Member Info for bonker99

@ matty - trust me mate when I tell you that your story is pretty typical, you've done no worse than the average PI starting out in this game and many blow up completely with the first few months :) I barracked some kid who was in UKOG at 7s cos he said his missus was begging him to sell the lot cos it was basically a new house for them with him having piled in at 1.5p but he'd got the proper dizzies because of the size of the win and couldn't make his mind up lol - no need to thank me kid ;) We've all been there mate - you've just gotta learn to cut your losses and bank your winners better to at least stem the bloodletting and then build from there. Almost every PI in this game is too impatient and unrealistic and listens to the utter sh**e spoken on this and other sites (much of it courtesy of the likes of Beaufort's crews of course) and that's their undoing. The simple fact of the matter is if you're doing 10% pa across your PF (you do have a PF, right?) then you're not only beating the market but you're trashing most of the "professional" fund managers out there to boot but it's when you want 100/200/300% in one hit (and in weeks to boot!) and you won't let go that you screw yourself :) It really isn't THAT hard to make money at this game, the difficult part is stopping your inner muppet from taking control (we all have one!). You've gotta force yourself to be disciplined and realistic about what your likely good outcome is over the longer term which is what should count, not what happens today/tomorrow/next week ... GL

@ tom - Google is your friend :) FWIW, every sentiment Rick Rule expresses here about bull/bear markets and how you need to pick the right stocks in these market conditions whilst leveraging serious synergy with the impending Copper shortfall and Dollar death in the coming year(s) mirrors my own views as I've espoused for some time recently. http://www.mining.com/web/rick-rule-on-uranium-early-means-wrong-unless/

There's loads of options in terms of deals being done and I'm not majorly bothered re the minutae of how it plays out. What does capture my attention is guys of the stature of Rick Rule of Sprott Global doing their due diligence (almost peerless in terms of quality/success rate history) nearly a year ago and throwing in the better part of �5m at 3p to take a big piece of MTR. There's nobody, and I mean nobody, out there who's going to point a finger at Rick Rule and tell him he's wrong about a given investment, here or elsewhere. The guy is on record as saying that some of his best wins have come after seeing his entry price halved until the true story unfolded in front of everyone some time later and he's had to endure a -40% discount on the SP here at one point due to the usual LSE nonsense but you have to see that as the opportunity window as we have imo. What's the measure of a Rick Rule "best win"? 20x baggers. Rick Rule sits at the Top Table in the global mining industry - who better to have in your corner should majors start sniffing around a possibly gigantic strategic move into Botswana copper in the coming year(s)? I mentioned recently that many of the biggest/best copper mines are in Chile (that's a geo-risk factor for the entire industry right there) and new finds are VERY thin on the ground. Moreover, from discovery to production is typically 5-7 years and we've gotten halfway there in less than two years. Production is less than two years away here and the resource is growing all the time with less than 1% of the massive 12,000 sq km acreage drilled. If you're a major on the lookout for a good quality/size resource and/or an II looking to get in early enough to make a killing with the same thoughts in mind in terms of the Botswana Kalahari Copper Belt becoming THE place to be in what's considered to be one of the safest/best mining jurisidictions in the world then you may well be looking to punt in here. Ultimately, if Rick Rule calls then everyone picks up - if this goes as well as we think/hope it may during this year and the Copper price plays nicely too (I'm *expecting* $4+ this year) then I don't think there's anyone better to help facilitate what could be a stellar deal for MTR in terms of their JV/equity stake - no pressure Rick lol Want more credibility? How about Aussie mining legend Terry Grammar - one of our NEDs - he's got *mutiple* micro cap-to-$billion mcap wins on his CV. Finally, and just from my TA/chart perspective, I think everything below 2.45p is basically free money here - it's a massive pivot to my techy eye but there are more much higher up of course. I'll be eating another hat if it doesn't turn out that way of course and that's just fine but for my own part, I've simply run out of money to buy any more here otherwise i would lol - what the rest of you do in terms of your own positions is up to you.

I do get the point but that's not how it works, at least not at this stage - if the results are good then they'll want to take advantage of that by the size of the placing/funding as much as the price it's done at. There are other motivations for a slightly-lower-than-it-could-be initial we've-cracked-it pricing (the de rigeur boot-filling before an SP boom) and that's pretty much the norm as we should all know by now elsewhere. The takeaway message, on the assumption that the rumoured A$20m funding is done via a placing at around 0.05c is true, is that the equity base of the company will expand and so will the valueof our 5.7% holding with it so we win regardless. If that's enough money (and it's a lot of money!) to get us through to the DFS towards the end of the year then I wouldn't be surprised to see the next funding to take her to production come in at around 0.12c+ but obviously there's a lorra drilling between now and then and it's perfectly possible that all these numbers (and the value of our stake there) get blown out of the water if they unearth the motherlode of Copper over the next six months ... The bottom's defo in here imo - let's see how we go ...

If MOD are playing it by the book then it would appear that they consider what's about to drop from them to be so potentially materially affecting to the SP that they need to halt trading in the stock the very moment the ink has dried on whatever deal(s) they've done. FYI, they halted trading on the initial T3 discovery too, not that I'm suggesting the latest news will be of that level of relative importance(??) :) That's how it's supposed to be done and re the other topic I've just posted about, this is how other exchanges roll, they actually have rules that are stuck to by the majority, not the 0.1% as in London. The ASX isn't exactly a shining beacon of purety no doubt but it beats London all day long although the TSX is head and shoulders above both as I understand it (which is why XEL had to depart from there about a year before they announced that legendary gone-to-zero eff-over to PIs cos it wouldn't have been allowed to play out that way over there where shareholders actually have some rights - in the UK you have none, zero, nothing). Anyway, I must get off that horse lol and get back to the topic at hand :) Clearly, MOD have bagged themselves some more dosh to (I assume) fund them through a yet-bigger/faster drilling campaign and, again, presumably, enough to get them all the way to the DFS later in the year. Quite what shape or size the deal(s) will take I've no bleeding idea at all but I suspect it may be quite substantial and may even involve multiple parties given the Indaba conference they did a month ago. Presumably it'll be a placing at a fixed price - I'm working on the assumption that it'll be at c$0.05c but I suppose it could be higher? Would be good for us if it was :) Whether it involves us or Sprott or other parties remains to be seen of course but we'll know soon enough :) As for our postulated JV/equity swap scenario - well, look, I'm nowhere near bright/experienced enough at this sort of thing to be able to recognise all of the inter-dependencies of the various moves that need to be made here for it all to unravel neatly so all I/we can do for now is play it by ear whilst recognising that MOD funding themselves to the hilt with new money can only be good news for us here in terms of our stake both as shareholders and JV partners - unless someone can come up with a -ve spin on it ? :)

Steady peeps - neither 162 or I have said that anything *will* happen or with whatever party's involvement. All we've done is openly speculate as to what kind of deal could be done and we like the benefits (to all concerned imo) of an equity/JV swap which books a ton of value onto our balance sheet and lets the miners do the mining without our direct involvement - we simply become a (probably very large indeed) shareholder of the company whilst people who are more suited to taking a resource company to production pick up the ball and run with it given that's what they do and not what we do. We're all about finding the undiscovered gems and making relatively fast/big cash out of it over months or a year or two, those other guys are a different animal and look at the 10-year picture so it's horses for courses as it should be imo. Clearly it works as an MO cos MTR have gone from �1/2m to �20m in just a few years time which is some doing by any measure - fingers crossed they're now at base zero again at �20m with that kind of multiplier on offer again in another few years time - it really could happen via Botswana copper alone ...

Mate, don't even get me started and you're goddam right about the tip of the iceberg - I'm an absolute nobody in this game, got no friends on the inside, or City mates or anything like that but I bet I could reel off half a dozen "broker" names off the top of my head that are complete and utter 9-bob notes and who have, just like Beaufort, been "censured" in the past by the "FCA" to zero effect. Right again about the US having to do the FCA's job for them. Honestly, the reputation the Yanks have for financial wrongdoing is of course well deserved but it pales, absolutely pales, compared to what goes on in London. You can't sell shares you don't own in the US, or do death-spiral (dilution) financing over there but you can do both of those here. In fact, those two items alone pretty much sum up all of AIM over the last decade, there are basically no other defining characteristics to it other than hapless PIs being screwed time and time again by the FCA-sanctioned BS. Can you even begin to imagine the total tonnage of "shares" over the last decade that Cantour Fitzgerald have "sold" before magically releasing a share price from their death-grip and seeing it fly sky high once they've stopped "selling" shares they never had? There's no price discovery at work in London for 99.9% of the time on small caps, none at all, it is NOT a market in the proper sense. NOMADs? Nothing more than bent lawyers with their "client" on one side of the bars and the "money" guys on the other setting up BS deals and openly flouting market regulations - does anyone take any TR1 seriously at all? Half of them are delivered three months after the fact (see SDX recently after another almighty CFEP brute-force offload) and nobody bats an eyelid at it, just a complete pass given from those who are supposed to be regulating things every time ... Why does it continue this way? Well simply because it can or because it has to - either the FCA are in in/direct cahoots with the fat guys on the Monaco yachts or it's simply "too big to fail", i.e. it's so rotten to the core that they daren't lift the lid on it cos it could end The City imo. Anyone wonder why Beaufort have been instantly liquidated for being "insolvent" (oh really .........) rather than being frogmarched down to the local CoL Police shop for a proper grilling? Way, way too many skeletons in closets - probably a square mile deep - for this to ever end imo.

That ain't the story mate - this is: https://t.co/npDPgjuhLL

C U 2s.

Hi mate. Again, I know not what's about to drop but it may well be that the already monumental drilling campaign that's underway is about to be accelerated yet further/quicker and, perhaps, we've got to expect this kinda thing on an ongoing basis as more and more attention is drawn to what may lie under our Qatar-sized exploration plot. This game is all about depth and width, hence them looking at an underground mine in addition to spreading their drills far and wide now to try and establish the size of the beast(s). The PFS is rock solid imo - C1 and AISC are both right on the money in terms of being competitive with the bigger/better copper mines out there but if you have size *as well* then that can really change things to the upside. I was toying with dropping in a comparison table of the world's best/biggest copper mines in last weekend's blog update (1,300+ views since Sunday btw - WOW!) but ran out of time but it showed that if you're big enough then as low a grade as 0.5% copper across your reserves can make you economically viable and I repeat, these were some of the world's biggest/best copper mines. Most of those are in Chile btw so there's another string to our Botswana bow - geo-risk - if someone farts in Chile then Copper could balloon upwards lol Grades are obviously important but size DOES matter in this game and that's what we need to establish throughout 2018. I think most people are as satisfied as they can be that this acreage is already economically viable and now the question to be answered is just how big it is and we'll know an awful lot more about that in the weeks/months to come fo sho ...

Well it's up to others whether they take a wait and see approach mate - I've no idea what's going to drop from MOD in terms of funding but it's hard to see that having a -ve effect on the SP here because it'll likely line everything up for 2018's ongoing and massive exploration drilling towards the DFS later in the year and remove any short-term doubts about more/new money being thrown at the asset which does appear to be happening. Anyway, for my own part, I dropped in another 350k @ 08:06 this morning - let those copper chips fall where they may ;) Fingers crossed that its popcorn time for us lot sooner rather than later :)

Yeah, ok, I shoulda read the fine print - when I say maybe three more trading days before a possible news bomb, it could actually just be today: REQUEST FOR TRADING HALT MOD Resources Limited (Company) requests a trading halt to be placed on the Company�s securities effective immediately pending an announcement regarding a capital raising for the major expansion of exploration along the T3 and T20 Domes. The Company requests the securities remain in a trading halt until the ***earlier of the announcement to the market*** or the commencement of trade on Tuesday, 6 March 2018. The Company is not aware of any reason why the trading halt should not be granted. So, they could drop it on Sunday night then ...

Just to cover that off - IF a JV/equity swap is what occurs and we end up with 24.99% of MOD then that would be worth around half my floated c�50m number at MOD's current $0.05c SP *but* I'm forward-looking here and I reckon MOD are going to see $0.12-13c this year then c$0.20c based on further drill finds and boy, there are a lorra drills turning here already - maybe even more when they get funded properly ... So, even at just the current lowly $0.05c MOD SP, we're talking about a new low SP floor here of 4p+ and with all the development of Botswana to unfold even further during the rest of the year while we sit with our feet up holding a huge c25% chunk of a 12,000 sq km Copper exploration plot with scores of identified targets on it already - prior to the latest AEM survery results coming in real soon ... You've seen how MTR have managed to multibag lots of other exploration plays this last year - why not in MOD too?

We can only guess at the numbers right now mate but I reckon we've already got c�50m of value locked up in Botswana - drop all that onto the balance sheet via an equity swap for our 30% JV stake (if it pans out that way) and there's +4p onto the SP overnight and all with a mere swipe of a pen. Note: We don't necessarily need to "sell" anything to send a rocket up the SP's harris, we simply need to get the embedded value from the JV booked as "cash" on our balance sheet. We've currently got just under �20m of cash + liquid assets to give us an mcap of c�22m - simply add another �40-50m (guessing obviously) onto the liquid assets part of that and our tuppence floor becomes a new 6p floor - yes? Y'all are remembering that Sprott have 10m warrants at 6p available to them I hope ..............

We're 30 days on from the Indaba conference now mate, or will be on *cough* Tuesday *cough* so plenty of people will have had time to do the pushing and shoving that you always get in these scenarios but with MOD's trading halt it would appear that at least part of the money side of the equation is completed and that may well be to our extraordinary benefit and overnight to boot. It could be Sprott again or it could be new money. We pointed to a future "monetisation event" in the MTR Blog from as far back as Summer 2017 and this may just be it, we'll have to wait and see. One thing I do know for sure is that there's a lorra, lorra mining money feeling rather nervous about what's going on in South Africa and the Congo right now. Can you imagine how much of that money rocked up at Indaba looking for a new/safer home in places like Botswana and preferably with a view to getting into one of 2018-2025's hottest tipped commodities in Copper? We've got the right asset in the right place at the right time imo ...

This is my shocked face.

Yup - BOD?

Unless my eyes deceive me, Allan Gray went UP across 10% last week?

Fed hiking rates? They've talked about 20 rate hikes these past three years mate and managed a handful - they're talking their (boss's) book like anyone else. The Dollar has to be killed imo to get inflation up and inflation is the final missing ingredient to get PMs moving up again - every other factor (risk) is there in spades and has been for years now - $1,500-1,600 gold this year imo. This could very well be back at 20s this year too imo dependent on further news of course but some of the recent "news" has clearly been used to "manage" this SP down to here ............... P'raps the BOD will finally weigh in with more than the comedy tuppence buys they've made so far on the way down from teens ...

I don't need much prodding to weigh into producing/value goldies right now mate ...