Can't agree more. This whole thing stinks.
Now I see that Cupric Canyon (MOD's next door neighbour) just confirmed a total funding package of US$650M to start a project, US$560M of it with Ausdrill (ASL) for underground drilling. In the meantime, MOD sold their soul and all of ours to SFR for A$167M ??
If JH is playing corporate chess and hopes MOD takes a higher offer, then great, but it's current structure is an aweful and fateful play with SH's money at stake and such a light offer. SFR must be rolling around the floor at their offices. And by the way, our investments are locked in until late October when this all gets done, unless you want to sell at a discount now.
The more I observe and trade, the more I'm convinced that the Australian sharemarket is a dead end and I should have either partied my socks off or bought real estate.
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder from MUFG
Can't agree more. This whole thing stinks. Now I see that Cupric...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MOD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online