Yeah it's a little surprising how low it's fallen in the last...

Yeah it's a little surprising how low it's fallen in the last couple of days.

I bought some at $0.93 two days ago.

Probably shouldn't have as I'm already overweight gold/gold miners. But with the PoG of gold in AUD terms over $1550 at the time I couldn't help myself.

At this point, my suspicion is that part of the reason for the sell off is the recent gold price drop, part of the reason is EOFY tax reasons and I think part of the reason is simply low volumes (it doesn't take much to push the MML price around at the moment).

Late last year MML daily volumes were 2M - 4M most days. At the start of this year volumes were usually around the 1M, these days we are lucky to do 500k, and today we have barely done 300K.

Even now, there is no real selling volume until all the way back up to $0.935.

So that gives me confidence and if I had more disposable cash it would definitely be got into MML.

My only concern I have about MML is their gold reserves and their ability to replace reserves consistently. So that's what I'll be most eager to review in this year's annual report.