Medusa Share Discussion Threads

[4marlin] 20/1/2016 13:53

I love the look of them: am long volatility and short indices.
profits to go into pm juniors.

[chipperfrd] 20/1/2016 13:03

Scary interview with Bill Holter. But it has been on the cards for so long.



Dow & S&P futures look ominous today. We will see!

[chipperfrd] 20/1/2016 12:38

Comment (amongst other issues) regarding yesterday's big sell-down of US gold miners.

[bluelynx] 20/1/2016 10:09

Chip

Thanks for the sign-post, at least we will be put out of our misery one way or the other.

[chipperfrd] 20/1/2016 09:52

Well we should get an update soon as MML always puts out their quarterly report at the end of the following month - so likely to be the 29th January. The 1H16 financials are usually at the end of February - so not too long to wait now.

[bluelynx] 20/1/2016 09:30

Below link to interview with a CEO who actually backs his company by doing something odd, like buying shares in the company who pays his salary I wish Medusa had a CEO with a fraction of the principles and openness as Keith Neumeyer of First Majestic.

I See the shambles that call themselves Directors still are not buying any MML shares, and together with the lack of news I fear the worst.

[stevea171] 19/1/2016 21:19

There are reports on the internet of a shipping freeze. Someone called NYK lines, a major international shipping firm, and was told “we cannot speak for the whole world but, as far as our company is concerned, with current shipping prices we will lose money every time we send a ship so we have stopped.”

Chinese government sources said in a newsletter shipping companies are now demanding to be paid in Chinese yuan and not dollars and that is a major reason for the freeze in shipping worldwide.

If this continues, it will lead to empty super-market shelves and social unrest, especially in the US. The announcement last week by Walmart that it is closing 269 stores is just the beginning.

[atlantic57] 19/1/2016 20:25

This fall in the index just when gold was showing signs of strength is worrying !

[bluelynx] 19/1/2016 20:14

Hi Steve

Yes I also read that article, its quite an incredable fraudulent smash down on an already heavily beaten up sector.

[stevea171] 19/1/2016 19:49

BL. Just today so far:

Yamana -9.0%
Kinross -7.4%
PHLX Gold/Silver Index (XAU) -6.3%

Seems to be across the board .....

Dow and other main indices crashing again.

[adyfc] 19/1/2016 19:48

It's because they're ALL run by liars just lining their own pockets and have allowed extraction costs to spiral.

[bluelynx] 19/1/2016 17:02

HUI now below 100 at 99/99 LOL!

[bluelynx] 19/1/2016 16:35

Does anyone have any reasoning to why gold stocks are currently being smashed while Gold is only down a fraction, the HUI is currently down 6.5 to about 100. Quite amazing really who the hell is Shorting or panicking selliing at these new lows for gold stocks. Beats me totally.

[deka1] 19/1/2016 07:12

Bounce in Shanghai --up 3.2%, will the DOW follow-- has been of late.
2nd qtr report soon, prod 30kozs imo, slight fall on 1st qtr level8 shaft work done , 2nd half year prod 70kozs imo.

[chipperfrd] 19/1/2016 01:06

Hi Niels,

Yes, I had listened to that Grant Williams podcast. I have enjoyed his work for some time. He is a very clever and witty guy.
Chip

[nielsc] 18/1/2016 23:49

Chipperfrd,Thanks for the recent articles posted.Watched a very interesting presentation tonighthTTp://goldstockbull.com/articles/grant-williams-video-presentation-nobody-cares-about-gold/John Hathaway mentioned. Liked the hinted at analogy of gold bugs being like kids in the back of the car - "are we nearly there" ?Cheers,Niels

[deka1] 18/1/2016 21:15

Bloody hell Eintracht, I did not check the date on my streaming link LOL
amended the numbers in my post
Cheers mate

[eintracht] 18/1/2016 20:04

I thought Wall Street was closed last night due to MLK Holiday ? Isn't the fall Friday's fall ?

[deka1] 18/1/2016 18:54

DOW down 397 Friday, DOW down 2700 points from its 52 week high of 18300,
and gold a lot lower than a year ago,go figure

[deka1] 17/1/2016 22:22

Chip Steve thanks,TF will find the posts useful I think.

[stevea171] 17/1/2016 21:03

Dek. I think so, yes. I don't know how they got out of it.

[chipperfrd] 17/1/2016 21:02

I did print a set of numbers for SBM here in the last couple of weeks.

Their debt on 20/6/15 was A$390m. Net cash was -A$322.9m.

I remember them from their T/O of Allied Gold. They are still operating Simberi - but it has always had very patchy grades and must be pretty marginal at current PoG. Onlt 29.9koz @ 1g/t over 1H15.

Their other project from Allied Gold was Gold Ridge in the Solomon Islands which was extremely risky because of tribal ownership issues - it has subsequently closed!

So they are back to relying on Gwalia and King of the Hills as their core assets.

I calculated the group AISC at A$1,166/oz over 1H15 and cash costs at A$943/oz.

Like Steve, I totally avoid it.
Chip

[deka1] 17/1/2016 20:22

Cheers Steve, I got stuffed on MCR, lost 20k on it, so I knew they bought the mine off st Barbara, I to wanted nothing to do with them, I don't know how much debt the have, were they in debt trouble when the share price fell through the floor a couple years ago?..