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2.41%

85.0¢ medusa mining limited

Thank goodness for Arbiter on the buy side.

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Ox270

601 Posts.

48

11/10/17

10:39

Post #: 27816462
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Originally posted by miningnut ↑

You could be over-reading this McNoob as the plain facts are that there are 4500 potential sellers on the stock as that's how many shareholders are in this. Against this we have potentially less than 10 probable buyers with some more on-lookers.
The main influence on the share price are MML Management and given the mine's performance over the last 12 months and the production/cost guidance for the current 12 months then it is understandable that the share price is stagnant and this has now been further emphasised by the CEO stating in the just released Annual Report that AISC will be over $1200 for the first six months of this FY(so next to no cash generated in the current half year) - it's hardly inspiring stuff that makes you want to rush out and buy this stock today.
It is only those that are game enough to look into the crystal ball and see what might happen after 31Mar18 that can get excited by this stock's potential but there is so much water to flow under the bridge before we reach that point in time. So don't know if it's called good investing or not buying this far out and certainly there are not many of us doing it.

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Thank goodness for Arbiter on the buy side.

MML Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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