Medusa Share Discussion Threads

[eintracht] 29/4/2016 08:26

The results were published here just after midday, so all afternoon trading was done after quarterlies were out.

[edjge2] 29/4/2016 08:22

Oz recovery impressive from catapult low but gold surge part of it.
Looks like results published late in trading day there.

[nielsc] 29/4/2016 08:18

hardwork,

They need 25k oz in Q4 to meet their guidance. So I would say they are not back to normal levels of operation.

They better be right about about 25k oz as they are a month into Q4 already.

Not sure why they only milled 132,393 DMT in light of the "Broken stockpiles are
at 50,000 tonnes as or 31 March 2016.". Is this not ore ready to be milled having been broken? Am I misunderstanding?

Cheers,
Niels

[hard work] 29/4/2016 08:04

As Deka says....they only need 30k to meet their guidance - so, they're back to normal levels of production this quarter? I'm too cynical

[polaris] 29/4/2016 08:01

Hi All,

For me this has been highlighted for some time, with them always harking on about the operational review and not confirming the 120-130k oz target. Having said that, the actual production numbers are poor on anyones scale, hence the fall to the low 0.7s. With gold breaking above $1270 then, with 'normal' results, MMl would have been touching the 0.9s today. This is, in effect, a profit warning and the price has reacted accordingly.

The issue now is what the next Q brings and how delayed the shaft work is to remedy the situation. 108k would not be a disaster if they meet the AISC of 900-1000 on the back of a rising gold price. However, i spot several caveats in my own statement and things can easily deteriorate.

Once again MML drop the ball when in open field!

regards,

Paul

[adyfc] 29/4/2016 07:46

Don't worry Chip will be along soon to calm all the nerves and reassure everyone.

[deka1] 29/4/2016 07:27

Well not to bad a reaction by Mr market, down 2%,with a recovery from the session low of 70c back to 75c

[c9ajl] 29/4/2016 07:14

Link for those who haven't read the report yethttp://www.medusamining.com.au/wp-content/uploads/160429_march2016quarterlyreport.pdf

[hard work] 29/4/2016 07:01

We felt it coming didn't we..."operational review".

[eintracht] 29/4/2016 06:45

Chip,
You're going to have to be a pretty serious optimist to make something good out of that !!!!

[cncventure] 29/4/2016 06:33

Very disappointing...

[deka1] 29/4/2016 06:32

Eintracht hi, it is a BIG disappointment ,looks to me like the shaft work has turned out more complicated than they thought it would be,they need just under 30k ozs prod for last qtr to make the new guidance number of 108k for the year.

[eintracht] 29/4/2016 05:52

That quarterly report is sh*te.

[ilostthelot] 28/4/2016 23:05

Hello Deka

Gold is looking stronger isn't it .I'm hopeful it'll break through this price range tonight.

All things considered though it's been a good year for the POG and is why I'm fully invested in gold miners again

When you consider MML was valued way higher than this now at lower prices of gold and lower production. Doesn't take a rocket scientist to see the big undervaluation here.

[deka1] 28/4/2016 20:53

Andy gold may make the 1280 you mentioned , at 1270 now

[deka1] 28/4/2016 18:34

TF hi aye something like that mate ,

[tightfist] 28/4/2016 17:07

Hi deka,

Your outlook would suit just fine. Last night's fall may just have been prudent profit taking prior to the Q3 report. An awful lot of holders have 100%+ profits clocked over the past three months.

Cheers, tightfist

[deka1] 28/4/2016 16:39

ILTL hi , yep it does , if gold holds onto todays rise, MML could put on 10% tonight, if the 3rd qtr numbers are just reasonable imo ie around 3ok ozs,
last nights 5% drop was on under 1 Mil trades.

[ilostthelot] 28/4/2016 15:43

Medusa does have history of being a leaky ship.. We will soon see

[goldminer70] 28/4/2016 13:37

I am not optimistic of good results in the quarterly production report.
I believe there is a bush telegraph system among the Australian mining community. If the results are good the share price would have risen in anticipation.

I hope I am wrong.

Goldminer70

[ilostthelot] 28/4/2016 12:07

Hopefully we'll get the quarterly tonight. A breakout of 1280 today coupled with a nice report and we could well see a strong move up tonight.

[deka1] 27/4/2016 18:43

Ronan Manly article on SGE gold fix: