MML has a ridiculously low MC because its has had a ridiculous number of random negative news events in the last 3 or 4 years that other ASX gold miners haven't had as a head wind...
I mean seriously, after the sh'tshow that was Gina Lopez looking like it had finally run its course a couple of weeks ago... what are the chances that martial law gets implements to make such that sovereign risk discount doesn't stop applying to MML!?!
FFS!
...it's to the point now where I have so much disdain for this stock that I decided to buy some more today at $0.305!
Ann: Philippines Mindanao Island Security Status, page-12
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