Medusa Share Discussion Threads

[tightfist] 20/10/2015 12:40

Hi deka,

I think a revision to the upside is on the cards too for 2017.

I havn't done any fresh calcs following the London meeting. However, please bear in mind that they are only talking about 1,700tpd of HIGH grade ore up the L8 shaft (after the Service Shaft is operational). The upper levels will continue to dilute the head grade, at whatever haulage rate/% they set.

O/T: And yes, Shanta has really kicked-ass this morning. It's taken a while for the operational disruption>progress to filter through and be financialised at Shanta - Medusa should be following the same path.

Cheers, tightfist

[onedayrodders] 20/10/2015 12:29

If you are looking to diversify amongst a few juniors / mid caps .. take a lok at the turnaround story developing over on Shanta Gold (SHG)

[deka1] 20/10/2015 12:18

TF hi, perhaps he thinks the 2017 forecast will be revised to the upside,this new shaft is gona make a big difference to haulage tonnage,add a bit better grade into the mix and who knows lol, just to cheer me up a bit, I done the numbers when hauling 1.7ktd up the shaft, at 7 grams tonn and 95% recovery its 87kozs a year that's on 50 week prod working 5 day week it ,+I don't know what grade from the upper levels, say 5 gt,if the mill is running at optimum 2.5ktd,that would be 800 tons from lower grade of 5g would be around another 31kozs, giving a total for the year of around 118kozs, so they must be upping the grades from the lower levels by a couple of grams a ton a least.

[tightfist] 20/10/2015 11:50

Hi deka,

Yes, I am with you for Q1, more confident after listening to RG two weeks ago. With all the good development progress, I am still curious why he chose not to re-iterate the 2017 guidance of 135/145kOz advised on 17th June.

I am more concerned about how production will get reflected SUSTAINABLY in the share price You could see the last two weeks as "The London Effect" in which case we will need to wait another 6 months? Just need to be patient, Value-Will-Out eventually.

Cheers, tightfist

[arja] 19/10/2015 22:19

made a litle bit trading it deka1 but focusing more on trading FX of late . MML has has stalled in last 5 days but chart suggests it might kick on to 80 resistance level . depends on gold proice to some extent of course

[deka1] 19/10/2015 18:56

thanks for that adfyc, give us the benefit of your experience with gold miners then, what do you forecast for qtr 1.

[adyfc] 19/10/2015 17:09

Well your know before the results are out with this leaky ship. If it starts sliding in the coming days 30k is not on the cards.

[deka1] 19/10/2015 14:29

Hi TF, 1st qtr 29k/30kozs, imo

[tightfist] 19/10/2015 11:41

deka,

Yes, thoughts of getting back over A$1 and back in the ASX200 brings cheer. Steve's comments/warnings about Liquidity were timely - a mere 215k or £60k traded last night.

We need a good Q1 result in the next two weeks to gain fresh interest and take the next leg-up.

Cheers, tightfist

[deka1] 18/10/2015 18:06

The Typhoon is across the north island , so unless it changes direction it should miss Mindanao,anyway the mine is on very high ground.

[kimboy2] 18/10/2015 17:31

To the North IMV

[greenleaf] 18/10/2015 16:55

Is MML affected by the typhoon?

[chipperfrd] 18/10/2015 15:52

Podcast on the COMEX by TF Metals Report. Worth a listen:

[deka1] 16/10/2015 11:46

Steve hi, when MML gets back to a dollar/share the MC will be back over 200mil,
so re inclusion in the 200 will be on the cards, hopefully lol

[stevea171] 16/10/2015 11:07

Tightfist. I think institutions are wary of taking big positions in this stock because of low liquidity for large stakes. A lot of institutions will have reduced or sold out over the past year because of exclusions from indices and because of the low gold price and share price performance here.

Fund managers mainly just want to hold onto their jobs rather than achieve possibly heroic status in a few years time if this and other gold miners 10 bag or more .....

Q1 results to be released in the next 2 weeks.

[deka1] 16/10/2015 11:00

TF hi, the trade was done at the mid closing price, no way of knowing if it was a deal between two instis

[tightfist] 16/10/2015 10:15

deka,

Interesting. We havn't yet seen where the Van Eck holding went on/before 18th September; there is no ASX announcement of a new Substantial Holder. I wonder if this large trade will be somehow related? I hope those loose shares have got aggregated and that we now have a new and reputable institution coming on board for the long journey North!

Any comments, Justin?

Cheers, tightfist

[deka1] 16/10/2015 06:37

After hours trade at 11.4 million shares, are these rollovers or what?

[deka1] 15/10/2015 14:44

Gold touches 1190 for the second time in 24hrs, and smacked down again,next time ?

[deka1] 15/10/2015 06:47

From Hard assets .

Gold prices are headed for a critical test according to The Week today. The Federal Reserve’s ‘wait and see’ stance suggests policymakers there are in no rush to increase rates this year. “Sentiment over interest rates has been controlling gold prices all year,” says The Week “as traders prepare for a rise that will lessen the attraction of non-yielding commodities and boost the dollar”.

Market analysts agree that a threshold is looming “in the form of the recent high in August and the 200-day rolling average gold price”. However, some are more optimistic than others. Mining.com point to analysts at Denmark’s Saxo Bank who “sense a change of sentiment is unfolding”, with a rise above the $1,170 August high confirming that “a floor has been established”.

Capital Economics are suggesting that gold could “hit $1,200 before the end of this year, rising to $1,400 by the end of 2016″.
-------------------------------
China opening the gold exchange in a week or so,imo gold could see higher than 1200 by the end of the year.or may be by the end of this week lol

[stevea171] 14/10/2015 20:28

Gold at $1188 is now breaking above the 200DMA and is now catching up to silver. First base is to reclaim the $1180-1240 range it was in for a long time before the summer take down below $1100.

Gold has broken above its 200-day moving-average and pushed back into positive territoiry for 2015 amid a notable surge in prices (after whipsawing around in the last 24 hours). As the USD Index suffers its first 'death cross' in over 2 years.

Silver at $16.14 also is breaking above its 200DMA.

Investment funds and hedge funds are realising there are now no profits to be made in regular stocks so are beginning to switch into PM's and gold miners.

[deka1] 14/10/2015 07:58

Did you miss the 60%+ rise over the last 10 days arja ?
arja did your charts not point to the big rise coming , I think mml will see a dollar soon , before the year end .
good luck

[arja] 14/10/2015 03:51

MML a big disappointment in last 2 days as it struggles to kick on and ignoring
the higher gold price ! lost a bit on my trade but hoping it id just consolidating before a move to higher level.

[stevea171] 13/10/2015 22:43

Tightfist. Very detailed report. Been away also. Many thanks.