Originally posted by Pmys
By rubbish chatter, I mean all the marketing spin that MOD throws out, all the interviews with J.H. All the positive spruiking. I don't buy based on Hot copper, but I am a tad naive in the sense that I can get caught up in all the positive chat.
Like I said. My fault.
What has changed is how much I believe what is coming out of MOD's mouths and how much faith I have in the way it is being run. The first thing I had a massive problem was, was the timing of the Cap Raising. That was the beginning of the end for me.
To me it seems disjointed and confusing. It is possible that have too much land to explore and don't know how best to tackle it
They are going to run out of money sooner rather than later. The keep flipping from various drill targets.
I'm not a mining professional so everything I say could be rubbish.
Perhaps YOU can explain to me what has changed since this stock hit 9's and then floated around 6c for quite a while, and yes I understand the whole market is getting smashed. MOD is the worst on my whole watch list.
And the truth is I invested in this stock based off a tip (which could have been a very good tip had I not got caught up in the hype - I could have sold at 5, 6, 7, 8 or 9c and still been up.)
I'm not blaming anyone but myself. However, if you think there isn't something wrong with a stock that has only released apparent "significantly" good news in the last 12 months, however is sitting at yearly lows, maybe you know something I don't. I use the word significant in jest.
Hi Pmys
I understand your frustration. I think what we should not lose sight of as investors is that MOD is not purely an exploration play - they already have a development project (T3) with a Net Present Value (NPV) estimate of AUD $370 million as per the Pre-feasibility study (refer announcement dated 31/01/2018). This compares to their current market cap of approx. AUD 75 million. On this basis, MOD looks significantly undervalued, which in my mind provides me with some comfort that the share price will improve over time as the market sentiment improves and/or as MOD progresses the development. DYOR
