News: MML Medusa Mining revises production guidance, page-12

I think the company has a good balance sheet. It has a current ratio of around 3, little debt and reasonable cash. Luckily the gold price has been rising in the past few weeks. I don't think the company needs to raise any more equity.

However, I still expect a big drop in the share price today. The difference between what they promised to produce and what they will produce is huge. I also find it hard to believe that they realised this only recently.