internet anyway but the AWS deal with the NSA etc?

No wonder it's half their rev ...

AWS revenue is jaw-dropping.

With my tin hat on, I have to say somewhat disconcerting too ...

Wel that worked well - try this :)

https://tinyurl.com/y8xvkz6x

@ kickboxer - Yes, we're doomed lolz

Turning northern Botswana *back* into a giant lake more accurately mate - millions of years of lake bed deposits (courtesy of the Angolan river feed to the North) is what gave us the few metres of calcrete cover that stopped our Copper being pillaged already! :)

BTW, for those of you who haven't seen my pinned tweet - here's our acreage:

https://www.google.co.uk/maps/@-21.1116837,22.7574809,137070m/data=!3m1!1e3

Lake Ngami to the NE is adjacent to Cupric Canyon's plot, replete with the Boseto plant.

Our MOD JV c12.5k sq km of land extends, more or less, from the left-hand edge of Lake Ngami down to/wards Ghanzi to the SE (T20 Dome Complex a few miles to the NE of there).

One part of the new KML JV land is directly adjacent to and NE of Cupric Canyon's land towards the river/road.

Misquoted lol

IF Amazon jumps +13% after hours it becomes the first $1T company :)

Amazon first $1T company ever +13% after hours - 2Q Net Sales $52.9B, Est. $53.35B.

It's coming ;)

A "cold" shower coming up for me right now I think mate :)

UKOG was north of £200m at 10p or so mate - great if you can both pump it up and short it back down to a penny for the next "placing" package. Say, talking of yachts ...

There's another one about at the mo at that kinda cap, they're rolling her off now to £Oblivion of course. Somewhat ironically, that one is the biggest winner in my virtual PF but a chart is just a chart of course, I can't help it if they're made of tweets and not a balance sheet :/

Note to self: Don't simultaneously complain about the heat and then suggest the only way we don't make an absolute fortune for ourselves here is via global warming!

Evening :)

That snooze didn't do me any favours, I feel proper ropey - could it get any hotter?!

@ Zan - It'll be a flotilla I think mate, I'll be there in me canoe perhaps lol though I've got a Jersey-based banker friend in here and he's got a proper boat - a quick blast across the water for a pee-up extraordinaire on the Normandy coast when our yachts come in hopefully :)

20p party?

Well the terrific thing post-JV restructure is that we can all pencil in viable upper targets based on the new copper discoveries as they start to roll in during H2. T3 is the model at a BASE valuation of 3p or so to MTR and we've got 10 (ten) shots at replicating that during H2's big drill campaign so when, from a pure TA-only perspective, I can justify up to 25-30p you can see how upper bounds of charts and the fundamentals can tie up nicely and it's not a coincidence - it never is on real companies of course.

It's not the same with a classic AIM 10-14x Pump & Dump where you've got no balance sheet, more often than not ala CTAG/UKOG amongst scores of others so that's why this is such a great opportunity because while these comedy gift prices last, your chance of losing money are as close to nil as you'll ever get on the stock market - everything below 5p here really is free money barring the Kalahari Copper Belt becoming a giant lake again due to global warming.

They were always here mate - I said a little while back that anyone trying to pull this down would be met on the other side ...

That's partly why I also ducked the guy who asked me about the "2% PI gap" should MTR be met with a T/O offer for themselves (yes, MTR, not MOD) the other week - there are some very, very wealthy people holding HUGE amounts of shares here.

Hello £Fella! :)

Right, I'm melting, time for a long overdue siesta for moi, I'm supposed to be on holiday :)

Thanks, I guess :)

Tickups can and do help ;)

10 mate :)

We could be just one day's trading away from everyone else desperately trying to get in under 4/5p mate.

FYI, I just burned my nose sparking one up ffs - it's gotta be an omen lol

No but they may get their 15p.

RNS - TR1 confirmation of the Chairman's > 3% holding.