MML 2.41% 85.0¢ medusa mining limited

MML Being Relisted In GDXJ, page-6

  1. 812 Posts.
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    The recent AUD rally has made MML's eligiblility for GDXJ even more of a realistic possibility.

    With the AUD/USD @$0.77 MML SP only needs to be $0.937 to meet the US$150M threshold.

    So @ today's SP high of $0.915 MML is only spitting distance away from GDXJ eligibility on a market cap basis.

    As for turnover at the current AUD/USD rate, by my calculations MML needs an average volume of 1.39M to hit the US$1m daily trading volume criteria.

    So it's starting to look like a realistic possibility now.

    A good Q3 result at this stage would do wonders for MML's cause.
 
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