MML 2.41% 85.0¢ medusa mining limited

Ozblue, Seeing as you ask, I'm just a PI like everyone else here...

  1. 139 Posts.
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    Ozblue, Seeing as you ask, I'm just a PI like everyone else here with other investments. The reason I don't post here is because it's not natural for me as I left Auz long ago and am based in the UK. Also no professional associations with this company. In the main I am an investor rather than a trader but I have followed Medusa for many years. This is a company that had brilliant early days, changes of management followed resulting in a very poor recent period, but no reason why they cannot get back on track and rediscover the past in the present and future. Importantly the gold is still there to support a long life, low cost mine, the geology is favourable for further increasing resources over time and for new commercial discoveries.

    As most of us know the US dollar is being abandoned more and more in world trade, particularly as it affects the BRICS countries for bilateral trade but also now for trade between Russia and the EU, China and the Middle East etc. This is causing an increasing panic in Washington hence the sharpening attacks on the PM's on the Crimex. Imv we are approaching crunch time (before the end of this year) when something is going to break with the present manipulations. Maybe on the Shanghi Gold Exchange, maybe the Swiss Gold Initiative, maybe collapse of the Crimex if these huge December silver contracts thought to be owned by the Chinese State go to expiry end of November and the entity stands for delivery which cannot be met, maybe something else. So sometime soon we could see $2500 gold and $50 silver although this has been said by many commentators for the past 3 years. If this happens companies like Medusa could close at 55p one day and open the next at $1-2 or more. Even if this doesn't happen MML is a pretty certain 10-20 bagger from here over a few years imo. Like I said my interest here is as an investor not to skim a few bucks from trading in and out.

    I'm looking at the big picture and so am different from those who choose to see only what's in front of their own noses. I can't really be bothered going through your latest post to comment in detail as from the discussion between CPLDC and yourself recently on accounting for costs and profitability it would seem to be pointless.

    best wishes with your investments.
 
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Currently unlisted public company.

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