Generally spoken the future is bright. My personal share price target is AUD 4,-/share in a time frame of 12 to 18 months.
MML is doing the right steps, always one at a time recently. Current CEO is cleaning up the mess left by the previous management.
The right steps done are:
- please the government with high ecological standards,
- please the government with good working conditions, helping local community,
- expanding mining capacity not only horizontally, but also vertically & so securing future mine life,
- drilling to prove increase of reserves (MAYBE MOST IMPORTANT FOR HIGHER SHARE PRICE!!!)
When all these steps bear results, price will explode.
What is still to be done:
- Improving communication with shareholders, which means the CEO should take care of the administrative secretary doing the right job.
That one is an easy one, but should be done in a due course !!!
Disclosure:
- I own a substantial chunk of shares in MML & intend to add up to my position.
MML Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held