@ CK - Yes, Sprott's �9m (�10m??) of warrants at 6p is to help/fund MTR's future drill commitment (during 2019) upon us finding loads more paydirt acreage during this very campaign we started in May.
Rick Rule knows he hasn't got a prayer of getting that size of additional exposure to MTR at 6p on the right kind of news (this is AIM and he knows it!) so that's why the �4.5m he put in here at 3.0p last year had that attached to it.
Just an FYI for noobs fearing the "double digits" ramp from moi or others - go google Rick Rule/Sprott Global and see if you can find anyone better placed at valuing exploration prospects.
Nobody does due diligence better than Sprott Global and the 6p warrants tell you I'm not just giving it the big un on here, they're there for a reason and they're priced at 6p for a reason - he obviously expects to make a killing here if circumstances dictate that he takes those warrants on ...
PS: No, I don't mean 10.00p for multi-dome copper lol
Another new high on Copper right now - another $100m added to our NPV.
"Breakout" chart update dropped.
They're talking short-term (as alwayzzz) - I'm not but it's obviously going to depend on the news flow from here and there's going to be a lot of it during Blue June and beyond.
The imminent resource upgrade will confirm the expansion case I expect and cement in the new mid 2s SP base but it's the first drill results (end of June?) at the new underground domes that will give us the real lift here - no downside if they hit nothing but who knows on the upside if they hit proper paydirt.
It's a big campaign of c60 holes though so that drill newsflow will continue throughout the Summer and overlap with the first ever T20 Dome drill in late Summer which is why I'm not the least bit concerned about short-term moves here. That said, you're talking about 10-14 days per 500m hole so they may well have first sight on something already having started in Mid May - you just never know when that MOD trading halt may come ...
Bag mo Copper around T3 Dome(s) and down at T20 Dome and I want double-digits here for sure.
Plus anything else that should turn up in the meantime of course ;)
Take a seat and wait it out imo, let the "traders" do their thing in the meantime - most of the money you're seeing "traded" is actually late-comers who didn't see it coming at tuppence these past months.
Don't be fooled or mugged off at 2s by the "trades" - we've had MMs having to force the bid to collect shares on three occasions now in just the past few weeks. They're not stupid (but they're usually ITK, or at least their clients are) and they've got the big orders to fill and the reason they have to force the bid like that is because you lot aren't selling and time is running out so respect for that.
Everyone wants their first 8-10x bagger - this is how you do it.
Yup, beating last night's spike is the thing that should not be, it really is :)
That unusual hourly trading pattern I tweeted the other night really was a signal for something!
I suspect c$3.4 will provide a headwind at some point but as long as she stays above last night's $3.23 spike I'm pencilling in $3.7 - $4 for 2018.
FWIW, I've just notched my next pivot up to 4p here from 3.25p and I don't mean a top, I mean a bottom of the move that comes on proper news, i.e. c4p is the old c2.5p.
Sit on those hands and stay sat.
IMO
Remember where our old resistance line was - c2.5p - that's the new major support.
"I think this could form the base for a serious move upwards".
Doubtless the delayed buys will start showing up as "sells" around there at some point.
BTFD if it comes.
Yup, we're not close to knowing what all this could eventually be worth - there'll be MM games for sure (already doing it - NT shock) but don't get mugged off at 2s imo ...
Trust in Terry Grammer and Rick Rule ...
Remember, sit on your hands peeps and let it play out - this is just a load of icing on the cake but the cake is far from baked yet.
You may be right - having liquidity options is always a good thing - it would also give the balance sheet a big boost here and provide more tangible/immediate upside to the SP here via MOD's SP movements and there's plenty of imminent news there as we know.
Copper is back at $3.20+ BTW :D
By the time this exploration is all over, there could be a 10-digit deal on the table for a major(s) to take the lot, MTR, MOD, Cupric in one massive strategic move away from the horrors of the DRC, SA and Indonesia ...
So we've got a pincer movement on both sides of Cupric Canyon's land along strike now :)
And another chunk to the West of T14 is that?
Like we didn't already have enough to go at - exciting eh?! :)