Medusa Share Discussion Threads

[geckotheglorious] 09/3/2022 09:18

Wow, Teo terminated.
What's been going on behind the scenes.

Gold price soared. MML gone nowhere.

Not surprising.

[polaris] 09/3/2022 08:02

Interesting. Buy a company and install the ex-CEO there as new CEO. Not sure whether Teo is just going back to another role or has left the company. 6 months termination agreement suggests the latter but I might need to contact IR to get the details. You need an experienced mining leader in this game and I wonder how this one will go. share price still way below value.

[roguetreader] 09/3/2022 06:52

Wow, wasn't expecting that. FWIW IMO Teo going has to be good news, but have no knowledge of the new appointment.

[glavey] 09/3/2022 05:32

Hmmm.., nothing needing comment there then. Oh, just a minute...

[c9ajl] 08/3/2022 22:54

New Managing DirectorHttps://www.medusamining.com.au/wp-content/uploads/2022/03/220309_paulryanwelkerappointedmanaginddirector.pdf

[c9ajl] 03/3/2022 10:01

New non executive director Https://www.medusamining.com.au/wp-content/uploads/2022/03/220303_appointmentofnonexecutivedirectorpaulryanwelker.pdf

[polaris] 25/2/2022 08:24

H1 FY21 was the bumper period with high gold prices. Even in the lower gold price environment and on lower production AND on the cap ex project, MML have reported H1FY22 NPAT at $15.3 M. average gold price is on track to be $1850+ for H2, with higher production so lower AISCs. Add in the post period 1064 acquisition and MML are still a sub AUD$200 M company with AUD$100+ M in cash.

[c9ajl] 25/2/2022 07:30

Half Year Financial ReportHttps://www.medusamining.com.au/wp-content/uploads/2022/02/220225_halfyeartdecember2021financialreport.pdf

[cp42kx07] 17/2/2022 20:09

We can but live in hope!

[polaris] 17/2/2022 16:15

3 weeks after Q2 update and up AUD$0.13 from the lows and i don't even think we have got started yet. I've a reasonable 5x cash generation post AISCs + cash valuation of this near AUD$2. I think that is conservative even before the progress in pog since end of January. Long may it continue and looking forward to some rockets once the market finally twigs the valuation metrics of various small gold producers.

[polaris] 25/1/2022 21:02

Done a few calculations based on last 3 Qs. There is about $11 M for Tiger Way left in spend for Q3-4, cash generation post AISCs expected to be around $25 M, based on Q1 FY22, to make bottom end of forecast at top end of AISCs. I'd guess that MML can afford a dividend of AUD$0.05 while keeping cash pile constant during FY22. At last night close the EV is $25 M. Roll on official H1 FY22 announcement.

[c9ajl] 25/1/2022 04:08

December 2021 Quarterly ReportHttps://www.medusamining.com.au/wp-content/uploads/2022/01/250122_december2021quareterlyreport.pdf

[polaris] 25/1/2022 02:57

Qly results out and market doesn't like them. AISCs are up but flagged for routine maintenance with FY production and AISC retained. Cash and cash equivalents are $74 M, broadly steady given dividend and spend on Tiger Way. Just another example of market madness with gold well above $1800. EV down to sub $30 M now. LOL

[polaris] 19/1/2022 19:20

I've started adding again here. Gold threatening to break out back towards the $600+ margin for AISC level. If there are legs to any gold strength then the undervalued producers stand the most to gain. Q2 numbers due and I expect another dividend once the audited numbers are out in February.

[geckotheglorious] 19/1/2022 12:23

Polaris.
Post 38538

It's called the "Teo Discount"

[deka1] 19/1/2022 08:23

C9ALJ

Capital H

[c9ajl] 19/1/2022 07:03

Tigerway Updatehttps://www.medusamining.com.au/wp-content/uploads/2022/01/220119_-tigerwayupdate2022.pdf

[polaris] 22/12/2021 10:56

Just when I thought it couldn't get any more absurd, the low of the day was AUD$0.67, or AUD$139.4 M. Cash balance at last Qly was $75.5 M, or AUD$105.4 M.

The whole EV at that point in the day was AUD$34 M cf. the profit for last year of $47.3 M, or AUD$66 M. NPAT too! EBITDA was double this.

Hello people, MML has a cash and cash equivalents balance of AUD$0.505 per share. Carry on like this and MML might just become the first profitable miner that has a negative EV!

It's OK though, it closed at AUD$0.68... :-/

[chipperfrd] 17/12/2021 12:53

And the same to you Deka (and all on this board). Happy Xmas and good health and prosperity for 2022.
Kind regards
Chip

[deka1] 17/12/2021 11:51

good luck to us polaris beats my 30,000 hands down, all the best to all and seasons greatings.

[polaris] 16/12/2021 23:52

Roll up, roll up. EV down to a paltry AUD$40 M. That is near $30 M. Show me another 90 k oz producer with $500 AISC margin that has an EV anywhere near this. I'm topped out with near 110 k of these.

[deka1] 22/11/2021 11:07

Nicely put polaris .