Member Info for bonker99

We spotted the roses a year ago when we created the blog lol

Horrendous delay on drill permissions since then but they're drilling from mid-May on at least eight major new targets (60 holes) over the next few months - good news on *any* of those targets changes the game and (IIRC) a resource upgrade to >=40mt ensures the Expansion Case @ $400m NPV @ $3 Copper ($800m @ $4 Copper).

>=60mt lifts the whole project to Tier 2 - T/O territory for a major - with 11k sq km yet to explore.

Sprott on board in MTR at 3p last year, LIM (HK) buying up the JV partner MOD, no cash needed for exploration in 2018 for either MOD or MTR.

Serious buying from the 2p warrants (all gone now) price in the past six weeks - recent inability for the SP to drop back to mid 2s from the 3p pivot captures my attention I must say.

Trading? I like 5s/c8p on good news but maybe double-figures on really great news - with so much going on it's impossible to call upside in H2 imo.

Anyway, enough on that - it's worth a look imo :)

Gartman pmsl :)

Lower highs, lower lows for the Dollar imo mate but I'm talking about a multi-year read here, not the short term stuff of course - I think FX for the next five years will be all over the place as the BIG money shifts seats but they've gotta sell it all to retail first as always.

Just my read - I don't see how the US competes in the World with a strong currency and you've already got the Eastern hemisphere making very real moves away from trading with it. The last guy they could take out for doing such was Gaddafi. All the low hanging fruit's gone in that respect, they don't have the capability to take on countries backed directly by Russia/China so I'm calling a busted flush - eventually. Same read on oil BTW - will also become irrelevant over years/decades but it doesn't mean the short term price won't fly for the big offload.

The US needs a "Brexit" - hence the trade wars sabre rattling imo, they're desperate to tear it down and start again from a lower base, it's all but an official devaluation attempt imo :)

Google "MTRBlog" and see what you think yourself mate.

Timing looks proper ripe - MTR AGM tom, new month/quarter on Monday, resource upgrade and latest explo drill results expected any day.

I'm in up to my nuts to say the least so seek an unbiased appraisal elsewhere I'd suggest lol

Yup, mid 0.30s fo sho.

Only one way for the Dollar/inflation now IMO mate - look at the Russell 2000 these past months - small cap resource plays backed by cash and *cough* big exploration upside are where everyone should be piling in *cough*.

Y'all will have noticed plenty of blood around in the wider market in H1 (my own "virtual PF" of 175 trades dumped >5% in the past week!) yet *some* aren't dropping and have even risen during that same period.

Copper the biggest no-brainer play I've ever seen over the next five years be it that they will likely dick about with the short term price - they've gotta empty the warehouses for #OBOR and Trump's infrastructure plan of course but it won't last beyond 2018 imo..

PS: BTFD @ the Tiger.

IMO.

I know I remember it well - absolute shocker of a "company", a total 99-bob note.

+1

Nice from 0.13 ;)

That's pretty much where I'm at right now mate, that was new money yesterday :)

Morning.

Two (more) fat ladies would be nice :)

There must be something wrong with my psyche as I'm quite happy to "suffer" the wait for news as it allows me to keep adding as time goes by into an SP that seemingly refuses to drop whilst the wider market sinks around it :)

They've been drilling for six weeks and must have a good dozen holes or so by now you'd think. We were pointed to the end of June for a news drop for the resource upgrade and the MTR AGM is tomorrow with just three days trading left in June so, presumably, something(s) could drop at any minute.

I still see those remaining few days as an ideal top-up time but maybe that's just me - I won't get twitchy for another week I think and as I've said, the new Month/Quarter on Monday captures my interest :)

Not guilty :)

£2k at 14:20 or so

No, showing as buys :) Not that there are actually any sells here worth talking about - I expect we'll find out why presently - that 2.8p bucket is taking an awful lorra filling ........

I took a saw to the sofa and grabbed a few more this PM too :)

A (very) few more into the pot for moi, I'm like borrowing from friends now lol

Calm.

LIM, based in HK, are on record as being long term holders of MOD and willing to provide additional finance to production.

Julian Hanna, IIRC, has a Chinese smelter in mind for the offtake.

Morning.

I can't get dummy prices at those trades shown so I think our non-retail buyer is still around.

Don't get too wound up about something dropping pre-AGM imo although I must admit, that new month/quarter on Monday captures my imagination.

all :)

I see all our trades, bar the last one of the day, aren't showing on here but another good day of volume buying yesterday.

She's being held at 3p - for now - and you have to wonder why that is in the final week of June with, presumably, a very high chance of seeing news this week given that the AGM is on Thursday and MOD suggested the back-end of June for their various news drops. A decent resource upgrade with those 34 outstanding assays to ensure the PFS Expansion Case of c$400m NPV @ $3 Copper and some more insightful drill news, hopefully across multiple domes targets, is on our wishlist of course :)

I'm still somewhat bemused by why there's been so much (chunky) buying at upper 2s recently (enough to make me top-up at 2.9p yesterday too) but perhaps we're about to find out why.

A really big pivot break north of Sprott's 3p entry level so fingers crossed for something dropping in the days/weeks ahead to make that so.

Everyone's money is good enough, wherever it's coming from :) These are chunky buys right underneath a critical SP pivot at c3p - this really isn't what you'd expect to see around here under "normal" conditions.

Money: HK Singapore London