MML 2.41% 85.0¢ medusa mining limited

I think that article from CNN highlights the fact that our...

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  1. 6,756 Posts.
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    I think that article from CNN highlights the fact that our Director/Management team in the Philippines has done a much better job than both OGC and RED and deserve a lot of credit. I think we can now dismiss the sovereign risk issue.
    Taking a much closer look today at the E15 Service Shaft and it would appear to me that it will be down to L8 being depth of 287m by early June and at L10 by Oct/Nov so six months will take care of this issue.
    They should make around $4mil this quarter which will ease the pain of the $7mil they dropped in the last quarter. If they haven't done a CR by now then I think we can dismiss this as a potential problem. Again the Philippine Directors obviously have access to cheap bank funds for us.
    And hopefully no more fatalities or earthquakes.
    So the only thing I have to worry about for the next six months is the gold price because I know that R&R will increase when reported in early August and I don't really care if they report another $100mil in impairments for the current six months as that just lowers the D&A charges for FY18 and beyond.
    I feel so much better now as there's only one problem to worry about for the rest of this year with this stock.
 
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Currently unlisted public company.

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