Analyst repot, page-28

A PowerPoint Presentation which Medusa will present in
• Melbourne on 5 November 2014;
• Sydney on 6 November 2014; and
• Analysts visit to the Company’s operations in the Philippines on 12 November 2014
http://www.medusamining.com.au/wp-content/uploads/Investor-Presentation-Nov2014.pdf

Ozblue. You may think the repetition of your negative opinions here can influence punters to hold out from buying or sell even at these silly prices. But it will be another matter entirely to influence professionals who are likely to attend these presentations in Melbourne & Sydney this week and the institutions that are likely to receive write ups from the analysts' site visit to Mindanao next week.

Unfortunately I am spending time here replying because your opinions are so often out of line with facts that they just can't be left without comment. It's a lot easier with your negative and stridant assertiveness to give you a free pass.

1. >>>>> "Well the past outlook was for 180-200,000 oz, so 95-100,000oz is not what I'd call a measureable improvement."
As usual you misrepresent the situation. Coming from 60k oz last year you don't go straight to 180k plus oz. You need to be able to walk before you can run.

2.>>>>> "So how is the company going this quarter in regards to the new guidance? No comment"
ASX listed miners report quarterly. Rarely do they comment on production numbers mid quarter. To be just 1 month into a new quarter and expect the company to announce how they are going cf guidance is an example of how unrealistic are your expectations.

3. >>>>> "The company is admitting the L8 shaft is out of action for at least 23 days out of the next 180, or over 10% of the time. That is probably going to effect production, negatively."
Production will be lower than its' potential, but probably reasonable enough to continue the uptrend. Also it's Xmas/New Year holidays, planned for and built into the forecasts. Upper level ore from Levels 1-5 exits the mine through 3 small shafts and two portals and is unaffected so miners not taking a break will obviously work on Levels1-5.

4. >>>>>"Spending. ..... $12m for E 15 shaft,"
E15 shaft is being planned and built over 30 months. So $4-5 million on average per year from next year when production likely will be 100k oz/year plus. Hardly a significant cost when the spend is spread in this way.

5.>>>>>"Current POG would have seen a cash loss last quarter"
Use of the logic fallacy non sequitur. Fortunately for us the company does not sell all of its quarterly production on one day in the quarter before most of it's mined and at the lowest price for gold in something like 4 years.

6. >>>>> "It all smells like a cap raise to me."
Well no surprise there.  But if this is the plan why would they have stated they hope to pay back $5 million this quarter? Everyone has read your negative views many times. Why do you feel the need to endlessly repeat yourself?  

7. >>>>> "Annual safety audit completed with no major issues identified. Garbage."
On the next slide: "Comprehensive Safety Review of the Company's operations by an external consultant (this is the 4th completed annual audit). External consultant. 4th completed annual audit. Not specific to the review of accidents this year.

btw what happened to your claim here a few weeks ago when you were going to purchase a few shares so you could go to the AGM in Perth and rip the BoD's to shreds. You know nothing about the circumstances of the accident let alone where the apportionment of blame should lie but best not to let facts get in the way of verbal attack.  

I could go on. There is plenty of material you've posted on here over recent times that is unbalanced or just wrong. But I'll leave it there for now.