Medusa Share Discussion Threads

[polaris] 10/1/2025 10:27

Good. Every step is in the right direction now to recover at least some value

[c9ajl] 10/1/2025 04:29

Execution of Memorandum of Agreement and Global Intercompany Settlement DeedHttps://cdn.prod.website-files.com/625624dea6f87c59c23b175d/677f8e4d3527f20294779c36_2025.01.09-ASX_Announcement-Execution_of_MOA_and_GISD.pdf

[c9ajl] 20/12/2024 12:23

Extract regarding the Tigerway:Tigerway (Decline) Project (X64 40%)Tigerway Decline Project is making progress and as at 31 December 2023 was estimated to be 67% completed. The Decline construction will provide the best option to access ore below Level 12 to underpin the longevity and enhance operational flexibility at Co-O.PMC advised that the total expenditure to 31 December 2023 for the Tigerway Decline Project ("Tigerway") amounted to US$38.4 million, which was funded by PMCFrom 31 December 2023 to the date of signing this report Tigerway continued under the direction of local management in the Philippines with the decline now advanced to 5,112 metres. The completion timing and total cost is under review.

[c9ajl] 20/12/2024 11:51

TEN SIXTY FOUR LIMITED (ASX:X64) - Ann: Half Year Accounts and Appendix 4D (31 December 2023)Https://hotcopper.com.au/threads/ann-half-year-accounts-and-appendix-4d-31-december-2023.8378203/

[c9ajl] 18/12/2024 19:15

Putting a positive spin on things. People have implied that even a 40% split at current gold prices would support a reasonable share price. Will that be in line with what we traded at before, that's anyone's guess? Sentiment will be poor no doubt for a while as people dump shares they've not been able to sell for ages, but others will be happy to pick up a bargain. Either way, it will be nice to have the share trading again after this shambles.

[ilostthelot] 18/12/2024 16:02

You would think with gold so strong they must be making money. The decline was meant to be the game changer.

[ilostthelot] 18/12/2024 16:01

It's all very confusing what's going on.The snippets on hotcopper suggest shareholders will be getting shafted.The statement from the current ceo suggests - we will come oit if administration strongly.Does anyone know if they're still mining?I've emailed the company several times to ask. They haven't returned my emails

[c9ajl] 14/12/2024 21:29

The biggest question outstanding for me is who controls PMC. Joseph Mahusay has a legitimate claim to be president of PMC. This has recently been recognised by the courts after Jeff Mcglinn was cleared over any wrong doing in the transfer of the PMC shares to Joseph Mahusay, while he had a power of attorney over Raul Villanueva. However, Raul Villanueva is still in Physical control with boots on the ground and isn't going to just rollover. So until this is resolved I don't see how any meaningful deals can be signed with Raul Villanueva if Joseph Mahusay is the true president. Does this make any deals null and void if and when Joseph Mahusay can take physical control of the mine. One for the law firms to sort out no doubt, but until this is resolved I struggle to see us moving forward. Hot Copper is definitely the best place to ready the latest commentary.

[polaris] 14/12/2024 09:56

We may finally be closing in on agreement and a path to relisting hTTps://www.asx.com.au/markets/trade-our-cash-market/todays-announcementsI really hope that this comes through. The road has been very long indeed. We still need clarity on the 60% but this will allow company to file all necessary documents for réaliste based on the 40% direct holding

[glavey] 12/12/2024 05:17

gwm121 - sent you a private message previously, click on your mail icon at the top right of the page to read it.

20 Dec. - just checking to see if you'd like to reply?

[gwm121] 11/12/2024 16:03

Interact inv my dealers wont sell mml.
I have paper certificate.
Does one find a uk stockbroker, or can an individual join asx and trade, how would the certificate get to them.
Thanks Tim, or others.

[glavey] 08/12/2024 08:23

gwm121 - p.m. sent.

[tim000] 08/12/2024 08:03

I agree the situation is complicated. Other contributors here will no doubt understand the situation better than I do. My impression is that the dispute surrounding ownership is gradually being resolved and the company’s shares will start trading again next year - possibly fairly soon? But I doubt anyone can say with authority precisely when. If you don’t already, you should read the Hotcopper thread on X64. Whether you should hold or sell I think depends on news not yet released and the share price once it’s being quoted again. Personally I would take account of sentiment on Hotcopper where the contributors seem to be well informed. You might even post there asking for help with your questions.

[gwm121] 08/12/2024 07:50

THANK YOU Tim.
I have an interactive investor account myself already so have sent them a secure message.
After researching mml x64 I've found a long note to shareholders from the "board" I must admit I cant understand what's happening or if the future is good or bad.
If I cant understand or find out what's happening i will sell after suspension, if there is any hope for improvement with little risk I will put in bottom drawer.
Have you an opinion please?
Is this the best board on advfn, cant find x64 here, and neither on LSE chats which I normally use.
Again big thankyou for reply.

[tim000] 07/12/2024 23:17

Interactive investor (ii) trade ASX shares very cheaply. Open an account and transfer your shares into it. I’m sure if you phone them they’ll say what you need to do. Then wait for the shares to be unsuspended and sell them. If you know anyone already with an ii account, you can both get discounts by them recruiting you to open an ii account.

[gwm121] 07/12/2024 22:33

Help please.
I havent looked at medusa x64 for many years.
I have a paper certificate.
Id really appreciate comment on how to sell, would one find a uk stockboker, or use asx .. How !!!
I have googled researched but totally confused as to prospects here or what might happen. Gold is now 2600.

THANK YOU !!

[c9ajl] 24/10/2024 22:03

Detailed Restructuring Agreements UpdateHttps://cdn.prod.website-files.com/625624dea6f87c59c23b175d/67121568baf92e3ed5945f91_2024.10.18-ASX_Announcement-Detailed_Restructuring_Agreements%20Update.pdf

[naughtynicky72] 24/10/2024 21:22

Fingers Crossed here I have £6500 on this ? Shame that people get so greedy and screw it all Up ! Wonder What this share price would be if it had been all running as normal with The GOLD PRICE At $2735 Oz As I Post This ? Good Luck All You Longs !

[ilostthelot] 24/10/2024 10:46

Will we ever get a bean back ?

[c9ajl] 18/10/2024 19:03

Detailed Restructuring Agreements UpdateNow extended to 20th November Https://cdn.prod.website-files.com/625624dea6f87c59c23b175d/67121568baf92e3ed5945f91_2024.10.18-ASX_Announcement-Detailed_Restructuring_Agreements%20Update.pdf

[c9ajl] 27/9/2024 20:17

FINANCIAL REPORTFOR THE YEAR ENDED30 JUNE 2023Https://cdn.prod.website-files.com/625624dea6f87c59c23b175d/66f6945e5dc32d8b402c7c72_2023_Audited_Financial_Statements.pdf

[polaris] 26/9/2024 17:38

Hmmm. Let's see where this goes. The current board had little option but to do what they have done, given the options. The DOCA made sense and X64 are legal owners of 40% of the entity under discussion in court. What happens with the other 60% is still up in the air

[c9ajl] 26/9/2024 06:47

I have copied this from HotCopper. Again, lots of discussion over there regards the latest announcements:Dear Esteemed Ten Sixty Four Shareholders,RE: COURT DECISION AND MOVING FORWARDThe court case was initiated by Raul Villanueva and his associates, who sought to challenge my ownership of PMHI and bring legal action against myself, Ramon Austria, and Jeff McGlinn. However, the court thoroughly examined the evidence and rejected these claims, confirming that our ownership of PMHI, and by extension, PMC, is both lawful and binding. The court has cleared myself, Ramon Austria, and Jeff McGlinn of all false charges that were put against us. Villanueva's actions-taken after his termination in February 2023-were deemed unauthorized and illegal.The court also nullified all agreements and actions made by Villanueva, Marie Glenn Cedeno-Sorila (current Company Secretary), and Armando B Dy (current CFO of PMC) in their attempts to maintain control over PMC for personal gain. These actions have been invalidated. This case is unappealable under the Double Jeopardy laws in the Philippines. I encourage all shareholders to read the full court decision for yourselves, which I have attached.Additionally, the court confirmed that Jeff McGlinn, who acted as an officer during this turbulent time, operated entirely within the bounds of his legal authority. McGlinn has endured undue backlash throughout this period, but he has always stood firm in protecting the rights of shareholders, including himself, as he is also a shareholder in X64. He has spoken to many of you and is well aware of the struggles you have been facing. His actions to safeguard the company's assets and integrity have now been fully validated by the court. Jeff's unwavering commitment to the long-term health of PMC and X64 has been crucial in maintaining the company's legal standing during these trying times.The Current X64 Board – A History of Poor DecisionsFor the past 16 months, the current X64 Board, installed by Ryan Welker through aggressive Section 249 campaigns, has failed to prioritize shareholders' interests. Their reinstatement of Villanueva as President of PMC, despite his termination and harmful actions, speaks volumes about their mismanagement. Additionally, they settled with Ryan Welker and appointed him as Non-Executive Chair of MMPRC, further benefiting Welker at the company's expense. They placed X64 into administration, incurring over AU$1,000,000 in fees, and appointed a CEO with an unnecessary and costly bonus structure. These decisions have weakened the company, created instability, and led to financial losses for shareholders.I want to make it absolutely clear that I will not be working with the current X64 Board. Their actions over the past 16 months have been self-serving and have caused irreparable harm to the company. I will be writing to the X64 Board to demand full accountability for their mismanagement and to hold them responsible for the damage they have caused. Given their history of poor governance, I will not work with them moving forward, as they do not serve the best interests of shareholders.Steps to Move Forward:1. Regain Control of PMC: We will act immediately to regain full physical and operational control of PMC, removing all illegal agreements and restoring proper governance.2. Install a New Board: A new, professional, and shareholder-focused Board must be installed for both PMHI and X64. This Board should prioritize long-term growth, transparency, and accountability, ensuring that decisions are made in the best interests of shareholders.3. Investigate Past Actions: We will launch a full investigation into the actions taken by the current X64 Board, including their decisions regarding Villanueva's reinstatement, settlements with Ryan Welker, and the mishandling of company finances.4. Strategic Plan for the Future: We will develop a clear, comprehensive plan that outlines the future of PMC and X64. Shareholders will be presented with various options, ensuring that your voice is central to the company's future direction. Whether through relisting on the ASX or exploring other growth opportunities, our goal will be to restore shareholder value and rebuild the company.A Call to Action – Stand Together to RebuildThe court's ruling is a significant victory, but it is just the beginning. As the saying goes, "The only thing necessary for the triumph of evil is for good men to do nothing." I urge all shareholders to stand with me as we move forward. Together, we can restore what has been lost, hold those responsible for their actions, and build a stronger, more transparent future for X64 and PMC. I commit to keeping you updated as we reach significant milestones in this process, and I thank you for your continued trust and support.Now is the time for us to stand united, take control of our company, and ensure that its future is one of success, stability, and growth.Veiw Court Order:https://aus01.safelinks.protection.outlook.com/?url=https://philsaga.us21.list-manage.com/track/click?u=d5ee0ad800ceb70ff358441f6&id=80465cfc0d&e=70801042a1&data=05|02||db0a4dd629274adb6bff08dcdd6b9f4b|84df9e7fe9f640afb435aaaaaaaaaaaa|1|0|638628701525184621|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0=|0|||&sdata=IoKZfUUaMAR93PXMDlPS4s2Iw3odc7vH1gyGXMNa6VE=&reserved=0Yours very truly,Joseph P. MahusayPresidentPhilsaga Mining Corporation

[c9ajl] 25/9/2024 14:55

Philippines Legal Dispute UpdateHttps://cdn.prod.website-files.com/625624dea6f87c59c23b175d/66f3e3e154ff513c4e121bef_2024.09.25-ASX_Announcement-Philippines_Legal_Dispute_Update.pdf

[c9ajl] 23/9/2024 08:51

Copied from a post on HotCopper. So I suggest you head over there for all the details and ongoing conversation. Just thought others might have seen this update. Nothing on ASX yet as far as I can see. Philippines Court Decision - J Mahusay victoriousJoseph Mahusay and Jeffery Mcglinn after 16 months of fighting for justice for x64 shareholders, have been victorious in the Phillipines court yesterday. Joseph Mahusay is the legal PMC president and Raul Villanueva has lost control and has now been found guilty.