MML 2.41% 85.0¢ medusa mining limited

This stock just makes no sense. Annual report from June...

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  1. 1,107 Posts.
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    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.
 
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