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2.41%

85.0¢ medusa mining limited

I averaged down today for me personally it is now or never to do...

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Ox270

601 Posts.

48

24/10/17

11:43

Post #: 28144044
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Originally posted by nordesmic ↑

After about a year of waiting and balancing potential risk/reward for an entry point I decided to bite the bullet this morning and jump in on open. This report reminds me of the 2016 January quarterly from RSG which sparked its run over the next 6 months from 25 cents to $2+. That was all about cash generation too.

MML not going on that sort of run but the avoidance of a capital raising is enough for me to be happy.

Next quarterly may be weaker due to maintenance downtime but maybe they can still manage to keep costs down given grade appears to have picked up.

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I averaged down today for me personally it is now or never to do this ahead of new shaft completion in mid next year. My new AEP is 0.65c a helluva improvement to orig EP. I hope ur on the money Nord.

MML Price at posting: 32.8¢ Sentiment: Hold Disclosure: Held
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