Medusa Share Discussion Threads

[atlantic57] 07/9/2015 16:02

Agreed MMl is not alone the sector has been decimated !

What will it take to get the gold price moving upwards I must confess I don,t know the answer.

[deka1] 07/9/2015 15:10

Arja all the goldminers have been butchered ,not just mml , look at CEY increased prod over the last 2 years or so from around 250kozs to 450kozs and its still trading in the 50p-60p area where it was three years ago, and all the rest are similar, sector sentiment all time low.

[arja] 07/9/2015 13:14

deka1 - yes it was 12.1 million and went up a cent in the auction. might be significant but MML really needs a much stronger gold price to make it motor as do the other gold stocks in OZ .
Atlantic - I thought MML was profitable with gold price at current level but perhaps not .

[tightfist] 07/9/2015 11:19

Nice to see that size of trade leading away from what seems to be a very suppressed price level. At 5.5% of the issued shares that must be a notifiable transaction? Or is it a matched Buy and Sell?

I wonder who if Dimensional Entities folk have the appetite for more shares - they came on board for their 5% at around 84c on 18th June. Are Van Eck already off-loading?

[deka1] 07/9/2015 11:01

Cheers guys,

[chipperfrd] 07/9/2015 10:56

The last trade was 11.4m shares at 44.5c.

[stevea171] 07/9/2015 09:01

Dek. Yes, 12.1 million traded with closing price 44.5p.

This share price was apparently not attained during market open hours but it was the closing auction price. Also that volume is very high and has not been seen since December so it's likely quite a bit of the volume (most?) comes from the closing auction also.

Maybe a parcel of 5 million plus shares was put through at end of day between two brokers with the buyer having to pay the high price for the day to get that volume?

[cp42kx07] 07/9/2015 08:45

deka

The 12.1m looks correct (equivalent 5.8% shares in issue). Institution exiting? Predator mopping-up? Surprising that the rise wasn't greater given the level of trading.

[deka1] 07/9/2015 08:15

According to the ASX, MML closed up 6% on vol of 12.1 million trades, anyone confirm this please ?------------- closing price at 44.5c

[deka1] 07/9/2015 08:10

According to the ASX, MML closed up 6% on vol of 12.1 million trades, anyone confirm this please ?------------- closing price at 44.5c

[atlantic57] 07/9/2015 07:44

Arja MMl is a call option on the gold price !

If the gold price tanks then MMl will either tank or presumably be mothballed.
On the other hand if gold goes up despite the record of MMl I suspect all will be forgiven.

[arja] 07/9/2015 03:33

but edged up from there in last few days and 43 and up 1 today at the moment .

[buywell2] 06/9/2015 19:53

MML now sits at 40cents on the ASX = the bottom blue line on chart

buywell2 4 Apr'14 - 09:41 - 4421 of 4746 0 0 edit

[bluelynx] 06/9/2015 14:25

Steve

Sounds very sensible too me let's hope it turns out as you discribe...... even though I may be quite disillusioned with the PM sector I refuse to sell out now. All the fundamentals indicate Gold should be much higher, and when the FED / USA Government loose control, market crash as you say, and resort to more QE Gold should reach a more reasonable price. I'd be pleased with $1,400.

[stevea171] 06/9/2015 11:55

BL. When the US markets crash it is likely to be good for the PM's as an alternative to stocks and bonds.

Soon after, the Crimex is likely to hit the wall and have to cash settle. The 'claims per ounce of gold' deliverable at current prices has spiked higher once again, to 126:1. The Crimex is getting more out of balance all the time and imo is just waiting for the Global Financial Crash to hit full force when it hopes to go under the radar with default when the level of chaos is at its maximum.

At the same time ie later this month the Allocated Bullion Exchange ABX which has been waiting in the wings for the past 6 months doing beta testing will go live world wide to much fanfare and wipe the floor with the discredited LME and Crimex. Hopefully ......

[bluelynx] 06/9/2015 11:26

Interesting interview with Peter Grandich on Gold Seek Radio, at about 24mins he discussed Gold and states that in his life time of investing he has never known Gold to be such a totally hated investment, which should signify a bottom.

Lets face it even most Gold Bulls have given up on Gold returning to an even slightly increasing Bull market, and in that group I include quite a lot of posters on this BB, me included in that number! May be the only way is up!

hxxp://radio.goldseek.com/

[stevea171] 05/9/2015 23:18

Jeff Berwick's "Shemitah Exposed" video has gone viral since its release on 14th July with 1.45 million hits.

Now he has released a follow up video a few days ago detailing latest significant events since "Shemitah Exposed" was put out and current outlook:

SHEMITAH EXPOSED II: The Most Disturbing Events and Trends We Face in September and Beyond. (23 mins)

[stevea171] 05/9/2015 13:31

Medusa Mining (ASX:MML) A$0.42, A$87.3m – Update on Mineral Resource Estimate

• Total inferred and indicated mineral resources at Co-O have been estimated as at 30 June 2015 at 3.5 Mt at 10.2 g/t gold for a Total of 1.15 m oz.
• This compares with an estimate on the 25 September 2014 of 4.34 Mt at 10.1 g/t gold for 1.41 m oz.
• The oz in the indicated category remain largely unchanged as a result of a higher grade (12.2 g/t gold) and conversion from inferred to indicated.
• The reduction in the overall resource is due to a number of factors.
• Resource depletion of 105,000 oz accounted for 40% of the difference.
• The balance is due to untreated mined low grade material, reduction of interpreted vein thickness at depth and the addition of a higher proportion of internal waste for the discontinuous nature of some veins.
• Inclusion of further underground drilling results enabled the upgrade of inferred material to the indicated category.

• Total indicated and inferred resources at Bananghilig stood at 24.5 Mt at 1.4 g/t gold for 1.136 m oz and for Saugon at 81.5 tonnes at 5.97 g/t gold.
• These resources have not been updated for the JORC 2011 code and remain unchanged since 2013.
• The re-interpreted geology for the Bananghilig deposit will be used for a revised estimate expected in Dec 2015.

proactiveinvestors.co.uk/columns/sp-angel/22893/today-s-market-view-including-beowulf-mining-goldplat-medusa-mining-and-kodal-minerals

[deka1] 05/9/2015 13:19

Cheers steve,

[stevea171] 05/9/2015 12:55

US markets on track for Shemitah crash this month?
ABC chart move? with B move reversal completing .....
US Labor Day holiday Monday.
9/11 anniversary Friday.

Some big moves this week...

Dow Industrials lowest weekly close since April 2014
Dow Transports lowest weekly close since May 2014
S&P 500 lowest weekly close since Oct 2014's Bullard lows
Nikkei dumped over 7% this week - worst week since April 2014
Utilities collapsed 5.1% this week - worst week since March 2009
Financials lowest weekly close since Oct 2014's Bullard lows
Biotechs lowest weekly close since Feb 2015
Investment Grade Corporate Bond Spreads worst since June 2013
AUD plunged 3.5% on week against the USD - worst week since January 2015 and worst 4-weeks since Oct 2014 - China proxy

Financial expert Jeff Berwick says you don’t have to wait for the next market crash. Berwick contends that financial facts and the so-called Shemitah are lining up and predicting a coming calamity.

Berwick, who recently produced a video titled “Shemitah Exposed,” explains,
“I think it’s already started. I put up that video in July, and by the end of August, we were already seeing major crashes happening around the world. The Chinese stock market has been in complete free fall. Of course, what happened in Greece, everyone knows about that, and there are actually 20 other stock exchanges . . . have all been in a crash in the last few weeks. My question is did the Shemitah start early this year or are these going to be pre-shocks to something that is going to be much, much worse?”

“September is going to be incredibly volatile and risky, and it might not just be September.”

Every time the Federal Reserve says it will print a lot of money, the stock market goes up. I think, this time, a lot more people are aware of how this system is hanging by a thread. If the only answer they have to fix it is to keep printing money and for government to keep going into debt . . . I think a lot of people are going to wake up and say we’re headed for Zimbabwe. We are headed for complete hyperinflation if this keeps up.”

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015

[deka1] 04/9/2015 18:22

A good watch chip, when it s put together like that , we can see what an utter corrupt rotten system the Yanker bankers operate ,they are a criminal organisation , when is the world going to wake up to it.

[chipperfrd] 04/9/2015 15:54

33 min audio broadcast summing up a whole host of factors of interest to PMs.