Medusa Share Discussion Threads

[deka1] 19/10/2020 10:42

MML --At the present rate of cash accumulation by the end of its financial year next June , the money in the bank will surpass its present Market Capitalisation,
WTF

[tightfist] 18/10/2020 21:51

Hi deka, my unspoken meaning was if Teo somehow gets deposed at the AGM. In my judgement that in itself would be good for a significant share price increase.

Otherwise the accumulation of cash should soon become embarrassing - more radically, stop the decline Capex, pay a massive dividend and progressively close Co-O?

Cheers, tightfist

[deka1] 18/10/2020 21:02

TF the'res always the rising gold price , but it could get a good boot from the Half Yearly in January,
perhaps around a hundred million in cash by then. good luck

[tightfist] 18/10/2020 11:43

Thanks for that, I love Cups and Handles but MML is off my charting radar.... Must take a look - what seismic event will it take to break-out?!

Cheers, tightfist

[deka1] 18/10/2020 08:41

A PERFECT CUP AND HANDLE FORMED ON THE YEARLY CHART, if your into that sort of thing

[tightfist] 15/10/2020 11:17

Looked at the headline figures - at first glance quite encouraging? I note that we have passed another milestone: cash plus metal is now over 50% of Market Cap! Roll-on a few weeks to the AGM and hopefully a stick of dynamite under the current creaking BoD.
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The exploration results at Royal Crowne Vein are interesting - how does one get (economically) to gold buried 300m underground?
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Cheers, tightfist

[bushtuckaman] 15/10/2020 09:36

I notice that on page 3 of your report released today that there is an error on Table 1.

The column labeled "Mar 2019 Quarter" is actually showing data from March 2020 quarter. I believe that column should be labeled "Mar 2020 Quarter"

I've emailed the company fwiw.

[c9ajl] 15/10/2020 04:10

September 2020 Quarterly Reporthttps://www.medusamining.com.au/wp-content/uploads/2020/10/201015_september2020quarterlyreport.pdf

[deka1] 17/9/2020 14:32

Well said,wish i knew his motives .

[speedsgh] 16/9/2020 12:02

"Following Mr Villanueva’s retirement as a Director, Medusa’s Board will comprise a majority of independent Directors: Non-Executive Directors Roy Daniel and Simon Mottram and Non-Executive Chairman Andrew Teo, who is also currently serving as interim Chief Executive Officer (“CEO”).

The process to appoint a permanent CEO is ongoing, however it is being slowed by COVID-19 restrictions which are preventing candidates from travelling to the Philippines. The Board is hopeful of concluding the recruitment process in the first half of 2021."

Well at least shareholders can rest assured that the dynamic Mr Teo, who has presided over spectacular value destruction over his tenure as Chairman (and sometime interim CEO whenever he falls out with the incumbent CEO), has a firm hand on the tiller and is focusing firmly on the wider interests of shareholders [tongue firmly in cheek]. For goodness sake, excuse after excuse after excuse. Maybe the delay in recruiting a new CEO also has something to do with a) Mr Teo & the board's general incompetence; b) the fact that Mr Teo's reputation now precedes him & nobody wnants to take the chance of working with him.

Leopards do not change their spots. And Mr Teo is imo a leopard. I have said it countless times previously but, notwithstanding the elevated gold price, shareholders are unlikely to feel the benefits of any investment in Medusa until the Mr Teo is removed from office and no longer has anything to do with the company. AIMHO

[tightfist] 16/9/2020 09:01

Resignation of a long-term Director - is it COVID-driven?
One continues to wonder what is going on behind the scenes. Maybe this will play-out at this years AGM? Cheers, tightfist

[deka1] 16/9/2020 07:26

OARD OF DIRECTORS UPDATE

[c9ajl] 16/9/2020 05:42

BOARD OF DIRECTORS UPDATEhttps://www.medusamining.com.au/wp-content/uploads/2020/09/200915_boardofdirectorsupdate.pdf

[tightfist] 06/9/2020 09:46

Amazing! This must be the only DD/insider open-market SHARE trade for several years (unless the trail of ex-CEO's generated some interest? I have a feeling that Boyd Timler may have had a dabble). tightfist

[c9ajl] 06/9/2020 08:01

Insider Buying: The Medusa Mining Limited (ASX:MML) Independent Non-Executive Director Just Bought US$87k Worth Of Shareshttps://finance.yahoo.com/news/insider-buying-medusa-mining-limited-230438721.html

[tightfist] 04/9/2020 08:27

Hi C9AJL,
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Thanks for the update. One wonders what the background is to this move - continuity is looking rather stretched!
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Cheers, tightfist

[c9ajl] 04/9/2020 07:10

Chief Financial Officer Transitionhttps://www.medusamining.com.au/wp-content/uploads/2020/09/200904chiefinancialofficertransition.pdf

[c9ajl] 31/8/2020 11:07

Directors Report https://www.medusamining.com.au/wp-content/uploads/2020/08/200831_appendix4edirectorsreportfinancialreportjune2020.pdf

[c9ajl] 31/8/2020 11:04

Full year financial resultshttps://www.medusamining.com.au/wp-content/uploads/2020/08/200831_20192020fullyearfinancialresults.pdf

[deka1] 28/8/2020 06:59

Thanks c9

Medusa Mining Limited (“Medusa”;) provides the following FY21 guidance for its Co-O Gold
Mine in the Philippines (“Co-O”).
Production in FY21 is forecast to be within a range of 90,000 ounces to 95,000 ounces at
an All-In-Sustaining-Cost (“AISC”) of between US$1,200 to US$1,250 per ounce.
Co-O has built a recent record of consistent production and cost control and the forward
guidance for FY21 compares to production of 95,057 ounces at an AISC of US$1,132 per
ounce achieved in FY20.
The slight increase in year-on-year AISC for FY21 has been anticipated, after taking into
account the ongoing impact of COVID-19 restrictions to people movement, logistics and
associated costs.
AISC includes cash production costs, royalties, mine development, capital works and
associated sustaining capital, exploration expenditure and corporate overheads. The FY21
guidance does not include any provision for the construction of the proposed decline at Co-O
which remains on hold until such time as COVID-19 restrictions are lifted.
Medusa remains fully unhedged and exposed to the prevailing spot gold price.

[c9ajl] 28/8/2020 06:36

Production and Cost Guidance Announcementhttps://www.medusamining.com.au/wp-content/uploads/2020/08/Production-and-Cost-Guidance-Announcement.pdf

[tightfist] 25/8/2020 17:07

Events such as these bring it all home. Here's looking out for the family so tragically hit. tightfist

[deka1] 25/8/2020 16:54

Underground Fatality


Medusa Mining Limited (“Medusa”; or the “Company”;), through its Philippines operating company Philsaga Mining Corporation, regretfully reports a fatal accident has occured at its Co-O mine.

An employee was electrocuted during an inspection process of submersible pumps at the underground Main Pump station.

The mine continues to operate. The Philippine Mines and Geosciences Bureau has been notified of the accident.

The Company is deeply saddened by the incident and is providing support to the family of the worker and the Co-O workforce.

This ASX announcement was approved and authorised for release by the Chairman of the Board of Medusa Mining Limited.

[deka1] 25/8/2020 16:36

Underground Fatality


Medusa Mining Limited (“Medusa”; or the “Company”;), through its Philippines operating company Philsaga Mining Corporation, regretfully reports a fatal accident has occured at its Co-O mine.

An employee was electrocuted during an inspection process of submersible pumps at the underground Main Pump station.

The mine continues to operate. The Philippine Mines and Geosciences Bureau has been notified of the accident.

The Company is deeply saddened by the incident and is providing support to the family of the worker and the Co-O workforce.

This ASX announcement was approved and authorised for release by the Chairman of the Board of Medusa Mining Limited.