My suspicion is there is no positivity yet because the DENR still hasn't officially completed the mining audit nor released its findings (even though they were meant to have finished it by mid August).
So speculation continues about mine closures, and it doesn't help that Lopez came out recently and said that more suspensions are likely...
Also recent increase in talk about mining tax reforms (ie miners paying more tax) probably hasn't help sentiment either.
With any luck the DENR will finish their review in the coming days/weeks and let remaining mining operations know what is expected of them going forward...
Then we can all get back to focusing on MML's operations rather than the looming threat of potential government intervention.
MML Price at posting:
66.5¢ Sentiment: None Disclosure: Held