Medusa Share Discussion Threads

[deka1] 23/4/2020 09:40

Hi ILL, good to hear from you, yep I just feel that the talk of gold going a lot higher now ,has more of a convincing feel to it , BANK OF AMERICA SAYING 18 month target $3000/oz, goldman around a mere $2000, next year,if it ends up somewhere in the middle at $2500/oz , Medusa will be making $1400/oz profit pree tax and exes,if they can get to $1100 AISC.

110.000/ ozs x $1400, OOOOOHH I feel faint!

THATS 154, 000,000

[ilostthelot] 23/4/2020 09:14

Mml is shooting back up from recent lows.

[deka1] 21/4/2020 16:06

From crossing the rubicon on the RUG THREAD


"BOA bullish on gold"

Strategists at Bank of America hiked their target for gold prices in 18 months' time by half in anticipation of central banks and governments doubling the size of their balance sheets and fiscal deficits, respectively.

BofA now expected the yellow metal to hit $3,000/oz., versus a prior price forecast of $2,000/oz.

[deka1] 20/4/2020 11:11

Kondratieff wave stuff , if you can understand it, monetary base ratios , whatever.

gold at 1700 is 10 times lower than it should be , I think lol

[deka1] 20/4/2020 10:53

All-In Sustaining Costs (“AISC”): US$1,118 per ounce (Dec 2019 Qtr: US$1,346 per ounce);

Need to get this down to 1100 ish

[c9ajl] 20/4/2020 07:58

Quarterly Reporthttps://www.medusamining.com.au/wp-content/uploads/2020/04/200420_march2020quarterlyreport.pdf

[deka1] 15/4/2020 20:40

SFS thanks , if the pog stays above 1700/oz for the rest of this year , they will make enough to pay for the whole decline expense, or very close to it, with an aisc of around $1000-$1100, just hope this board are upto the job, and the mine area remains free of the virus.

[swallowsflysouth] 15/4/2020 18:06

Here is a slightly different take on mml, could do the share price some good

[deka1] 15/4/2020 09:04

Cheers BUSHMAN, I changed it to 2k lol

[bushtuckaman] 15/4/2020 08:53

You've made a mistake lol. But we know what you meant! ;-)

[deka1] 15/4/2020 08:23

NOW making around $600/oz profit before offtakes on 100000/ozs = $60,000000

OOHHHHHHH MY ------- and the state the world is in gold is going much higher in price
Where will it all end up

$2,000 GOLD = $90,000000 pre tax prof for MML on 100k /ozs somebody tell me I have made mistakes please lol

What to do ?

[deka1] 15/4/2020 07:06

MEDUSA MINING LIMITED ABN: 60 099 377 849 Suite A, Level 1 1 Preston Street Como WA 6152
PO Box 122 South Perth WA 6951 Telephone: [phone] Facsimile: 618-9474 1342 Email: [e-mail] Website: www.medusamining.com.au ANNOUNCEMENT 15 April 2020
Resumption of Operation (ASX: MML)

Medusa Mining Limited (“Medusa”; or the “Company”;), through its Philippines affiliate, Philsaga Mining Corporation (“PhilsagaR21;), is pleased to provide the following update on operations at the Co-O Gold Mine. The local government of Bunawan, the municipality where the Co-O mine is located, had granted the company the permission to operate on certain conditions stated in the application and relating to Covid-19, including sourcing workers from only the immediate areas which would have some impact on near term production. The Company has recommenced operations today. The safety of our workforce and host communities is of the upmost importance to us. The Company will continue to implement precautions to avoid or minimise any COVID19 health risk to our people while at work. The site remains COVID-19 free. The impacts of COVID-19, the Enhanced Community Quarantine and travel restrictions will continue to be monitored closely and Medusa will respond accordingly. We will work diligently to maintain the safety of our people, achieve the best results practicable and keep shareholders informed of any material developments

[tightfist] 13/4/2020 10:10

Hi deka,

My best guess (or wishful thinking!) is that collectively the ii's will not support Teo's reappointment as Chairman when it next comes up for renewal - when is this? The coming November or Nov. 2021? That would enable a shareholder-respectful Chairperson to take charge and reorientate (or change) the executive team.

IIRC Roy Daniel's reappointment as a Director last November was a close run thing.

Here's hoping! tightfist

[deka1] 10/4/2020 15:42

Why are the II staying in ,if its all doom and gloom for the future, unless they intend to try a takeover (ruffer , Paradise et al) I would welcome a T/O at say £3/share.

[tightfist] 10/4/2020 13:59

Steve: Agreed - bring it on is reluctantly my view now. There is so little regard/respect paid to shareholders - IMO one enormous gravy train.
.
However, with a three year cash-consuming decline plan I fear their jobs are safe - and the train will just rumble on.
.
And the ii’s stand passively on the platforms at the halts being passed!
.
Take care! Cheers, tightfist

[stevea171] 10/4/2020 13:24

Medusa take over?

Teo & Co have zero interest in shareholders or the company share price
As a result of company performance and indifference the share price has fallen by 50% this year in a gold bull market with an industry low PE of 1.

There has been no effort over years to promote the company, currently no effort to develop the company or to monetize the gold held in TSF#1 and with spare capacity running at 40% or higher at the processing facility.

The gold contained in tailings pond #1 has been measured to be 28.2k oz at 1.7 gm/t valued at $45 million at the current gold price of $1600 less recovery costs.
This would pay a very nice bonus to shareholders as well as initiate dividend payments from a net cash position of around $27 million. But the company never prioritizes this to get this done.

There is a window of opportunity for a Hong Kong or Chinese entity to make a low ball bid before gold goes much higher. Probably pitched around 90c per share and valuing the company around A$190 million (US$120 million). There was an early stage attempt at this before but came to nothing.

In such a scenario Teo and the top management would be likely to go as they well deserve and the ASX listing cancelled.

[tightfist] 10/4/2020 08:08

Understood CtR, however different countries are adopting deeply contrasting Health versus Economic trade-off mechanisms.
I used the word Essential (which I think is correct re: Brazil) rather than the UK’s word Key.
If you want a real contrast read this morning’s news about the approach in Nicaragua! I just hope they don’t have any septuagenarians.....
Take care, tightfist

[deka1] 10/4/2020 06:40

Directors
Last Annual
June 30th, 2019
Incorporated
February 5, 2002
Public Since
December 23, 2003
No. of Shareholders:
3,671
No. of Employees:
4,800

[crossing_the_rubicon] 09/4/2020 21:25

@tightfist

"MML big employer in the area, over 4000 I think"
Courtesy of Deka. I dont know tbh

Hardly "key" imo

But who is to know.

[tightfist] 09/4/2020 18:47

CtR; I don't know how important Mining is to the Phillines economy - nationally or locally. Apparently it has been classified as an Essential Industry in Brasil.