first I would like to mention that I always like to read your reports of MML, thanks for that. A good knowledge of the figures is the start of every investment. Perhaps some bigger investors read your reports as well. I noticed that yesterday there was a turnover in the stock of more than 12 million and not only a big turnover but also the stock ended higher. Although absolutely not a guarantee it tells us something. It says that we are near the bottom or at least in the midst of a bottoming-out proces.
I know that there is a shift in some indexes in september in Australia and some people/funds have to sell because they are not allowed to invest in non-index companies, but at least the shares were sold and the stock ended higher that day. For me that is a positive thing. Let us hope that the company follows up on this and delivers the higher number of OZ and succeeds in bringing down the costs in the next two years. I think if that happens we will see a re-rating of the company and the ones that sold their shares in the last two months would wish they didn't. I hope that only the POG will also help a hand, but that is out of our control.
MML Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held