MML 2.41% 85.0¢ medusa mining limited

Ann: Revised Production Guidance for FY16 -17, page-4

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  1. 812 Posts.
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    And agree with @miningnut with the gold price down $50 from a week ago and the low end of guidance being 20k oz, FCF next quarter looks off the cards so they are going need to find some money from somewhere and finding that money only gets more difficult when the commodity you produce is plunging in price...

    Completely wrong time for this to happen - MML needed to do 25k+ oz in June.

    Part of me is wondering if I should apply the normal "MML discount" to this latest guidance figure as well, of 15% less production than promised at 30% higher cost.

    I'm expecting a beat down on Monday.
    Last edited by cncventure: 05/05/17
 
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