MML 2.41% 85.0¢ medusa mining limited

News: MML Medusa Mining revises production guidance, page-14

  1. 812 Posts.
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    Low of 44c then found some buyers...

    Not too bad.

    That said, I get the impression gold price are setting up for either a substantial rally or a larger breakdown in the coming few days/weeks. And medusa will be in all sorts of trouble if the gold price goes below $1100 with this latest news...
    And if gold price goes below $1100 my fear is the market will rapidly chase the $1050 lows and push for sub $1000.

    So gold getting back into the $1200's is clutch for medusa's share price until it gets its production up and AISC down.
 
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