Medusa Share Discussion Threads

[cp42kx07] 22/10/2016 22:06

p.s. I should add that IG do not offer an option to invest in funds although they do have some ETFs / ETCs.

[cp42kx07] 21/10/2016 09:59

BlueLynx

I have looked into this and propose to move all my accounts (trading, ISA & SIPP) to IG. Charges & FX rates are competitive. They appear to have decent customer service, multiple trading platforms and offer good overseas markets / currencies choices.

I checked yesterday and they are able to hold MML.

Of course they also offer spread betting and CFDs. As far as financial stability goes they seem OK - FTSE 250, no debt, fully regulated etc.


CP

[eintracht] 21/10/2016 03:30

Annual Report 2016 released on ASX.

[roguetreader] 20/10/2016 22:55

BL
after the nightmare of transferring out of Selftrade to TD Direct I won't be rushing into anything.
RT

[bluelynx] 20/10/2016 21:07

Off Topic

I believe a number of MML holders have ISA accounts with TD Direct Investing, it has now been confirmed that TD Direct are selling their UK accounts to Interactive Investors. This I am not to happy with. Therefore could any TD Direct customers recommend any alternative Brokers which offer good service at reasonable costs. Even more importantly would be the solvency of the Broker/Bank holding our Shares and Cash. So I would be grateful for the opinions of others in the same position as myself.

[ilostthelot] 20/10/2016 20:20

Yes thanks Rt..
Once all the development work and new shaft is complete we should be in a sweet spot for about a year. Hopefully they will start paying a dividend then and building the cash up.

[rrr] 18/10/2016 11:54

Thanks rt, I enjoyed the presentation. It does sound promising.
rrr

[roguetreader] 18/10/2016 11:23

New presentation



RT

[speedsgh] 07/10/2016 11:09

Yes, positive news although the headline of the news release did give me heart palpatations until I managed to read its contents. Perhaps I have just grown to expect the worst from MML in recent yrs...

Philippine Mine Audit Status -

[leedskier] 07/10/2016 08:00

Excellent news. MML rises 3.3%.

[eintracht] 07/10/2016 03:22

ASX announcement out about Philippines mine audit. It seems unofficially we are in the clear.

[tightfist] 05/10/2016 13:51

Chip,

Thanks for the update.


nielsc,

Surely MML management have to earn their credibility, demonstrate responsiblity deploying the shareholders' growing cash pile, and build visibility of an increasing LoM at Co-O. Then we can look forward to a substantially increasing share price even at today's PoG?

Cheers, tightfist
PS: No reaction to yesterday's share dealing code announcement?

[nielsc] 05/10/2016 07:52

chipperfrd,

They may have moved the price down, but will there be any follow through for them to buy into?
I am sure the Indian population will be happily buying at these prices in preparation for Diwali.

MML undervalued by just a little bit I feel! Get the feeling this will only get resolved with a move of gold into the $1400-$1500 range and a change in sentiment for even the most unloved gold miners.

Cheers,
Niels

[deka1] 05/10/2016 07:40

7% down after the smash on gold, could have been worse I think.

[chipperfrd] 04/10/2016 19:04

So it took another 99 tonnes of paper gold to get the rout going!

[chipperfrd] 04/10/2016 18:44

tightfist,

It's the usual 'same old, same old' we have had to put up with since 2012.

The SGE has got in the way by presenting a physical price since April which has allowed arbitrage to keep the difference to c. US$5 or so. With the SGE closed for a week it's back to the old games.

But the Banks do have to reduce their short exposure to the Dec contract - it currently stands at, wait for it ..... US$1,360 TONNES gold. So you can see that they are somewhat motivated to get some long closing helping them out.
Chip

[tightfist] 04/10/2016 18:36

Hi Justin,

Yes, very frustrating as imminent Q3 (Q1 in MML-speak) results should be very good with average PoG up 6% on the quarter. However, I note comments on the SHG thread that the SGE Shanghai exchange is closed this week for holidays, which provides some space for some US-inspired monkey business until SGE reopens. Any opinions on that?

Cheers, tightfist

[chipperfrd] 04/10/2016 18:36

leedskier,

It's not the threat of some puny 0.25% Fed rate rise (even if they could actually manage it without crashing the S&P), it's the usual cartel antics on the COMEX using concentrated naked shorts to dislodge longs and start a rout.

They have taken advantage of the Shanghai physical market being closed for a week's holiday so there can be no arbitrage. Last closing of SGE was gold at US$1,327.75, currently traded down to a discount of US$57/oz (-4.5%) by the paper market.

Silver is even worse. SGE closed at US$19.62/oz, currently US$17.79/oz (-US$1.83 or -10.29%).

All of this without a shred of news that can warrant it. In fact the opposite. US economic figures are dreadful. European banks pose a global systemic risk, etc, etc.

It's so blatent and quite disgusting that this still goes on and on!
Chip

[leedskier] 04/10/2016 17:10

A posted here last week that any hint if a US rate rise could see gold fall.Yamaha Gold is down double digits in New York tonight.

[justinjjbuk] 04/10/2016 17:05

Horrible breakdown in gold through $1,300.

So frustrating as I was looking forward to a bumper Q3 results season with the whole sector raining cash. My fear is that until we can find a support level for gold company level announcements will be completely ignored by the market. Aussie open tonight will be a bloodbath with everything marked down 5 to 10%.

A weak non-farm payroll number on Friday may stem the rout, but then again a strong number will slam gold again.

[tightfist] 04/10/2016 16:50

Wow! It's quiet here - all absorbed in the Annual Report?

Intriguingly a 14 page MML document on "Share Trading Policy" has just been released on ASX, some of it specific to CEO disclosures. I wonder why that has come about - there were comments/excuses? at the Mayfair meeting that trading windows for the BoD and Management were very restrictive.

Now that the rules are clear, hopefully we will see some meaningful BoD/CEO purchases.....


Cheers, tightfist

[cliley454] 03/10/2016 03:55

Not too bad.
Off topic take a look at ENGI. I posted some info on the BB.

[eintracht] 03/10/2016 01:31

Annual Report out.

[tightfist] 01/10/2016 19:02

Hi Steve,

I am fine thanks, especially after just returning from a super holiday in Brittany!

Hopefully BT has kitchen-sinked all the legacy issues he has encountered. After 6 months in the CEO chair his honeymoon is surely over, with zero shareholder patience for any more kitchen-sinking. We should now be on a good quarterly path with AISC progressively falling and production gradually ramping up; the reduction in head grade from dilution by L1-L3 ore may distort cash cost (and AISC) in the short term?

I was not too perturbed about the DENR activity until I saw your posting about OceanaGold. That really does seem to throw into question the professionalism of the whole audit process. It would be helpful if the whole community does throw it's weight behind Oceana and hopefully the politicians will start to take a more considered/balanced view.

Cheers, tightfist