Share Name Share Symbol Market Type Share ISIN Share Description
Medusa Mining LSE:MML London Ordinary Share AU000000MML0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 97.50p 0.00p 0.00p - - - 0 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 66.2 33.0 17.5 4.8 202.60

Medusa Share Discussion Threads

Showing 42426 to 42448 of 42450 messages
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DateSubjectAuthorDiscuss
17/11/2017
19:29
I back the idea.
rrr
17/11/2017
18:04
A little off topic, but it does affect MML and other Gold Miners, and that's the dividing subject that is Bitcoin and other Cryptocurrences. I can see the advantages but are the massive price incresses justified, they are quiet incredible, speculation is large part of the price increase. But will Cryptos replacee Gold.some say Bitcoin will crash like the Tulip Bubble others say $100,000 per Bitcoin. Both sides have very intelligent people stating believable views.
bluelynx
14/11/2017
12:51
Hi speedsgh, Thanks for keeping us up to date. The Environmental award is great; just what we need at present. Any idea what Villanueva has done to upset people? If I remember correctly, I have wondered a little about how an Attorney follows-on from an Army Colonel. Maybe that is what you need to network in the Phillipines? Cheers, tightfist
tightfist
14/11/2017
11:38
Results of Annual General Meeting 2017 - HTTPS://www.medusamining.com.au/wp-content/uploads/171114_resultsofagm2017.pdf More than 46% voted against the re-election of Raul Villanueva as a director. Following can at least be construed as good PR... 2017 Presidential Mineral Industry Environmental Award (PMIEA) - HTTPS://www.medusamining.com.au/wp-content/uploads/2017-Presidential-Mineral-Industry-Environmental-Award-PMIEA.pdf
speedsgh
13/11/2017
19:14
AGM Presentation released on ASX. First impressions are that we are still heading in the right direction.
eintracht
13/11/2017
14:37
Cheers speeds
deka1
13/11/2017
12:40
Thank you Speedsgh :-)
chipperfrd
13/11/2017
11:06
Chairman’s Address at AGM 2017 - HTTPS://www.medusamining.com.au/wp-content/uploads/171113_chairmansaddressatagm2017.pdf AGM 2017 Powerpoint Presentation - HTTPS://www.medusamining.com.au/wp-content/uploads/171113_agm2017presentation.pdf
speedsgh
10/11/2017
07:39
MML: comes up as mml fpo on my search
devpatel
10/11/2017
07:28
Can someone give me the correct ADVFN code for Medusa please? I can't seem to find it on the list for some reason. Thank you
haughtonhoney
03/11/2017
19:22
cheers guys
deka1
03/11/2017
10:08
Hi Paul, Thanks for your take on the Q1. Like you I particularly noted the impending winder maintenance work, which I read to be in the current Q2 (IMO associated with suppressed production expectations for Q2) and the maintained YE guidance which is below the recent rate of production. I would have thought that the shaft sinking disruption is just a constant, but there may be exceptional events when the shaft reaches Level 10?, hopefully in Q3. So far the expensive underground drilling campaign doesn't seem to have delivered much? Will it shine through in the August 2018 resources or is it a fools errand? Or it really intended to help position a new deep, $40m? shaft in the fullness of time. Would appreciate views from more knowledgeable BB'ers. In the latest drilling results I noted the dense web of narrow high-grade veins to the East adjacent to the diatreme. Is it mineable? It's these geological and operational considerations that may/may not underpin Chip's attractive numbers - and then there is the national politics..... That's it for now, tightfist
tightfist
03/11/2017
09:07
Hi All, I read the recent Qly with some interest as i have not been invested here for some time. There are green shoots but there are also a few things flagged that may still sour developments over the coming 12 months. The pump replacements/repairs for flooding on L5 may be an issue for haulage as it limits Agsao and Baguio shafts. The new pumps on L8 will help with dewatering at the lower levels but i still don't like the wording that flooding is "rare". That implies it still floods and the work to access L9 and 10 will be impacted by this. The major winder maintenance will prevent shaft use for some time - not clear for how long - and this will have a knock on effect on production in the current (next?) Q. The production guidance remains as stated before Q1 FY and i think this reflects the amount of disruptive shaft sinking and maintenance work that remains. Once this is complete then MML should become a different beast, but shareholders have become used to setbacks over the last several years and i remain skeptical. Reserves are steadily falling but this is probably just a reflection of the type of mining rather than any longer term issues. Finally, each L is 50m deeper. At some point mining will potentially become uneconomical due to the flooding and haulage requirements. I do not hold for now but i do think there may be a window of 2-3 years where the share price can outperform. I'm not convinced MML is yet out of the woods. regards, Paul
polaris
31/10/2017
22:52
Many thanks Chip, that is a very interesting IMHO assessment. I will look to add a few thoughts and comments during the next few days. Going down to the Stratex General Meeting in the morning..... Will the CEO be given his P45?! Best wishes, tightfist
tightfist
31/10/2017
22:47
chipperfrd 31 Oct '17 - 10:56 - 37342 of 37348    0   0 I do have a relatively straight forward valuation comparison method for a range of stocks that I keep updated in Table#2 of my PM comparison board. That is purely based on 5 financial metrics and is therefore free of any opinion or forward assumptions, although, no doubt, some would still accuse me of bias in those stock comparisons. ---------------- An alternative interpretation of these financial metrics is: The cheaper the Company looks is an indication that the professionals have a greater belief that the forward forecasts of the Management are false / that the management will use the resource to feather their own nests rather than rewarding shareholders. So by buying the 'cheap companies' - you are effectively betting that the professionals are wrong in their interpretation that the management are liars / thieves.
augustusgloop
31/10/2017
20:50
Chip Thank you very much for the info, its greatly appreciated by all of us.
deka1
31/10/2017
20:26
Dek/TF, I have not been following MML closely over 2017 because of the L8 issues and the protracted build of the E15 shaft. I decided to just wait things out until L8 was sorted and E15 was completed. I have quite a wide ranging portfolio of other PM stocks to focus on as well as other non-market interests to keep me busy so have remained relatively sanguine regarding, what I consider to be, the heavy under-valuation of MML. So please excuse my lack of recency and need for a degree of refreshing with regard to the stock. As ever, there has to be some assumptions made when trying to make forward estimates and this is, in my view, somewhat complicated by trying to assess just how much E15 is likely to improve on the current position. MML have already stated that E15 will not be completed and commissioned by the end of the March 18 quarter so I have taken the decision (for my own model) to assume the improvements will not be fully felt until the September 18 quarter. Any increases during June 18 will therefore be a bonus. MML have also stated that L8 is currently unavailable for ore haulage for a minimum of 8 hours/day but elsewhere they are predicting c. 15-16% efficiency improvements once E15 is operational, so applying a simple c. 30% uplift to hoisting capacity does not appear to be advisable. Therefore, in the short term, I have decided to apply a 16% uplift in milling and to then adjust when actuals are available. Hence my current assumption for quarterly milled ore is 166kt which I hope turns out to be excessively conservative. I am using the reserve grade of 6.54g/t as it provides for the ongoing blend of stope and development ore arrived at by the independent consultancy. For recovery I am assuming the current 94.6% as it has been consistently in that area for many quarters. For PoG I am using a forward average of US$1,274/oz for no better reason than it being my last recorded value on Friday. Clearly it can go anywhere given it's heavy manipulation. So then it becomes a matter of deriving estimated numbers for the P&L and also assessing the likely figures for overall cash-flow for the 2018-19 FY. Using current cash costs of c. US$565/oz, G&A of c. US$1.3m/qtr, D&A of c. US$3.9m/qtr, and tax at 30%, I get an NPAT of US$12.7m/qtr, which equates to an EPS of 6.2c/share/qtr (c.4.7p/qtr at current forex). Over the FY that would be EPS c. US$0.246 (£0.187). At a x10 PER that would infer a share price target of US$2.46 (£1.87 at current forex) or c. A$3.21. note: I consider a x10 PER for a PM stock to be on the low side given the far larger multiples accorded for N.American stocks, so I think x10 allows for some heightened perception of political risks, et al. For cash flow: Assuming current outlays: ie Development c. US$22m pa Exploration c. US$5.2m pa Capital Works c. US$10.4m pa (although this should theoretically drop with E15 completion. My current estimate of 2018-19 free cash flow is consequently US$30.0m. But clearly there are many variables that might move in either direction so any set of estimates are very likely to be proven incorrect in one form or another. These are very much my own estimates and are purely IMHO. Chip
chipperfrd
31/10/2017
16:10
Cheers chip look forward to seeing it mate,
deka1
31/10/2017
15:09
Dek and TF, I will try and have a go at adding my 2-pennyworth once I can find the time to collect my thoughts. Chip
chipperfrd
31/10/2017
11:53
Hi Chip, Good to see you still calling-by here; I will go back to the Gold thread and refresh, I also hold SRB (how sleepy!) and CEY. Would much appreciate your IMHO thoughts on MML, it has seemed to be completely mispriced for so long (IMHO!) that even I have ceased trying to put a value on it. Do you sense that 140,000 Ozpa and $800 AISC are on the cards in a year or two down the line? I think they are the Co-O numbers that Boyd was flirting with in Summer 2016, and since then the prospects on Levels 9 & 10 seem to have got better. Cheers, tighgtfist
tightfist
31/10/2017
11:41
Thank you Chip.
deka1
31/10/2017
10:56
Hi Dek! Trouble with doing that is that I will then leave myself open for renewed accusations of being promotional and I really cannot be doing with all that aggro at my time of life :-) I do have a relatively straight forward valuation comparison method for a range of stocks that I keep updated in Table#2 of my PM comparison board. That is purely based on 5 financial metrics and is therefore free of any opinion or forward assumptions, although, no doubt, some would still accuse me of bias in those stock comparisons. On the other hand, because it's you, I guess I could just do my best to try and answer your question on my long-term basis of 'IMHO' and 'NAG', et al, and ignore any brickbats that get thrown. I will have a think about it. All the best. Chip
chipperfrd
31/10/2017
09:08
Chip hi, would you mind showing your possible target price for MML if they get to full production at 7g/t please.
deka1
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