Hi guys Has anyone here brought up Medusa Mining Limited as a fit with OZL if it has already apologizes and no wise cracks I'm getting old :-)
Anyhow. Any thoughts on MML, would it be an option for OZL? Just thinking aloud here without to much deliberation. I haven't dug to deep into it as yet, if anyone knows it well would love some input or opinions at this stage would be fine. I have watched it for a while, i think value lies around $4.30-$4.50. It appears to a reasonably solid gold company. ROE is high at around 40%, no debt and there is a growth story in the business. It would have to be one of the lowest cost gold producers.
Come on guys very quiet on quite a few boards Sure I think people are quietly very much on edge with the markets - and perhaps rightly so, there's a lot of tension and nervousness. But fact is the sky isn't going to fall in - that would result in the end of the world. I can't see a GFC type thing happening anytime soon. At worse maybe repeat maybe recession in Europe and the slowdown in China. And even if that was to be, a recovery will occur and the good times will return at some point in the future. And just like other previous crises the world will have changed as a result. Think WW1, WW2, 911.
But for now. Xmas is here already we get the drink and eat big time again. Wooooohoooo
OZL Price at posting:
$11.08 Sentiment: LT Buy Disclosure: Not Held