MML
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2.41% 85.0¢ medusa mining limited

Undervaluation, page-30

  1. cncventure
    812 Posts.
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    31/01/17
    10:22
    Post #: 22239875
    I think whether we are at the bottom over the next 4 weeks will depend heavily on the gold price.

    Things are tight in regards to cashflow wise. So a $100 fall in the gold price will begin to raise questions about funding but a $100 rise in the gold price will see MML cruise through Q3 and dumping cash onto its balance sheet in Q4.

    FWIW I think the gold prices look fundamentally and technically OK.
    MML Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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