Medusa Share Discussion Threads

[stevea171] 09/11/2016 09:17

Medusa. UBS Group (UK, AU, EU) announce a 5% stake (10.5 million shares) and
A Teo makes a market purchase of 25k shares.

[edjge2] 09/11/2016 07:58

Thought Trump would now I hope he goes for medical freedom, Drug co share prices will suffer as radio and chemo just about mandatory for cancer when cannabis oil kills pain and cancer. Nice 10% up today MML. Beware Trump not in yet and not functioning til later on.

[ilostthelot] 09/11/2016 06:08

Looks like Trump has done it. Will we see gold head over $1500 short term?

[stevea171] 07/11/2016 21:52

RTG drilling 5km from Co-O.

RTG Announces Renewal of Exploration License and New Drilling Campaign at Bunawan Project Subiaco.
The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG) is pleased to announce that the Mines and Geosciences Bureau (“MGB”) in the Philippines has just renewed the Exploration License (EP-000033-14-XIII) (“EP”) for the Bunawan Project in the Philippines for a further 2 years.

With the renewal of the EP, a 1,500m diamond drilling program is now planned to commence mid-November and will target key areas highlighted in the December 2015 Gradient Array - Induced Polarization (GAIP) and Dipole-Dipole Induced Polarisation (DDIP) programs.

Inversion results, when integrated with previous drilling, magnetics and geochemistry, show that mineralisation is associated with elevated IP responses.

The program will target 5 areas where the IP response from the GAIP and DDIP programs were very strong (see Figure 1 below) and coincided with the structure from the magnetics and geochemistry.

The results from this phase of drilling are expected to extend the mineralisation, both along strike and down dip from the results of the 2014 reconnaissance drilling phase.

ABOUT BUNAWAN

The Bunawan Property is located in the east of Mindanao Island in Agusan del Sur province, approximately 190 km north-northeast of Davao and adjacent to the Davao – Surigao highway.

The Bunawan Project is centered on a diatreme intrusive complex (Mahunoc diatreme) approximately five km NE of Medusa Mining’s Co-O mine in eastern Mindanao. A number of artisanal mining operations occur within and adjacent to the Mahunoc diatreme and the area is highly prospective for the discovery of economic epithermal Au-Ag mineralisation of intermediate sulphidation / carbonate-base metal type.

Location plan with regional geology

Following the granting of the Exploration Permit for Bunawan in August 2014, the Company completed a successful reconnaissance drilling program of nine holes for 3,074 metres with 6 holes demonstrating mineralization, with the results announced previously on 5 February 2015.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and Australian Securities Exchange. RTG is focused on developing the high grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production.

RTG has an experienced management team (previously responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited), and has B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.

[stevea171] 04/11/2016 20:53

AG. Watch and see! MSM reporting gives a totally false impression.

All in place for a totally rigged election with the the result stolen from Trump and given to HRC. Clinton and many other cohorts to be taken down by the FBI.

Bigger than Watergate. Nothing like this in American politics in the last 100 years or ever ....

2.6 million views on Utube in just a few days, but totally ignored by the MSM.
The Hillary Clinton Takeover of the United States
(4 mins)

[edjge2] 03/11/2016 21:41

Switched some of these to HOC. Shiftyness from mangement not encouraging. Silver likely to explode more than gold.

[atlantic57] 03/11/2016 21:16

Justin I look forward to reading your comments after the election result is known.
As you rightly say there are opportunities for those who have the skills to exploit these opportunities.

[goldminer70] 03/11/2016 08:27

Justin
You are the first person I have heard who made a bob or two from Leave. I had a series of bets on leave solely on the belief that the leave voters seemed more certain to actually vote. In the end it was a very high turnout.
In US I don't think either side is likely to turn out than the other
Goldminer70

[justinjjbuk] 02/11/2016 23:24

Atlantic

I thing you are right about the volatility. Although with volatility comes opportunity. Will be a very interesting 10 days going forward.

Justin

[atlantic57] 02/11/2016 19:04

Justin that is a very interesting analysis but I suspect whoever wins such a bitter
Contest will give rise to volatile conditions in the immediate aftermath of the result.

[chipperfrd] 02/11/2016 15:46

re the ability of the Commercial 'price-setters' on the Comex to drag the PMs back down:

I posted this on my comparison thread this morning:

At the close yesterday, the Open Interest on the Gold December contract was at 360,658 contracts. This equates to 1,121 tonnes of Gold. Clearly, such a huge amount of paper gold cannot be delivered on - so what will happen!

With just 20 trading days until that contract goes off the board it would imply that to get to zero some 18,033 contracts per DAY (ie 56.1 tonnes) need to be cancelled/closed, which looks increasingly unlikely with gold moving up again and a very dubious election result due next week!

For Silver, it is much the same. OI is 139,710 contracts (21,727 tonnes for goodness sake! close to a full years worth of production). This would require 6,986 contracts (ie 1,086 tonnes) to be liquidated per DAY before the end of November - VERY unlikely IMO.

The TOTAL delivery of gold at the Comex over 2015 was just 50.44 tonnes. So far in 2016 deliveries have been 172.82 tonnes. This puts the 1,121 tonnes outstanding on the Dec16 gold contract into stark perspective!
Chip

[stevea171] 02/11/2016 15:18

Justin. Yes, I was not expecting the PM's to move until after the US election result on the 9th but put this present move down in some part to the Comey bombshell last Friday to reopen the investigation into HRC's emails. This changes the likely election outcome massively in favour of Trump which is considered to be good for gold.

I don't pay any attention to MSM reporting of the election or their polls. They are totally corrupt and giving one sided support to HRC as acknowledged by 75% of the American public in a recent poll. The 'establishment', the 1%, is desperate for a HRC victory because the alternative would be Trump 'draining the swamp' which would include HRC, Obamba, Bush, Lynch, Comey, et al being rounded up, tried and put away. Last night the CH 4 news led with the US election and after a few minutes I had to turn it off as it consists of slanted reporting straight from the MSM and BBC play book ie anti Trump, pro HRC propaganda as it has been all along but is getting ever more blatant and is totally out of touch with reality.

The independent media has the only reliable reporting on the election - what is going on with the public and under the surface. It seems in a fair election Trump would win by a country mile but the election is not fair. The early voters are having straight Trump votes switched to HRC in Texas and other key States. Not only that but Soros owns the voting machines in 16 states and he is a top supporter and funder of HRC, Black Lives Matter etc and has been funding NGO activity to effect regime change all over Europe with the colour revolutions, the latest being the Maidan coup in Ukraine.

There can be little doubt that the election votes will be massively stolen from Trump and given to HRC to change the outcome in favour of HRC.
'It matters not how the votes are cast, what matters is who counts the votes'.

A HRC victory on 9th November will not be accepted by the mass of the country who didn't vote for her and know the result is totally rigged. There will be legal challenges in many States for weeks/months, accompanied by mass revolt on the streets.

I see this as catastrophic for the markets but very good for gold and silver as there is flight to security in 'real money'. Good luck with selling up and being out of the markets. I think that's the thing to do generally but not specifically with gold other than for a day or two if everything crashes together.

Here's how they will rig the election result in real time
hxxps://jonrappoport.wordpress.com/2016/10/31/biggest-election-fraud-in-history-discovered-in-the-united-states/

Clif High interview last week with Greg Hunter.
Internet data mining expert on his analysis of the election and silver the Metal to Own, Huge Demand Coming

[deka1] 02/11/2016 14:51

I took the 9/4 about The Donald from the magic sign today,2.25 /1.
the people get the gov they deserve lol

[atlantic57] 02/11/2016 14:49

In any case, the problems with the financial system are far too great for either Clinton or Trump to make any difference. The entire system is rotten and must fail eventually.


i totally agree with the above statement. i have been wrong for 8 years but i believe
the day reckoning is here regardless of who wins us election.

one of my key barometers would be the Bond markets where interest rates appear to be rising regardless of what JANET YELLEN does or does not do.

[chipperfrd] 02/11/2016 14:34

Justin

The betting companies got it completely wrong over Brexit and I expect they will be completely wrong over Clinton. People are sick of the status quo and are increasingly likely to vote for 'none of the above' when it comes to the elites. Watch out for the Italian, French and German elections that are coming down the track!

The half of the Democrats who supported Sanders had their votes rendered irrelevant when it was stolen for Clinton by their own party, so where exactly are her votes going to come from!

Clearly Trump is a nightmare for the PTB and he will probably be a disaster as president but social media volume put him well out in front of Clinton.

Holding PMs was a great play over Brexit and I am expecting a similar result when Clinton fails. In any case, the problems with the financial system are far too great for either Clinton or Trump to make any difference. The entire system is rotten and must fail eventually.
Chip

[justinjjbuk] 02/11/2016 13:19

Steve.

I think the gold market has been highly sensitive to a Trump victory. It first spiked up to the mid-1,270s on the original revelation that the FBI had informed the Senate committee that it had reopened the investigation into Hilary's emails. It then moved into the 1,280s as we got the first post-FBI opinions polls showing a sharp narrowing and in some cases lead by Trump. Today, we seem to have a short squeeze added into the mix and as I speak gold is flirting with $1,300.

That said, the betting markets are still showing Trump with only a 26% probability of victory. I like betting markets because people are putting real money where their mouths are (unlike most people predicting the results of elections who have partisan bias). I am now looking at the Betfair page on the US elections almost as much as the gold price to help me with my positioning (currently Betfair has £92 million staked on the outcome).

hxxps://www.betfair.com/exchange/plus/#/politics/market/1.107373419

The other site I check into every day is Nate Silver's FiveThirtyEight (hxxp://fivethirtyeight.com/politics/). Silver is a professional statistician and not long ago wrote a seminal work on forecasting "The Signal and the Noise", one of my all time favourite books. His prediction model is very sophisticated and incorporates polls at both state and local level and their correlations. His track record in past US elections is superb. He now has Hilary at 71.2% and Trump at 28.8%. Trump odds have come in a lot from around 15% over the last week. A good piece by Silver on Trump's possible path to the White House is here:

hxxp://fivethirtyeight.com/features/election-update-yes-donald-trump-has-a-path-to-victory/

Nonetheless, I have just sold every one of my gold holdings (even my Aus favourites like RMS and BDR) and gone completely to cash for 2 reasons.

1) Over the next 10 days everything is one highly leveraged and volatile bet on the outcome of the US election. I don't want to have such a large part of my personal wealth involved in such a bet.

2) Despite the Trump surge, the betting markets and Nate Silver still see Hilary as odds on favourite. At the beginning of October, we saw gold fall from $1,311 on October the 4th to $1,268 on October 5th. I think we could see a repetition on November 9th, with the gold shorts out looking for blood.

Just want to remind everyone who likes picking gold mining stocks that at the minute they are not really doing that: they are picking the winner of the US election.

Justin

[goldminer70] 02/11/2016 11:26

Steve
You are right cruises don't come cheap, but it was a great way to celebrate our golden wedding.
Don't tell the wife, but in the past, I have made the cost of the cruise for both of us and then lost the cost of a single cruise on MML.
The overnight fall of 1% doesn't reflect a large amount of sellers over buyers.
Goldminer 70

[stevea171] 01/11/2016 20:38

Goldminer. Those cruise ships don't come cheap!

Yes, the ASX requires miners to report quarterlies by the end of the month following a quarter. Medusa takes that rule to the limit by reporting on the last day and not infrequently after the close on the last day eg yesterday, they reported not only on 31/10, but nearly an hour after the ASX had closed - at 4.53pm cf 4pm exchange close.

It's inconceivable they don't have the figures within a few weeks of the end of a quarter like everyone else but then they sit on the results because they are usually poor, or containing negative surprises or both!

Justin, quite right: "There should be stock market adage in there somewhere. Perhaps "Reporting late, bloody well evacuate!"

Yes, the workforce is probably aware in general how the company has performed and in touch with outsiders so the insiders have the inside track as it were!

Order book for tonight says it all:
30 buyers for 395,362 units 61 sellers for 996,751 units

[augustusgloop] 01/11/2016 18:29

From the annual report August 2011

"The Managing Director, Peter Hepburn-Brown, commented:

"It is both a privilege and a challenge to be invited to become Medusa's Managing Director as it enters the next growth phase in its quest to become a 400,000 ounce producer by 2015."

-----------------------

polaris 31 Oct '16 - 09:29 - 36642 of 36651 1 0

There is nothing surprising in that Qly. MML is in a period of redevelopment and will not come out of it until the end of the current fiscal year.


LOL

They have been in a period of redevelopment for at least the last 5 years -- and for the last 4 years they have been within 12 months of completing it.

Only a sucker would still believe them.

[goldminer70] 01/11/2016 16:59

Steve you have good memory. Yes I would love an expenses paid attendance at the AGM.
Seriously I think the report was worse than most of us expected, yet this wasn't reflected in the overnight SP, it shows that amongst other things MML is a leaking ship. It seems a lot of people had some idea of the quarterly results. If tonights outcome is the same as last night this will be confirmed.
I'm not sure if it is a legal requirement to publish quarterly results within a month of the previous quarter but MML issued their results at the close of business on the last day of the month. i.e the last possible moment. Other goldminers issued theirs (including Justin's RMS) in previous weeks.
Goldminer