The PPT pump of the US stock market which is not allowed to fall...

The PPT pump of the US stock market which is not allowed to fall beyond a few percent, not ever .... is having effects elsewhere. The Australian stock market has soared 11% in the last 2 weeks, taking out the Sept 2014 high, to its highest since May 2008.

This macro effect on the ASX market is putting the wind up the Medusa shorters, as well as the good news that has been coming out from the company in a steady stream for some months now.
Since 28th January. there has been a reduction in MML shorts of 1.4 million shares.
As of the 9th Feb there were still 9.5 million shares reported as short (4.59%), thanks to CPDLC.

There is often a lag effect between the main market and the minnows. So this recent confidence in the ASX main market, if it continues, should be picked up and amplified in stocks like Medusa in the coming weeks providing the gold price remains firm from current low levels (c.$1228).

Half year results may be only a week or so away - likely between 20/2 and 27/2/2015.

So we could see Medusa push through into the 90's next week if there is support from the gold price. In the market this week since Monday there has appeared to be more buying pressure incl shorters closing with sellers holding off for higher prices. So we have seen steady gains each day.

This corresponds to a feeling in the market that the company is well past it's lows, with sentiment reversing and well on track for recovery with a much higher sp in due course.