Too many excuses? What do they need to be excused for? Nothing...

Too many excuses?

What do they need to be excused for?

Nothing of note has happened to MML in the last 6 months (other than reporting a 90% increase in FH15 NPAT of $24.7m)...

If that is something they should be "excused for" then I wish all the companies I've invested in produced results as "poor" as that.

So unless there is some company specific information that is known by market participants that has yet to be reported, the only thing affecting the underlying value of MML is the gold price, which is up 4.5% since January and up 14% since last EOFY...

Until an announcement suggests otherwise at current gold prices and production levels MML is still a BUY at any price below $1.60.