Still reading through broking reports and announcements so I will get back to your re sell price and sell reasons.
Fundamentally the business looks strong with good future earnings (note I am not aware at a very fine detail of business operations). My macro view of gold and the market as a whole is why im in a gold producer now. There is no room atm for exploration companies, banks etc are becoming tighter with their cash that wont see returns and it is difficult to raise equity to fund exploration. For a producing company, the story is different. Gold stock have been hammered the last several years and basic relative charting of gold stocks in Aus points to a resurgence - most of which is off the back of spooked markets and increasing pressure on over exposed Oil & Gas bonds. As I said earlier this is my thesis, some may have other views so take what you will.
MML Price at posting:
49.8¢ Sentiment: Buy Disclosure: Held
