MML 2.41% 85.0¢ medusa mining limited

Ann: Half Year Results December 2015, page-35

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,107 Posts.
    lightbulb Created with Sketch. 115
    This stock just makes no sense.

    Annual report from June writes-off $260M, indicating it's costing a lot more to mine than the prior financial reports indicated. Six months later and the half year report is back to reports of old indicating massive profits. Looking at the P&L you'd think the AISC was about $550 not the $950 reported. Couple this with cost over-runs, a missing CEO and yet another commissioned expert report and it's just a mess.
 
watchlist Created with Sketch. Add MML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.