Australia's largest stock trading and investment forum Australia's #1 stock forum

MML

Click for more information

2.41%

85.0¢ medusa mining limited

Thanks loki. Keep em coming.

First 18 Last

Share
Profile

Follow
DSD

15,757 Posts.

29/01/16

14:45

Post #: 16896430
Share

Originally posted by loki01 ↑

It is a reasonable report except for the 12 month delay in completing the service shaft (now upgraded to 10 levels from the former planned 8 levels). I did not read any details of what this new shaft will cost. I suppose there is a very good reason for the change of plans, but it is unfortunate timing given the uncertainties with the USD POG and their current AISC level.

Share price will be hostage to the USD POG, unless a miracle happens and they can get AISC lower while producing in the 120-130k pa.. ounce range.

Nice to see improvement in balance sheet position implied by the financial details provided (assuming no build up of accounts payables or debt).

Back to sleep for me.

loki (you guys/gals in 3 months time, perhaps)

Expand

Thanks loki. Keep em coming.

MML Price at posting: 38.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

HotCopper Highlights: Your most watched stocks for Week 48, 2024

There are more pages in this discussion • 25 more messages in this thread...

First 18 Last

Add MML (ASX) to my watchlist