I took a similar approach. Sold down half and invested that with a series of smaller stakes in 'battery/REE' companies I have been watching for a while. A nickel/cobalt play and vanadium play at all time lows and a top-up of a larger gold/REE holding. Easy enough to work out which ones from my signature. I still think copper is the place to be but not that many equivalents to MOD to choose from. Have a OZL stake in super so some exposure there.
The balance I will let roll into Sandfire shares and see what they can do with the MOD holding and their cash/mining experience. I was hoping for a better counter offer but that seems less likely now as time goes on. Very curious to see what came of the exploration drilling MOD were undertaking before the buyout.
MOD Price at posting:
42.8¢ Sentiment: Hold Disclosure: Held
