Well as much as Paradice might be hoping for a mediocre report I think the rest of MML shareholders are hoping that Q4 production is inline with guidance or above...
Assuming Q4 is pretty decent, then it may only be another 4 - 6 weeks before the SP begins to move markedly higher...
It'll start first with the speculators/insiders who will start buying up stock in the weeks leading into the Q4 production report which is now only 8 weeks away...
Once the Q4 results are officially reported most investors who are actively watching MML will deduce the FY15 result and begin buying in if they are positive...
Then when the Annual Report is published a few weeks after the Q4 production figure the broader market will likely sit up and take some notice given the YoY growth.
So assuming the gold price hovers around $1200/oz (and $1500 AUD) my suspicion is that MML will range trade between $0.95 and $1.05 for the next few weeks before beginning a strong run up in July/August/September...
MML Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
