MML 2.41% 85.0¢ medusa mining limited

Ann: Quarterly Report March 2016-MML.AX, page-25

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  1. 70 Posts.
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    June quarter will be telling. Just had a significant miss on tonnes mined and milled, and head grade significantly reduced. Cash Cost and AISC up while other producer are lowing theirs. GD rebuilt the mine but resigned as CEO last Nov. Why? Also, what happened to the COO, a mining engineer, who was responsible for increasing the guidance? Word is he left the mine sometime last year. The new CEO is qualified as a geologist but has been a mine manager since 1993. Reef mining is complex. This company has done my head in, and I no longer hold stock. DYOR
 
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Currently unlisted public company.

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