Definitely think we're now out of the woods concerning a capital raising. I certainly wasn't optimistic when I worked out from the half yearly accounts that production in the month of December was disastrous and almost non-existent. They obviously got their act together in January as their cash flow wouldn't have stood another production month like December. I'm now assuming that everything is back on track and have been buying as many as George lately as July is getting close and share the view that this is the cheapest goldie on ASX. That might be justified since it is a one mine operation in the Philippines but think the discount to fair value is just too large.
I always get the impression that a lot of the selling is coming from former AIM shareholders that have given up. Maybe Canadian shareholders fall into the same category.
MML Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
