The gap up was easy to predict, so I shouldn't get any brownie points for that, the rest of the day's action of downwards I wasn't expecting, then again most other goldies I look at did the same. At least MML stayed positive while most went negative.
If the price stays down or goes lower from here, then I would expect some bad news in the quarterly report, with the low POG this quarter, a cap raise is not out of the question if they have made a loss for the quarter.
The annual financial report was out at the end of August, so I wouldn't expect too much from the annual report itself, unless accompanied with a statement about needing cash.
Basically Medusa NEED the price of gold to rise, so a bet on Medusa is a bet on gold. But the odds are not that favorable with another $100 fall in POG sending the price way down, while a rise of $100 will not double the price.
4000+ workers for a mine that mined only 659k tonnes of ore and milled 582k tonnes of dry ore is a very inefficient operation by any standard.
MML Price at posting:
38.5¢ Sentiment: Sell Disclosure: Not Held
