The "who" this affects and to "what degree" is yet to be known....

The "who" this affects and to "what degree" is yet to be known. And markets don't like uncertainty.

OGC and RED have also been underperforming the gold mining index in the last couple of weeks, I suspect due to the Philippines drama.

But I think MML is in a different situation to the above two miners... OGC has publicly had their open pit mine suspended and RED has been unable to get their tailings dam construction approved by the DENR.

MML is underground and has 5 years of capacity in its tailings dam.

So from my perspective MML at this stage may be trending trend down just on the increase in perceived sovereign risk. Who knows how strong that pull will be or when the Gina whirlwind will settle down.

Once it does settle down - and assuming MML is able to continue as usual - the share price will eventually revert back to fundamentals (which I think are decent).

As always MML needs some good news to distract from the bad environment.