Medusa Share Discussion Threads

[bluelynx] 22/12/2015 08:24

Yep, I've added quite a few at this current price range and may buy more. Lets hope things improve soon.

[deka1] 21/12/2015 21:03

Cheers steve,they must have really left the choice till the last min,or they were trying o persuade the old man to stop on lol.

Blue at this price , and the future forcasts they are putting out for the comp, I expect them to fill their boots at this price, i'm gona buy a few more soon.

[stevea171] 21/12/2015 19:56

Due Q2, so in the next few days?:

"At the Bananghilig or B1 Deposit, we are currently finalizing a new resource estimate which will then be subject to preliminary mining studies in CY 2016. Scout drilling is in progress at the promising Guinhalinan prospect."

"BANANGHILIG (B1) GOLD DEPOSIT
Geological re-interpretation
The B1 Deposit re-interpretation is the basis for a revised model and estimation of a JORC 2012 mineral resource, which is intended to be completed during the December 2015 quarter."

Nearly 6 weeks since this announcement:
"The selection process of the incumbent CEO is in its final stages and an appointment is expected shortly. I have agreed to assume the role of Executive Chairman on an interim basis to ensure continuity until the appointment of a new CEO."

[bluelynx] 21/12/2015 19:25

Thanks for that info deka.

I will be extremely disappointed if they do not make very significant purchases as soon as they can, if they don't feel confident enough to buy then they should all be replace by a more competent board. They just seem to be a bunch of parasites.

[deka1] 21/12/2015 19:15

Blue , directors are only allowed to trade stock I think twice a year , and its after the yearly report within the first week or so, and it may be the half year as well.IIRC

No doubt someone will correct me lol

[bluelynx] 21/12/2015 19:10

Hi deka

I have no idea as to any restrictions they may be under, but surely they must have had plenty of time to buy over the last year.

[deka1] 21/12/2015 18:23

ILTL, hi , hope you are well,is Chris ok these days do you know ?
be lucky and all the best to you and yours.

Blue hi, 6 for a pound now, can they buy after the half year report, is that a window for Director buying?

[ilostthelot] 21/12/2015 17:04

Aye deka Chris is an intelligent man. He was my boss for a few years. The government's are so corrupt they could supress any price for longer than you can remain solvent.. that's the trouble. Imo..

[bluelynx] 21/12/2015 16:51

One question; if everything is on track why are the Directors not buying at these depressed levels. Actions speak louder than words.

[arja] 21/12/2015 12:04

thought the firmer gold price might help MML but still down a cent to 33 ! NCM rallied but most other aussie gold stocks were off a bit .

[stevea171] 18/12/2015 21:25

Cogs moving imperceptibly (ie 2015 yet another wasted year) to take gold price setting from Crimex/LBMA to Shanghi GX/ABX but here's the latest to look forward to next year now:

Andrew Maguire – Absolutely Stunning Developments In The Gold Market And At The LBMA
December 18, 2015

Andrew Maguire: “Eric, now that we have the well-anticipated Fed rate hike out of the way I wanted once more to focus upon the unprecedented, game-changing liquidity drain out of London into Asia. This is evidenced by the increasingly illiquid LBMA fixes. I don’t see this discussed anywhere else and given the pace of this liquidity drain, this will become the catalyst for the inevitable forced cash reset in the highly leveraged unallocated London gold markets…

Quietly and without fanfare or mainstream media attention, liquidity is migrating to the physical exchanges away from London. I have been highlighting this migration for many months now and increasingly so as the official pre-launch Allocated Bullion Exchange comes quietly on-stream, providing a conduit for producers to both source alternative non-insider financing and, critically, the ability to choose the day, hour, and depth of liquidity at which they wish to sell their production at the offer, not as happens at present at market in an increasingly illiquid paper dilutive and insider-run LBMA fixing process.

Next comes the very unwelcome (for the LBMA) Shanghai Gold Exchange competing fix, and a recent update suggests earlier than that as recently leaked for April. We know this is something the People’s Bank of China has been waiting to bring on-stream for more than a year now but almost certainly timed to be announced after China’s toehold in the LBMA auction process was established and subsequent acceptance of the yuan in the International Monetary Fund’s Special Drawing Rights. Note that China plays its own game, totally missed by the mainstream media.

[deka1] 18/12/2015 19:06

Stockman's Corner

Sell The Bonds, Sell The Stocks, Sell The House —–Dread The Fed!

by David Stockman • December 18, 2015

There is going to be carnage in the casino, and the proof lies in the transcript of Janet Yellen’s press conference. She did not say one word about the real world; it was all about the hypothetical world embedded in the Fed’s tinker toy model of the US economy.

Yes, tinker toys are what kids used to play with back in the 1950s and 1960s, and that’s when Janet acquired her school-girl model of the nation’s economy.

But since that model is so frightfully primitive, mechanical, incomplete, stylized and obsolete, it tells almost nothing of relevance about where the markets and economy now stand; or what forces are driving them; or where they are headed in the period just ahead.

In fact, Yellen’s tinker toy model is so deficient as to confirm that she and her posse are essentially flying blind. That alone should give investors pause—-especially because Yellen confessed explicitly that “monetary policy is an exercise in forecasting”.

Accordingly, her answers were riddled with ritualistic reminders about all the dashboards, incoming data and economic system telemetry that the Fed is vigilantly monitoring. But all that minding of everybody else’s business is not a virtue—-its proof that Yellen is the ultimate Keynesian catechumen.

This stupendously naïve old school marm still believes the received Keynesian scriptures as penned by the 1960s-era apostles James (Tobin), John (Galbraith), Paul (Samuelson) and Walter (Heller).

But c’mon.Those ancient texts have no relevance to the debt-saturated, state-dominated, hideously over-capacitated global economy of 2015. They just convey a stupid little paint-by-the-numbers simulacrum of what a purportedly closed domestic economy looked like even back then.

That is, before Richard Nixon had finally destroyed Bretton Woods and turned over the Fed’s printing presses to power aggrandizing PhDs; and before Mr. Deng had thrown out Mao’s little red book in favor of a central bank based credit Ponzi.

As you listened to Yellen babble on about the purported cyclical “slack” remaining in the US economy, the current unusually low “natural rate” of federal funds, all the numerous and sundry “transient” factors affecting the outlook, and the Fed’s fetishly literal quest for 2.00% inflation (yes, these fools apparently think the can hit their inflation target to the second decimal place), only one conclusion was possible.

To wit, sell the bonds, sell the stocks, sell the house, dread the Fed

the whole write up is on this link, long haul but interesting

[deka1] 18/12/2015 11:11

Another thing to consider , in this utterly corrupt financial arena is the subject of Hedging of prices,connected to loan agreements 10-12 years ago a lot of the majors and some of the mid caps were hedged by the same rotten banking cartel that we sadly have today.
Now today that is not the case,i think all miners that were using hedges to price, got out of those hedges as soon as they could during the massive rise in gold price, so those bankers who control the POG and everything else for that matter,were locked out of the easy money that the hedging gave them,that is a loss of control of the miners, to them that's not good,money tap turned off.
They have control of all paper money, but gold is the only real money.
What if they were to let gold rise , back up to say the 1200 mark, and let it stay there for a few months,that may tempt or force the remaining mining companies back to the hedging of prices ,then when they have enough (if anything is ever enough)if not all of the big /mid caps that are left under their thumb and trapped by the hedging deals, just let gold go again and clean up massively .
Nothing is beyond these people, Nothing, no one else matters .

[augustusgloop] 18/12/2015 10:19

deka1 18 Dec'15 - 08:18 - 35352 of 35352 0 0


Eintracht I think its just the Fed banks selling it to their proxy hedge funds,
so in effect back to themselves , it just goes round in a circle so they don't win and don't loose its all their own money,i mean who else would play in a rigged game, who in their right mind would take the other side of a trade,knowing that they can move the price anyway the like by selling or buying non existent paper gold,it just don't make sense to me that any other ,ie a other investor would be in it .

-----------

Somebody must take the other side of the trade --- otherwise how could all the GS & JMP traders afford their $20m penthouse apartments?

There are a lot of traders making multi-millon dollar bonuses year after year.

So somebody somewhere must be losing an even larger amount.

[deka1] 18/12/2015 08:18

Eintracht I think its just the Fed banks selling it to their proxy hedge funds,
so in effect back to themselves , it just goes round in a circle so they don't win and don't loose its all their own money,i mean who else would play in a rigged game, who in their right mind would take the other side of a trade,knowing that they can move the price anyway the like by selling or buying non existent paper gold,it just don't make sense to me that any other ,ie a other investor would be in it .

[eintracht] 18/12/2015 07:58

But somebody must be buying this paper/non-existent Gold.

[deka1] 18/12/2015 07:02

Eintracht hi, yes that's how its done, selling gold that don't exist to people who don't want it,and then closing the deal with cash not gold,and the miners go out of business , and still its sold ever cheaper , an surreal situation.

[eintracht] 18/12/2015 03:04

Well, that interest rate rise meaning a drop in Gold price could spell the end of production for 95% of miners. It is ridiculous. Even if Gold production went down to zero globally the Yanks would still be selling it !!!!!

[deka1] 17/12/2015 20:36

Hi Blue,the American gov and fed banks are one and the same,Its the American people who are t blame for letting it continue,they still have the power of the vote , don't they? l;ol, they never try to change things,i think the vast majority of the American population are very naïve,like the UK but much more so.
Until they get rid of the FED banking system nothing will change for them,each election just brings another banker yanker puppet into the White house,dont matter what side he dresses on RIGHT OR LEFT they are all bought and paid for.

[bluelynx] 17/12/2015 19:33

Hi deka

I completely agree with you, and what make this situation a complete farce is the investigations the US is undertaking in to the fraud that has occurred within FIFA's management. Whilst nothing has been done to prosecute the massive fraud done by their own Banks which makes FIFA's crime look like very minor theft from a local corner shop.

[nielsc] 17/12/2015 15:29

You can bet that the gold selling will be of the paper variety. Pure madness.Cheers,Niels

[eintracht] 16/12/2015 23:11

Beautiful mate. Another 30+ day today so just off out to the golf course for 18 holes then a couple of cold beers staring out across the ocean. Still getting used to Xmas being in the middle of summer - that's weird. However, we'll go to the beach 6AM Xmas morning for a dip in the sea and the novelty of it all.