Member Info for bonker99

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

I'm very happy to let em roll off the RSI a little pre-news - who knows where this could be next week.

Interesting grey trades too.

Interesting :) Tell me we don't have an II buyer here :)

2.7s looks decent imo if you've been waiting on the sidelines and want to pick some up pre-news.

That would explain everything since Blue Friday six or so weeks ago - why wouldn't they snaffle up the arbitrage value at MTR while it's on offer if they're so committed to MOD anyway?

Actually, yes, they have, kinda - there's a video on youtube by @MiningBookGuy that I only caught by chance on the weekend during my further research where he refers to a list by @PamplonaTrader at around 6:00 that contains SOLG, MARL and ARS (boy did those move!) and wonders why Pamplona hadn't picked up on MOD but it's worth watching the whole thing as he made it in March 2017 just prior to Sprott loading up at 3p in April. Also note his comparison to the Central African/Zambian/DRC Copper belt at around 11:00 where some of the world's biggest copper mines are located. We don't have their grades (yet) but in comparison to possible overall size (eventually) the market may start pricing that in going forward on the right news here which was my main point in last night's post in terms of *possible* upside here. https://www.youtube.com/watch?v=U0q0c7WyLlY PS: There's also a funny in there where he disses this site as being (over) trading obsessed lol

Who knows on the exact timing of a news drop - we've been told to expect stuff in June and we're over halfway through that so it wouldn't come as a complete surprise to see something drop tonight but if not then doubtless they'll try and roll her off a tenth or two again tomorrow but that volume says to stand your ground if they do imo.

All eyes on MOD tonight!

Blimey!

Only limit orders/FoKs let you in when they block the buying like this - if people won't sell then it's the only weapon they've got left.

Well they're NTing it as per to try and stop that but I'm rounding up from there anyway lol This buying is relentless, it's really quite something :)

@ Fierce - it's just my read mate but I suspect you've got the tail/dog the wrong way around there.

Well that MO of slicing/exiting out of one play to fund the next play is right up MTR's alley of course (mine too) so that wouldn't be a surprise to see over and above any drill-releated stuff but it's an impossible read of course, unless you think this prodiguous buying of the last month+ suggests just that ...

Hey - well that's what I aim to do but I can't know what will/won't happen on any given pivot of course but that's nice to hear anyway :) As an aside, those who've bothered to read at least any research here (that'll be the 1% of course lol) will know that the low 3s pivot is where Rick Rule ploughed in £4.5m at 3.0p in April last year on the basis of this possibly ending up as a Tier 1 copper resource somewhere down the line. Well we're a year+ down the line now and perhaps Rick is about to be proven right (shock) in terms of money-in-the-bank at the 3p level but he'll have his eyes on a way higher valuation than that of course, hence his £10m in warrants at 6p in case this proper blows up. It's a great example of how pros work - look at the likely value going forward and take the opportunity while you still can. I bet he couldn't buy £4.5m worth at 3.0p now lol but he's got em tucked away nicely whilst the "market" p*ssed about with the SP in the interim period but he's one of the top boys at the World's most successful resource fund so go figure if he's nailed this £Large.

Afternoon - well this inching higher aspect has been a feature of this rise for the last month+ so I wouldn't be surprised if many have completely missed it from tuppence :) As I've said on a number of occasions during that time, the buying and lack of selling has been marked, with a few very obvious sizeable bid buys to feed the pros and keep the RSI under control of course. On a very short-term view (i.e. daily) 2.80p is quite a pivot so I wouldn't be surprised to see the MMs try and wobble her around here. As I said the other day though, this upper 2s/low 3s area is really special imo and it's brute force buying that's moved her to here and we have to bear in mind that while the KML 50% buy in to another 4k sq km of land is really nice to hear, we haven't yet had any hard news to really move the SP and make current price levels "bankable" but that news is expected/hoped for sometime real soon so it would seem that someone, somewhere thinks that news could indeed be pivot-breaking, hence the buying/selling ratio during that period.

I'm like on the floor curled up with laughter at that mate :D

Only cos you've not got The Eye mate ;) It'll become quite simple when 3p goes.