RE: Bring the 10 rigs on!15 May 2018 08:00
You're right mate, it's been a real drag and we'll have lost a lot of short-term traders along the way but you and I both know the sheer size of holdings here by the likes of you and I and others with a longer term view ala Rick Rule and who share his vision of just what this may become during 2018 (a genuine Tier 1 Copper deposit) - there's immeasureable potential here and no more new money needed this year.
Resource upgrade in a few weeks time, MOD's consolidation vote on the 30th May - who knows what may turn up ahead/as part of that in terms of "deals" ...
We've already got c�20m of arbitrage opportunity re our cash/liquid assets + our 30% JV stake in MOD so there's basically +2p "missing" from the MTR SP already but each time MOD bags from 4c, it adds another �20m/+2p to the arbitrage value.
The Chinese are obviously filling their boots down below, I'll be amazed if our City boyz are ignoring that arbitrage opportunity over here in MTR but Friday's 12m volume may well indicate that they're not and they blinked ...
All to play for here and I'm super excited re where this may end up soon :)
IIRC, first time around on the T3 discovery MOD suspended within a month of the drilling starting - that would be nice - could be an amazing Summer here :)