Is there likely to be much tax selling in MML this year? Presumably most Australian shareholders of MML will have taken a beating on their holding (as we have in the UK). Or can you offset losses in MML against profits elsewhere?
In the mean time, perhaps somebody could phone MML and ask them how they plan to produce 70-80,000oz in the current financial year? Whilst, for me, this is not crucial to the investment case here, IMHO it certainly seems quite an adventurous prediction and gives the impression (to me) that whoever is responsible for MML RNSes is an optimist to say the least.
BTW, when do posters expect MML to be producing at 50,000oz/quarter? Provided this is within the next 6-9 months, ISTM MML looks very cheap.
Cheers, Martin
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