MML 2.41% 85.0¢ medusa mining limited

They could improve communication with shareholders immediately,...

  1. 6,756 Posts.
    lightbulb Created with Sketch. 122
    They could improve communication with shareholders immediately, if they wanted to, with an updated presentation that should include Jan/Feb production numbers so that shareholders know they've recovered from December's abysmal performance. Shareholders also need to be told that the projected completion date of July for the E15 Service Shaft is still on track. This would also arrest the current share price decline and give the market some confidence. If not, then IMO they're covering up the situation yet again as I believe that mid-year updated production guidance was at least three weeks late in being announced.
    If there is no improvement in communication then I'll be taking the first chance I get to vote against the Chairman and Managing Director.
    There was also a very careless and pathetic error in the Statement of Cash Flows in the half yearly accounts. They used the figure of 9,541 as Cash at beginning of period(30Jun16) but the correct figure should have been 9,517 - the accountant has picked up the figure from 31Dec15 in error. But as that column actually adds up correctly there is obviously a second error to make it add up. Somebody thinks that two wrongs make it right.
 
watchlist Created with Sketch. Add MML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.