After about a year of waiting and balancing potential risk/reward for an entry point I decided to bite the bullet this morning and jump in on open. This report reminds me of the 2016 January quarterly from RSG which sparked its run over the next 6 months from 25 cents to $2+. That was all about cash generation too.
MML not going on that sort of run but the avoidance of a capital raising is enough for me to be happy.
Next quarterly may be weaker due to maintenance downtime but maybe they can still manage to keep costs down given grade appears to have picked up.
MML Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held