We are at less than a third of the price when that quarterly (June) came out, that basically stated that ALL the numbers and guidance and what you thought was happening, simply wasn't. I can remember posting something along the lines of why on earth is anybody bothering to still hold after that disaster, yet people did, do, and still promote the stock.
That last quarterly (sept) cut all spending to the bone, yet admitted lots of spending coming up. They have $15m and I suppose they could get a loan instead of going to SH, but that is when it becomes really precarious.
Gold currently down another $28/oz and below $1140, means another day of carnage for Medusa tomorrow (and the other goldies of course).
If they tried a cap raise now it would be a disaster, no matter what the price, a placement would be better, but they would probably have to go to 40c.
MML Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held
