reports
- Ryan Long
MOD Resources - Sandfire to acquire MOD
The board of MOD Resources, which holds a 7% interest in the company, has unanimously recommended that shareholders accept the offer by Sandfire Resources (SFR.ASX) to acquire 100% of the company through a scheme of arrangement. The deal is also supported by Metal Tiger (MTR.LON), which will hold up to 20% of MOD Resources.
- Ryan Long
MOD Resources - Executive interview – MOD Resources
Julian Hanna (MD) and Jacques Janse Van Rensburg (executive manager, business development) of MOD Resources discuss the results of its feasibility study at the T3 Copper Project, located in Botswana. They also look at potential exploration upside at the project and the next steps for the company.
- Ryan Long
MOD Resources - Company de-risked and metrics improved
The completion of the feasibility study (FS) on the T3 copper-silver deposit, located in Botswana, is an important de-risking event for MOD Resources. The metrics contained in the FS give us a higher level of confidence in our valuation as well as the NPV and IRR calculations completed by the company. With the FS now in hand, MOD Resources can advance its mining licence application and secure the finance required to move T3 into production.
- Ryan Long
MOD Resources - Sandfire's bid undervalues MOD
MOD Resources has raised A$10m through an oversubscribed institutional placing at a price of A$0.30/share (17p/share), a 36% premium to the closing price on 18 January 2019. The company also intends to raise a further A$5m through a fully underwritten rights issue at A$24/share (13p/share). In addition, the company has received an unsolicited, non-binding, indicative all-share offer from Sandfire Resources (SFR:AU) at a price of A$0.38/share (21p/share). The board of MOD believes the Sandfire of...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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