Member Info for taylot

This is AIM yes. But MOD are trading on the ASX and that is a different ball game. The news will be significant and very good IMO, they released the visuals of the first A4 drills straight to market. So why suspend for further updates?? Because they are significant and seriously price appreciative (a la initial T3 drill assay) Volume is good and has been for some time, for sure there are plenty of sellers taking their 20% but there are equally big buyers and they know what is coming. ATB.

Rampers will be here soon as well.. 100% in a day, rockets to the moon blah blah. Let’s keep it real peeps, been a really great BB of late with some good factual posts. Yes things could go pop with A4 assays but let’s leave the needless ramps to the pump and dumpers.

That’s sprott (not to be confused with sporty spice ;-) )

For my money they are just sells. Lots in at sub 2p (and ex directors have excersised a number of warrants...) and a 50% return isn’t to be sniffed at. BUT there is clearly a buyer/buyers, the volume has been very good for a while now so a serious base is being created at 3p (what sporty paid) A 50% return is nice but there is a real opportunity here to make a significant large returns and I am fully on board!!!! ATB.

Peeps should also remember duster spent 12months bashing on this BB day in day out in the aim of tricking people in to selling so he could load up (or his employer could) peeps should remember he has also been caught out numerous times talking absolute tosh on various issues. Peeps should also remember dribbles posting negative comments while advocating a “strong buy” itsadusters credibility - zero. I’ll stick to listening to what bonkers and 162 think thank rather than a city boy shyster who thinks he’s a mining guru.

Well RFC have a target of 3.6p.. absolute shambles lMO, I really don’t know what they bring to the table??? My personal targets are staggered, to make a little profit and then the rest which will be significant portion will remain for the long haul. MMc is on the path IMO to building a real big company and I envisage being a part of that. The right team is there, the timing looks to be good and it appears we have the assets to facilitate it. Can’t believe the price action today but all part of the game.. I wonder if the BoD are out of that closed period now...??? GLA.

I think its a fair point T. Its understandable peeps on this BB are wary tho, we have had to suffer regularly 3 or 4 absolute shysters for well over 12 months - two of which have now flipped their stance.

The deal is so complex it will take a while to fully understand all the different permutations. What I do know tho is the significant shareholders are happy with it. So all us paupers should be as well. ATB.

I think LG is entitled to his/her opinion and there are other i'm sure who feel similar. However LG take a step back.

You are assuming that the value of $26.6m is what MTR will sell the MOD equity for. It isn't. Likely scenario is this (numbers not accurate) - MOD hit further significant copper deposits and there SP rerates up to lets say $1.5-2 a share. MTR sell there 13m shares to lets say sprott and immediately take the free options to go back to 12.5%. MTR bank $20m (significant monetisation event) and retain 12.5% in MOD (now value $40m) OR (and i believe this is likely) a suitor is/has been found (hence the reason for the clause) and the T3 project is sold and MTR take 25% of the value. In addition to this,MTR retain there 30% holding of the remaining JV exploration areas plus they now have exposure to an additional 8.75% (12.5% of MOD 70%)

So effectively we have swapped the T3 pit project for the equity deal (which will end up being much more in value than the $26.6m advertised) PLUS the additional exposure to the exploration areas. Great deal IMO.

Exposure to other JV areas is actually higher as MTR own 12.5% of MODs 70%. Thanks for all your hard work 162 appreciated by so many!!!!

A lot of discussions/debate have taken place over night and I’m sure some of those guys will be along to chip in their thoughts. But this a post from HC and sums it up well. — The more I think about this deal the more I think MTR have done very very well. The deal is just for the T3 project and not the surrounding T3 dome. MTR still maintain their 30% ownership of T3dome, T20, T4etc - in fact, by virtue of their 20% ownership of MOD now they will own a further 14% of these assets (20% x 70%) - giving them effective 44% ownership of these exploration assets (and they pick up a share of T1 and MODs cash balance).... I think they know there’s much more value to come from these exploration tenements and giving away some of T3 for higher ownership of these tenements is a smart play.— OK the figures may not be100% as MTR cannot go above 12.5%. What this does also allow is MTR to monetise some value early by selling a chunk and then replenishing its MOD holding via the options. There is also 2% royalty. Good deal by MTR IMO. Look forward to seeing the MTR RNS and MMs views on this. ATB.

Any newbies to the board - do yourself a favour and ignore everything cashking and itsaduster post. Both have been in and out and talked the share up and down for the past 18months. Very tedious.

Calling bullshit on this one. How can that poster possibly be “hearing” those grades. Mindless ramping as per usual. We don’t need it. No need to set people up with ludicrous expectations. Great to see yours and a few others excellent contribution bonkers and by no means take the above as a slant in that. Expecting the BoD to be out of their closed period soon enough...

3.5-4p is that all??? We were worth than that before this mornings news!!!!! Hold on to your winners is what they say!!!! And boy oh boy is this going to be a winner. Ramp intended ;-) ATB.

Not a single word. Part of the paid crowd I expect, same as the other one that flipped to suit agendas. On nights so looking out for the MOD trading halt!!!!

Yes he did, i enjoyed the confidence in the way he made that comment. The way MM handled the Q+A afterwards i found really impressive. The sign of a man supremely confident in himself and importantly the company and where it is heading. ATB.

Fierce - because it’s relative, work the figures out. But for example (figures are totally made up) a 10% increase in THR increase MTRs stake by £200k, that £200k is equivalent to <1% of MTRs market cap.

Correction - Original purchase was for 16m at 0.625p with 1 for 1 warrants.

There are still 7.5m warrants at 1.2p (and 10m at 5p) I haven’t checked them but I imagine they were issued on funding and at double the price (as that is general the modus operandi) - so that investment would have been at 0.6p..

No it’s lower. Most recent purchases were higher yes but overall average is lower.

Quite simple the game plan here... BUY and HOLD. Simples. Two of this BBs biggest bashers have flipped their stance - says it all.