MML 2.41% 85.0¢ medusa mining limited

Ann: Quarterly Report March 2016-MML.AX, page-48

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  1. 70 Posts.
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    Hi Ox270. Googled the following - Andrew Teo is a Director, CFO and Co. Secretary of BGC (Australia ) P/L, and a director of BGC Contracting, and it appears, to many BGC subsidiary enterprises. BGC Contracting does provide mining services to mining companies, but none appear to be in underground mining. BGC is a multi $bil private Perth based building construction and contracting company, established by Len Buckeridge in abt. 1960. Andrew Teo has been with BGC for last 32 years (30 years at time of Len Buckeridge's death in 2014). He is a CPA (Certified Practicing Accountant) and graduate of UWA. He is the Trustee to the Len Buckeridge Estate worth an estimated $2.5bil. The Trust Estate has recently been in the news (The Australian), with beneficiaries endeavouring to access the assets.
    IMO, AT has not had a lot of spare time for MML, esp. when CEO and Chairperson. IMO, it is little wonder that AT did not have time to read the daily production reports for Jan. and Feb. before advising no change to production guidance for the March quarter, in the Dec. Quarterly.
    I now have only a small share holding - hard to completely let go when you have been there since birth.
    As always DYOR.
 
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