MML 2.41% 85.0¢ medusa mining limited

For me it really depends on the quarterly. I'll happily buy more...

  1. 812 Posts.
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    For me it really depends on the quarterly.

    I'll happily buy more MML if they really start to produce the goods - growing the cash in the bank.

    I, I imagine like other investors, want to be able to believe that their operations are finally producing enough free cash flow again to either expand operations to further increase profitability or start paying investors with dividends.

    I think RSG (my second largest holding behind MML) is a great example, it's been rallying markedly on the back of increased cash generation.

    I think MML has that same potential - but its previous reports have always been a little underwhelming - good but never great.

    I hope this report is going to be the one that bucks that trend.

    So if cash added to the bank is north of $7m I think MML will move towards $1 within 3 months assuming the gold price holds.

    If not, it's anybody's guess.
 
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