CAPITAL MARKETS

Market-stalled MOD calls for consolidation

AFTER a stellar market run in 2016 followed by stalled share price performance in 2017, Botswana copper mine hopeful MOD Resources has come to the conclusion that a consolidation of capital could be the way to go in 2018.

 MOD wants greater market traction given the big potential it believes is on offer in Botswana with its copper venture.

MOD wants greater market traction given the big potential it believes is on offer in Botswana with its copper venture.

MOD is proposing a 10-to-1 consolidation that would reduce shares on issue from about 2.3 billion to 230 million. MOD believes a consolidation would "align the company's capital structure with its peers...

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