Analyst repot, page-22

Steve,
I suppose you are referring to me with this nice little excerpt....

" there seems to be a concerted attempt to drive the sp lower on a daily basis by frequent postings on this board using scare tactics"

I have certainly not been involved in a concerted effort to drive the SP lower. I've been warning people this was a sell and over priced from the $1.60's level.
I notice you havea total of 11 posts on HC all about MML, and all bullish. The share price has lost nearly 45% of it's value since you first were posting bullish content.

Until the June quarterly I was bullish, but thecompany produced numbers that indicated what we were told half way through the quarter were not entirely accurate. They also failed to mention any change in circumstances until the quarterly came out. I'm referring here to the recovery % of gold. In May we were told 90-92%, yet the quarter ended up averaging 85%. That's a huge turn around, and despite continuous disclosure rules, MML failed to indicate to the market when the turn around happened. I can't trust management when they fail to report what's happening, especially when the market seems to know in advance, by falling during that time ie before the quarterly came out.

The last quarterly, when there was a small increase in cash ($2m?) mant aspects were cut back. Do we really know how those cutbacks in expenditure are going to affect production going forward? My guess is that some of them, especially some of the development expenditure really are part of AISC, so cut-backs there may not be such a good idea.
The company does not release an AISC figure, despite it being a norm across the industry, yet seems to want to continue with cash costs, not a true indicator (nor does AISC tell the full picture, but it is better than CC).

Considering all your posts are ramping Medusa, it is a bit unrealistic stating that some-one else is deliberately trying to send the price down. I'm just stating what I see and trying to figure out why.
Obviously the price is in freefall, and I have friends that have lost over 80% in this.

At a market cap of $123m, if they are not making money then the price could go a lot lower, although it is at my original target right now, but I'm not buying.

I don't care about missing the bottom, I want to see a sustainable turn around of the numbers that count from the company, especially during the wet season.

BTW, is this the only stock you hold? It seems to be the only one you comment on. If you're new to the market, then the price of stocks can seem irrational at times, yet my experience tells me that more often than not some bad news comes out that ends up justifying the poor share price perfomance.