MML 2.41% 85.0¢ medusa mining limited

@miningnut: Yes, your 'best estimate' was spot on. But what good...

  1. 330 Posts.
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    @miningnut: Yes, your 'best estimate' was spot on.

    But what good is it?

    You have a company trading at market cap of A$59m.

    With over A$21m of cash and gold at the bank.

    The remaining A$38m is less than 1 year (4 quarters) of gross cash margin.

    Seems there's no buyers but plenty of sellers for a stock trading at 1 year gross cash margin.

    Maybe we should just cash out of MML and go all in on Amazon, Tesla and Alibaba?

    What could possibly go wrong?!
 
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