I also bought in after looking at all goldies this looks most...

First 3 Last

Share
Profile

Follow
blacks

4,509 Posts.

11/02/16

06:54

Post #: 16991418
Share

Originally posted by Pebblewings ↑

Just bought into MML so I thought I would say a few words. After looking at a relative performance chart of Junior gold producers including, TGZ,DRM,OGC,PRU and RSG Medusa is the one that caught my eye. Despite it having a good run over the last several week industry trends would suggest there is more to go.

Forecasts look good, minimal capex,decent FCF, relatively low sovereign risk, and most importantly I believe gold prices will rise.

On a macro level, global interest rates are near zero and in some cases such as Japan negative. This action to ease markets and promote spending is not working as markets have not reacted as initially thought. Large amounts of debt are tied up in bonds linked to Oil and Gas which in some cases are only several notches from being downgraded to junk bonds. As a result many of the sovereign wealth funds and pension funds that hold these bond (particularly in the US and EU) will have to get rid of them (as the are not mandated to hold them) putting more pressure on the banking sector and the market as a whole. When macro events like these occur the market turns to gold, resulting in increased gold prices.

There is evidence of this at the moment, have a look at the EU and US banking sectors - they have been completely smash and I believe as it always is, the Australian market will follow.

Time will tell but I am optimistic

Expand

I also bought in after looking at all goldies this looks most attractive to me too ... Good luck to all and appreciate it posts

MML Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

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

MIN

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

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

WC8

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

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

There are more pages in this discussion • 14 more messages in this thread...

First 3 Last

Add MML (ASX) to my watchlist

I also bought in after looking at all goldies this looks most...

Top Stories

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

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

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

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

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

Featured News