MOD Resources are aggressively defining a large scale high grade resource in Botswana, at least 8 rigs are currently in action with several other price catalysts anticipated near term.
There are close to 2 billion shares on issue therefore this tends to move somewhat slowly however as has been seen by the historical shifts when it does move it can be significant.
The current trade concept is for a 32% move out from an extended base. From an entry at 5.3c with the exit marked at 7.0c, should this hit, stops will be moved up and strength reassessed before closing the trade as over the longer term my target is above 10c