Ann: Quarterly Report December 2015, page-5

Big thing for me was the increase in cash - $4.4m for the quarter.

That's roughly A$6.3m. Even if they only hold this rate thats - $25m a year!

At the end of the day free cash flow is the name of the game.

The great thing for MML is that they have signaled that both production increases and cost reductions are imminent (within 1 - 3 quarters)...

That's only going to improve their FCF situation.

So I'm happy to hold at these levels.

I actually bought more earlier in the week, but on this report I decided to buy a bit more again.