Member Info for bonker99

Morning. I've already spent it mate ;) A nice busy start - a couple of comedy "big sells" as per but it's all good :) Make hay.

If you think they're taking you for a ride and after your shares then imo c1.6p is the red line - GLA.

I've got ya backs peeps :) https://www.asx.com.au/asxpdf/20180618/pdf/43vv3ct9nn4hv5.pdf

Evening. Excited anticipation abounds :) A bit tardy with my regular weekend summing up post but here goes: That (substantial by all accounts) resource upgrade is "imminent" and I would presume that very regular drill results are what we should be expecting over the next few months. Who knows on a JV deal, any time within the next 12 hours to 12 months - only time will tell there but upcoming drill results may make that the mere icing on the cake anyway even though it will likely book very many millions onto the balance sheet overnight. The more astute of you will have noted our c5p fair value valuation here based on the JV arbitrage and cash/assets position as outlined in the blog and also wondered why I've got dashed resistance lines (acknowledged resistance pivots but probably relatively weak resistance) at c3p and c4p but a solid resistance/pivot line at 5p on my chart. The answer to that of course is because of the fundamental valuation of this company via it's cash and assets and (currently) "invisible" arbitrage via the JV. FWIW, I read 5s as a given here over whatever timescale, it's just going-to-happen. The only way it doesn't happen is if copper plummets to $2 again over the next couple of years (in a pig's eye!). That's our base-case read here. What PIs need to be aware of, however, is what happens if/when that c5p price is beaten and, especially, if that price becomes the new bottom based on news that suggests that valuation is "bankable" (as 2p was). In that scenario then the upper targets for those in at 2s (and especially the faithful holding 2.0p averages for the last year!) start to become spectacular with double-digits most likely - eventually - imo. What I'm hoping for on the fundy side of things is that MOD are currently in the process of firming up the belief in the wider marketplace that little old £30m mcap MTR now hold significant exposure to 16k sq km (FFS!!) on phenomenally prospective land that may just turn out to be an analog to the Central African/Zambian Copper Belt, in size, if not in outright grades. If that turns out to be the case, and you only ever know that after it's happened of course, then you have to start thinking in terms of tens of pennies here. We've done our very best to try and highlight this opportunity to people at 2s over the last year or so and I'm very hopeful that we're all about to see something amazing start to unfold over the coming months. I say that not just because of the big financial win we'll all enjoy but for the Botswana people too. If the Kalahari Copper Belt shows its got the ability to produce Tier 1 assets then it will be tranformational for those people and I hope it comes off for them as much as us. Botswana is a terrific mining jurisdiction with none of the horrors of the DRC/SA/Indonesia et al and I know they're keen to diversify from diamonds so fingers crossed for ALL concerned.

@ MM - No intention from me to put anyone in their place, I'm not interested in that sort of thing, this site is hardly condusive to quality discourse or research as the "content" is driven by the wider industry that gets paid to fleece you. My own trading experience got a whole lot better when I ditched it completely and went my own way. Whatever's coming here will arrive soon enough, all that's been happening recently is the positioning for that eventuality whatever it is but it shouldn't be "trading" like this if the outcome is still up in the air imo - technically the "market" has priced in both options up/down as it always does but the way it's been moved reeks to moi. @ guzz - Yes and yes lol, I've no idea which way it's going but I'm pretty sure someone does. A feint to throw PIs out after they've held on for so long ahead of game-changing news? Maybe, maybe not, only time will tell :) @ 328 - GL :)

I've got more experience trading via TA than most and, despite some pretty decent calls myself here over the last six months, I wouldn't dare suggest what's about to happen to the SP going forward here because this is bouncing around between major pivots in a nonsensical and 100% manipulated manner. The only thing I would suggest here is that whatever news is upcoming is almost certainly known about elsewhere, hence the recent price action. On paper, the short-term chart looks dreadful but for all I/we know, that's been done on purpose to shake people out ahead of stellar news that launches this well north of the prior 4s highs. I've done enough TA in my time to have a pretty decent idea when something isn't trading naturally and that's for sure the case here and in those circumstances it's only the news flow that will dictate what happens. As things stand, everything between 0.3p and double-digit pennies is on offer from a TA perspective - an utterly impossible call on TA alone, totally unreadable because of how its "traded". GL in here for you guys and gals because it's been a long wait and I hope it goes the right way for you.

Afternoon. The trade wars is just chaff and flares for consumption by MSM and PIs. The reailty of what's going on behind the scenes, such as JPM owning the PMs market and the long term plan for the Dollar, is some way from being fully realised but we're probably 3/4 of the way through it by now. We're in a period of big FX/bonds manipulation and that too will be part of the real picture we all eventually wake up to one morning/evening. Back in the day, as some of you will know, some Yanks tried to corner the silver market and had their butts handed to them but that's when the likes of the SEC/FCA and governments still had a say. They don't anymore of course and there most certainly will not be any intervention into the manipulation as it'll be deemed of "national security" importance. When the real players ("bankers", in/visible 1%) have shifted enough of their assets/money into the right places (West > East for starters, much of it via USD/JPY I shouldn't wonder) then we'll start to see the real picture but that could be a while away yet and I can well imagine that the coming years may be amongst the most volatile many will ever have seen as the financial tectonic plates shift towards that new reality in jerking swings. QE ended 6-9 months ago and that was the end of the (very long) beginning of course and everything that's followed since will be to further their main objective following the big Pump. The Dump will show itself over time whilst this humongous cycle plays out and will be overlapped by the new PMs up-cycle. The manipulation that sent gold up to c$2k some years ago was the preface to the indices pump and helped fund everything that's followed whilst marking future targets for the second PMs pump when they're ready. Until then they'll carry on doing what they're doing but it WILL end/reverse at some point and none of us will be in any doubt as to when it does. Someone, somewhere will simply throw the switch and that will be that. It's well known that the Yanks refuse to let Fort Knox be audited - there's only two possible reasons for that: A/ The gold has gone, including that of other countries B/ There's now so much gold there, having been bought in recent years whilst the price was held down by paper manipulation, that they can't even get the doors open anymore I'm minded to go with B/ because it makes a lot of sense if you think it's over for the Dollar, eventually. I'm too old to see it I would think but when this, finally, plays out I'd expect anyone born now to see $4k+ gold (or equivalent in whatever currency - beat then hold c$1,600 is game-on) along with the end of the Dollar's reserve currency. There's going to be a real run on the Dollar at some point (pre-planned of course) and the World can't trade on that basis so that will be that. Russia dumped something like $40b Dollars in April sending yields flying - they're not stupid.

Morning. For noobs that's well worth watching all the way through as Julian hanna covers the full history of the acreage, DML, Cupric, MTR's first investment that kicked it all off and the T3 project from the beginning of the video. The take-home message for me from that content is just how rare it is for any one company, certainly tiddlers like MOD and MTR, to hold such a huge amount of only partially explored land, it really doesn't happen and, in fact, may literally be unique in the world on a known copper belt/district. If you're interested in this but haven't dived in yet then I can't recommend that full video enough as it really encapsulates everything you need to know here but feel free to add our take on MTR's own particular position and the opportunity here by googling "MTRBlog". PS: Note that Cupric's stellar Zone 5 deposit is an underground mine :)

Someone defo does not wanna be out of this over the weekend!

#BTFD ;)

Anyone else being quoted above the mid for a hefty dummy sell? There's pressure here ...

Very chunky! Tell me it ain't going to kick off here real soon :)

Chunky trades :)

I've no idea but someone just took the wrong side of that move that's for sure lol

Not off the back of those US auto productrion numbers it ain't - what a dive!

board in town without doubt but if the 9-bob note hat fits ...

Much like >2.4-2.6p was the first breakout signal, 2.9-3.2 is the next pivotal range to overcome and it won't do it without news imo but when it does I'll be shifting my 5s target from indicated to measured and my c8p shout from inferred to indicated ;)

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Not yet but everything below 2.9p is load-up territory before the whistle blows imo.

There's five clocks (drills) ticking down in Botswana pulling a new 500m hole every 2-3 days - for all we know it's a champers and high fives-arama down there right now :)