MML 2.41% 85.0¢ medusa mining limited

Ann: December 2016 Quarterly Report, page-4

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  1. 812 Posts.
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    Hard to say it that will be the floor. Market didn't get a lot of time to digest the report. Was only published 20 mins prior to close and only ~20k shares traded after its announcement, but it did trade up to 40c from the 39.5c it was prior to the announcement.

    That said, I imagine a fair chunk of this report was already priced in due to the downgrades couple of weeks ago.

    I still think its a buy below 45c at $1200 gold.
 
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