MML 2.41% 85.0¢ medusa mining limited

Knowing When To Hold Em or Fold Em, page-18

  1. 812 Posts.
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    Quite a confident statement.

    According to the following news article:

    http://thestandard.com.ph/business/211831/lopez-closes-2-palawan-mines.html

    They are in the process of reviewing four of Mindanao's mines in Surigao, before reviewing the rest next week.

    And apparently 40% of mines have complaints against them!

    Couple that information with the news that she's just increased the number of mines suspended to 6 and I just can't swallow that their is "no chance" of an MML suspension.

    So I don't feel I'm fear-mongering, and I'm not even saying don't take the gamble at these prices (I still have a position in MML) I'm just trying to give the HC readers the heads up that this is no longer a set and forget stock.

    I'm an optimist at heart, but my head forces me to be a realist. So I'll be waiting 3 to 6 months before going overweight MML again.
    Last edited by cncventure: 29/07/16
 
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