Got to agree with all that and thats where i am...dont think the...

First 9 Last

Share
Profile

Follow
thecone

2,490 Posts.

127

25/05/17

14:29

Post #: 24910134
Share

Originally posted by cncventure ↑

Have to disagree.

A share buyback when they are a single mine in an unstable mining jurisdiction that isn't FCF+ yet is just adding even more risk to what is already a risky investment.

And who cares what the share price is anyway. It doesn't affect the company (assuming there is no need for a cap raise). So let the market be crazy.

Way I see it, the latest round of dumping is because of martial law in Mindanao (which I agree is not ideal), but I'm not selling...

Selling is fine as long as the sellers know that they are selling today for $66M, when there is a reasonable probability that if things go to plan in the coming months then MML will be throwing off FCF at a rate close to $66M a year...

Yes there is a chance things won't go to plan, yes there is a chance ISIS will take over Mindanao and seize the mines, but what is that "chance"?

It's our job as investors to work out what the "probability" of such events occurring versus the likely future cashflows.

@ $0.32 I think MML offers good risk adjusted returns given that they are less than 6 months away from very healthy FCF.

So I hope the share price goes lower! I'll just buy more.

Expand

Got to agree with all that and thats where i am...dont think the buyback comment was serious just an observation on the price.
The same risk was there when people bought at 46.5 they just didnt know it.
Now you can buy the same cheap in full knowledge.
Think mml when it does get fcf+ should look at geographic diversification. ..
Better way to spend its money imho.

We wait..no announcement. .....cheers tc

MML Price at posting: 31.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AIM

Strickland continues bonanza gold results from Rogozna

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 28 more messages in this thread...

First 9 Last

Add MML (ASX) to my watchlist

Got to agree with all that and thats where i am...dont think the...

Top Stories

Strickland continues bonanza gold results from Rogozna

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025