MML 2.41% 85.0¢ medusa mining limited

Ann: Quarterly Activities Report September 2015, page-13

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  1. 812 Posts.
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    From a share price perspective the only potential concern I could see was on a first glance, having the cash pile reduce by $3M when you don't have much in the bank at present may have spook some (short sighted) investors about the increasing potential for a capital raising.

    That's the only thing I could think of - otherwise it looked positive - and I would think that tonight's PoG increase should logically push it back to $0.60+ tomorrow.

    Actually with the current gold price now $50 above the average price received last quarter, if production and costs remain the same that would add another $1.5M to the cash pile, making it $6.5M cash increase, which is $9M in AUD terms, or $36M for the year...

    Can't imagine there are many companies on the ASX throwing off a 30%pa cash return relative to their market cap...
 
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