Teo out, page-3

Even passive shareholders must have their limit.
It's not just the last week or so that the sp here has been falling. It has fallen from 90+c on 6/1 to 43.5c now. So the sp has been going down almost continuously for 10 weeks whilst the gold price has been rocketing (until the last few days).

I don't know of any other gold miner that is as lowly rated (PE 1) or has performed as disastrously as Medusa over this period.

It's an insult to be issuing Performance shares at this time with low hurdle conditions. It can be assumed these 5.3 million shares will be issued. Are they not being paid enough already?

And where is the company development? All we ever hear about is throwing ever more money down Co-o. There are no plans to diversify or to have a second operation. The plans they did have came to nothing and have been replaced with nothing.

You would think the money bags directors, Teo and Co, would step in here and support the sp by buying millions of cheap shares.
But will they?
Of course not!
They may be stupid
but not that stupid .....