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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Medusa Mining | MML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 97.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 97.50 | 97.50 |
| Top Posts |
|---|
Posted at 12/6/2023 14:49 by glitter2 Totally gobsmacked by the whole situation. I don’t even know what I mean by the whole situation and can only echo the thoughts of posters on this thread.I would have expected some action by the institutional investors or the ASX. I admit that I naively trusted Polaris to know what was happening and I don’t trust anything from those new on the scene. Has the conversation moved to a X64 chat page somewhere or are we all still helpless and waiting? Just thankful of what Polaris and others have provided over the years and recognise that ultimately only myself to blame. Another hard lesson? G |
Posted at 22/12/2022 10:09 by bo doodak I'm one of these very stale holders from the previous AIM days when the share price was so much higher, who held on much too long. If x64 relist there too soon before all the improvements have become more obvious to cursory viewings then investors like me might well sell choose to down their holdings.Its been a long wait, but better times do hopefully seem to lie ahead. |
Posted at 21/12/2022 08:32 by jfishy55 Indeed, relisting on AIM will open up the company to a lot of potential investors, funds, etc. I think that is probably the best way to lift the share price due to the increased demand for shares.I suspect X64 won't do that though, unless the company needs to use such a listing to raise cash. |
Posted at 20/12/2022 11:10 by polaris Hi Glavey,Actually i would argue the complete opposite. The activists only have a leg to stand on because of inaction by the company and board. Apathy and inaction breed discontent. There are currently 228odd M shares in circulation. Start a buyback to bring that down to 220 M shares. The average daily volume is under 100 k and so this would take a few months. However, it will take out some stale holders and make the activists think about what their goals are. 8 M shares will not change much in terms of the power of the activists. Look at the vote stats. The buyback takes a small part of the existing cash-pile but sends a bigger signal that board have some interest in releasing shareholder value. If that were to happen then i think any activists will look to take out the company before people realise the hidden value. Bear in mind that without the cap-ex spend on Tiger Way, X64 would be hugely profitable... they are anyway with that spend but people often miss the obvious. The fact that X64 can spend $50+ M on a project to realise long-term access to a productive mine, from cash generation from ops, is a rare beast indeed. All of that value isn't reflected in the SP, as most 'investors' nowadays just look at top level metrics, declared profit and EPS, on which X64 does badly due to accounting for the acquisition costs in FY22 figures and not realising some $25+ M in revenues and $17 M in pre-tax profits from not selling gold produced in the fiscal period (down to a certain ex-CEO...) Oh, and the stonking cash-pile to market cap contribution! The HY figures will be an interesting read. How much of the backlog will be put through the books and how much rolled forward to future fiscal periods? That unsold gold has to be sold at some point. It is an asset on the balance sheet but not seen in the reporting period figures. It is all in the NAV, not that anyone looks at that - they should! No-one looks forward either to the situation we will have once Tiger Way is completed, in late 2024. All mine levels will be accessible by the decline, de-bottlenecking the mine haulage, a long-term issue. Not only that, the plant operates at about 50% nameplate capacity, due to the haulage issues. X64 can become a 150 k oz producer (monthly run-rate normalised) from the single mine by the end 2024. Decline will decrease AISCs and drilling will continue to highlight high grades at depth. The decline just makes economic mining a reality to level 20+. Look at the production profile for the last 10 years. The mine is a steady producer. 2023 will be very interesting, as i expect value to become more apparent and that to lead to a play on the company. Rising gold prices, falling AISCs, buyback, stonking cash-pile and better PR could see X64 3-5x multi-bag, IMO. Then again, i seem to be in a minority of one in seeing this! |
Posted at 24/11/2022 07:05 by polaris Interesting that AGM presentation labels the recent action as activist investors trying to gain control of company without paying all shareholders the premium. I don't think that is over quite yet. With US$80 M on the books, X64 remains a juicy fruit, given market cap and production stats. That is without the potential of Tiger Way and Oz assets. |
Posted at 02/9/2022 09:24 by cp42kx07 I don't disagree with your points but still wonder about who actually made the decision during the last quarter to not sell gold. Recent events indicate internal confusion to say the least. However I certainly think that the results should have been presented in a more investor-friendly way. If the reason for not declaring a dividend then the company should be filling it's buy-back boots at the current price. |
Posted at 01/9/2022 14:09 by glavey There was a very strange email sent out on 30/06/22 at 05:00 BST (14:00 local time) From: "Ten Sixty Four Limited" {Communications@mail"Dear Shareholder This is a notification to advise you of an announcement which relates to shareholders rights to receive documents pursuant to section 110k of the Corporations Act 2001. To view the announcement please click here. Kind Regards Peter Alphonso Company Secretary Ten Sixty Four Limited" The problem was that there was no link at the 'click here' and if one replied to the message to report that issue the embedded 'Reply-To:' send an unsubscribe message to computorshare. Did anyone else receive or note similar? A footnote to the original message advised "You have received this message because you have elected to receive electronic securityholder communications. To change your preferences login to Investor Centre, select the "Communication Preferences" option and follow the prompts. Computershare may occasionally send marketingmaterial regarding products and services. To opt-out of receiving these communications, reply withthe word “unsubscribe&# However I found it impossible to log-in to 'Investor Centre' as it wouldn't recognise any of the registration details I have currently. Why I do not know. I'm uncertain of the present status. |
Posted at 14/4/2022 07:17 by c9ajl Investor Presentation April 2022Https://www.medu |
Posted at 14/4/2022 02:18 by polaris New investor presentation on the website. |
Posted at 01/4/2022 16:46 by cp42kx07 This looks positive. Let's hope that 10-64 ("message for delivery") means that other investors may start to appreciate the under-valuation here.I certainly hope it isn't a case of "crime in progress" (the APCO 10-64 code). Bizarrely in Norfolk VA 10-64 apparently means "eating"... Donut anyone? I'm also keen on a TSX listing but can't believe that I'm still holding here after all these years../ perhaps a case of 10-56 ("intoxicated investor" ;-) ). GLTA |
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